Published on November 7, 2008
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PRESS
RELEASE
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FOR
IMMEDIATE RELEASE
|
|
HARRIS
& HARRIS GROUP, INC.®
|
NOVEMBER
7, 2008
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|
111
WEST 57th
STREET, SUITE 1100
|
|
|
NEW
YORK, NEW YORK 10019
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CONTACT:
CHARLES E. HARRIS
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|
NASDAQ/NMS
SYMBOL: TINY
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TEL.
NO. (212) 582-0900
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HARRIS
& HARRIS GROUP REPORTS FINANCIAL STATEMENTS
AS
OF SEPTEMBER 30, 2008
Harris
& Harris Group, Inc., reported today that, as of September 30, 2008, its net
asset value and net asset value per share were $121,113,660 and $4.68,
respectively.
SUMMARY
OF FINANCIAL RESULTS
|
Sept.
30, 2008
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June
30, 2008
|
December
31, 2007
|
Sept.
30, 2007
|
|
|
(Unaudited)
|
(Unaudited)
|
(Audited)
|
(Unaudited)
|
|
|
Total
Assets
|
$123,076,500
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$155,786,983
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$142,893,332
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$136,696,479
|
|
Net
Assets
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$121,113,660
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$153,778,840
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$138,363,344
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$132,442,597
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|
Net
Asset Value per Share
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$4.68
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$5.95
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$5.93
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$5.69
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|
Shares
Outstanding
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25,859,573
|
25,859,573
|
23,314,573
|
23,271,858
|
Harris
& Harris Group is a publicly traded venture capital company that invests in
tiny technology, including nanotechnology, microsystems and
microelectromechanical systems (MEMS). A growing percentage of the Company's
portfolio consists of companies developing cleantech solutions.
Detailed
information about Harris & Harris Group and its holdings can be found on its
website at www.TinyTechVC.com. The Letter to Shareholders for the Third Quarter
ended September 30, 2008, may be found by clicking on Investor Relations and
then by clicking on Letters to Shareholders.
This
press release may contain statements of a forward-looking nature relating to
future events. These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions. These statements
reflect the Company's current beliefs, and a number of important factors could
cause actual results to differ materially from those expressed in this press
release. Please see the Company's Annual Report on Form 10-K for the fiscal
year
ended December 31, 2007, the Company's report on Form 10-Q for the quarter
ended
September 30, 2008 and subsequent filings, filed with the Securities and
Exchange Commission for a more detailed discussion of the risks and
uncertainties associated with the Company's business, including but not limited
to the risks and uncertainties associated with venture capital investing and
other significant factors that could affect the Company's actual results. Except
as otherwise required by Federal securities laws, Harris & Harris Group,
Inc., undertakes no obligation to update or revise these forward-looking
statements to reflect new events or uncertainties. The reference to the website
www.TinyTechVC.com has been provided as a convenience, and the information
contained on such website is not incorporated by reference into this press
release.