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Harris & Harris Group, Inc., (Nasdaq:TINY), reported today that, as of December 31, 2008, its net asset value and net asset value per share were $109,531,113 and $4.24, respectively.
The Company's annual report on Form 10-K may be accessed at ir.tinytechvc.com/secfiling.cfmfilingID=1144204-09-14031.
SUMMARY OF FINANCIAL RESULTS ---------------------------- Dec. 31, 2008 Sept. 30, 2008 Dec. 31, 2007 (Audited) (Unaudited) (Audited) Total Assets $111,627,601 $123,076,500 $142,893,332 Net Assets $109,531,113 $121,113,660 $138,363,344 Net Asset Value per Share $ 4.24 $ 4.68 $ 5.93 Shares Outstanding 25,859,573 25,859,573 23,314,573This 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 year ended December 31, 2008, as well as subsequent SEC 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.
About Harris & Harris Group, Inc.
Harris & Harris Group is a publicly traded venture capital company that invests in nanotechnology and microsystems. 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.
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DOUGLAS W. JAMISON
TEL. NO. (212) 582-0900
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