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NEWS RELEASE
Today, Small Times Magazine released its third annual performance review of the people, products and companies in micro and nanotechnology. The Awards are based on accomplishments between September 1, 2003, and October 1, 2004. Molecular Imprints, Inc., won the Best of Small Tech Award: Company of the Year. Harris & Harris Group invested $2,000,000 in privately held Molecular Imprints on March 31, 2004. In addition, Norman Schumaker, Molecular Imprints' CEO, was named a runner-up for Best of Small Tech Award: Business Leader of the Year. Thomas Rueckes of Nantero, Inc., was named a runner-up for Best of Small Tech Award: Innovator of the Year. Harris & Harris Group has invested a total of $813,000 in privately held Nantero, in two rounds of financing, the first in 2001, and the second, a follow-on round, in 2003. In 2003, Harris & Harris Group's CEO had been named a runner-up for Best of Small Tech Award: Business Leader of the Year. In 2002, Harris & Harris Group had been named a runner-up for Best of Small Tech Award: Company of the Year. Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 18 initial private equity investments have been in tiny-technology enabled companies. The Company has 17,248,845 common shares outstanding. Detailed information about Harris & Harris Group, Inc. and its holdings can be found on its website at http://www.TinyTechVC.com. This news 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 news release. Please see the Company's Annual Report on Form 10-K 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. |
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