NEWS RELEASE
Shareholders of Harris & Harris Group, Inc. may be interested in reading the article on Optiva by Michael V. Copeland entitled "An eye for a dye," on page 60 of the March, 2003 issue of Red Herring. Harris & Harris Group invested $500,000 in Optiva in June, 2002 and then invested another $750,000 in the second closing of the $30 million total Series C round in December, 2002. Optiva is developing and commercializing a new class of nanomaterials for advanced optical applications, initially for the flat panel display industry. Harris & Harris Group is a publicly traded venture capital company. The Company now makes initial investments exclusively in tiny-technology enabled companies, and its last nine initial private equity investments have been in such companies. Harris & Harris Group, Inc. is a Business Development Company with 11,498,845 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 press release may contain statements of a forward-looking nature relating to future events. Statements contained in this press release that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions for the Private Securities Litigation Reform Act of 1995. 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 and recent Prospectus 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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