Harris & Harris Group Reports Net Asset Value of $2.63 Per Share as of March 31, 2002
biz.yahoo.com
Tuesday April 23, 1:31 pm Eastern Time
Press Release
SOURCE: Harris & Harris Group, Inc.
NEW YORK--(BUSINESS WIRE)--April 23, 2002--Harris & Harris
Group, Inc. announced today that its unaudited net asset
value and net asset value per share (NAV) at March 31, 2002
were $23,297,836 and $2.63, respectively.
SUMMARY OF FINANCIAL RESULTS
March 31, December 31, March 31,
2002 2001 2001
(Unaudited) (Audited) (Unaudited)
Total Assets $35,005,570 $39,682,367 $30,814,330
Net Assets $23,297,836 $24,334,770 $28,036,135
Total Income Tax Liability $1,362,663 $1,619,538 $1,364,470
Accrued Profit Sharing $306,241 $178,282 $544,386
Net Asset Value per Share $2.63 $2.75 $3.09
Shares Outstanding 8,864,231 8,864,231 9,064,231
Harris & Harris Group is a Business Development Compan
with 8,864,231 common shares issued and outstanding.
Detailed information about Harris & Harris Group and its
holdings can be found on its website at www.hhgp.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 of 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 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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Contact:
Harris & Harris Group, Inc., New York |
