Harris & Harris Group Reports Net Asset Value of $2.26 Per Share as of March 31, 2003
Monday May 5, 12:12 pm ET
biz.yahoo.com
NEW YORK--(BUSINESS WIRE)--May 5, 2003--Harris & Harris
Group, Inc. announced today that its unaudited net asset
value and net asset value per share (NAV) at March 31,
2003, were $26,040,919 and $2.26, respectively.
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SUMMARY OF FINANCIAL RESULTS
March 31, December 31, March 31,
2003 2002 2002
(Unaudited) (Audited) (Unaudited)
Total Assets $35,958,424 $35,951,969 $35,005,570
Net Assets $26,040,919 $27,256,046 $23,297,836
Total Net Income Tax Liability $596,798 $1,527,000 $1,362,663
Accrued Profit Sharing $1,523 $15,233 $306,241
Net Asset Value per Share $2.26 $2.37 $2.63
Shares Outstanding 11,498,845 11,498,845 8,864,231
Harris & Harris Group is a Business Development Company
with 11,498,845 common shares outstanding.
Detailed information about Harris & Harris Group and its
holdings can be found on its website at www.TinyTechVC.com.
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 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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Contact:
Harris & Harris Group, New York
Charles E. Harris, 212/332-3606
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Source: Harris & Harris Group |
