Harris & Harris Group Reports Net Asset Value Of $2.22 Per Share As Of June 30, 2003
NEW YORK--(BUSINESS WIRE)--July 22, 2003--Harris & Harris Group, Inc. (NASDAQ/NMS SYMBOL: TINY) announced today that its unaudited net asset value and net asset value per share (NAV) at June 30, 2003, were $25,496,210 and $2.22, respectively.
SUMMARY OF FINANCIAL RESULTS
June 30, 2003 March 31, 2003 December 31, 2002
(Unaudited) (Unaudited) (Audited)
Total Assets $35,903,212 $35,958,424 $35,951,969
Net Assets $25,496,210 $26,040,919 $27,256,046
Total Net Income
Tax Liability $591,055 $596,798 $1,527,000
Accrued Profit Sharing $1,523 $1,523 $15,233
Net Asset Value per Share $2.22 $2.26 $2.37
Shares Outstanding 11,498,845 11,498,845 11,498,845
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.
CONTACT:
Harris & Harris Group, Inc.
Charles E. Harris, 212-332-3606
SOURCE: Harris & Harris Group, Inc.
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07/22/2003 13:17 EASTERN |
