To: Wes Stevens who wrote (90432 ) 3/30/2000 8:37:00 AM From: marquis103 Respond to of 108040
HHGP & NANX. Saw several post earlier about NANX. One of HHGP's holdings. Russ Wednesday March 29, 3:29 pm Eastern Time Company Press Release Harris & Harris Group Notes Nanophase Technologies Corporation Announcement NEW YORK--(BUSINESS WIRE)--March 29, 2000--According to a press release of Nanophase Technologies Corporation (NASDAQ/NMS: NANX - news; www.nanophase.com), Nanophase announced that it has received an initial order for its NanoClad(TM) metal oxides for use in thermal spray coatings for applications on United States Naval vessels. The information contained in the Nanophase press release was not independently verified by Harris & Harris Group, which neither takes responsibility for its content nor for any actions that anyone may take in reaction to it. Harris & Harris Group, Inc. owns 672,916 shares of Nanophase common stock at an average cost of $1.73 per share. Harris & Harris Group valued its position in Nanophase at December 31, 1999, the last date on which Harris & Harris Group valued its holdings, at $2,952,419. Harris & Harris Group is a Business Development Company with 9,240,831 common shares 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 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 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., New York Charles E. Harris (212) 332-3606