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Non-Tech : Harris & Harris Group (TINY) -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (83)	5/4/2003 11:00:09 AM
From: Glenn Petersen	Respond to of 142

Harris & Harris Group Notes Financing and Two New Directors for Experion Systems NEW YORK--(BUSINESS WIRE)--May 2, 2003--Harris & Harris Group, Inc. noted today that its portfolio company, Experion Systems, Inc. (www.experionsystems.com) has received full subscription to a $2.5 million Series C equity financing. Following the completion of this round, in which Harris & Harris Group has previously disclosed its participation, Harris & Harris Group now owns a fully diluted 12.44 percent interest in Experion Systems, in which Harris & Harris Group was a seed investor in 2000. Experion Systems also announced that Alex d'Arbeloff and Tom Sargent have joined its board of directors. Mr. d'Arbeloff co-founded Teradyne, Inc. and served as its President and CEO from 1971 to 1997. He has served as Chairman of MIT since 1997 and has been active in the venture community since the late 1970s. Mr. Sargent has been President and CEO of First Tech Credit Union, with $1.2 billion in assets, since 1985. Experion Systems provides automated advice technology used by personnel of retail financial institutions to identify the best financial products for their customers. The system also provides a direct-to-customer self-service internet capability. The technology emulates the dialogue between a customer and a financial product expert, providing product selection advice on complex financial decisions. Experion Systems offers advisory solutions for a broad portfolio of loan and deposit products. Currently, all nine of Experion Systems' customers are credit unions. 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 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., New York Charles E. Harris, 212/332-3606 SOURCE: Harris & Harris Group, Inc. Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com 05/02/2003 09:40 EASTERN

To: Dan P who wrote (83)	5/4/2003 11:02:43 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 142

Harris & Harris Group Invests in Nanosys, Inc. NEW YORK--(BUSINESS WIRE)--April 24, 2003--Harris & Harris Group, Inc. announced today that it has invested $1,500,000 as part of the $30 million first closing of a convertible preferred financing of privately held Nanosys, Inc. (www.nanosysinc.com). Shareholders of Harris & Harris Group may be interested in reading the Nanosys press release dated April 24, 2003 for more details. This $1,500,000 investment in Nanosys is Harris & Harris Group's largest single investment to date in tiny technology. Nanosys, Inc. is focused on the development of nanotechnology-enabled systems incorporating novel and patent-protected zero and one-dimensional nanometer-scale materials such as nanowires, nanotubes and nanodots (quantum dots). These systems exploit and utilize the unique electronic, magnetic, optical and integration properties associated with materials having nanometer-scale dimensions. According to Nanosys, "Devices constructed with these systems will revolutionize a broad array of industries from chemical sensing to nanoelectronics to optoelectronics." ARCH Venture Partners, CW Group, Polaris Venture Partners, Venrock Associates, Prospect Venture Partners and Alexandria Real Estate Equities all returned from the first round to invest in this second-round financing. In addition to Harris & Harris Group, new investors in this second round include CDIB BioScience Venture Management, Chiao Tung Bank, China Development Industrial Bank, Lux Capital, Quanta Computer and SAIC Venture Capital Corporation. Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny technology, including microsystems, microelectromechanical systems (MEMS) and nanotechnology. The Company's last 10 initial private equity investments have been in tiny-technology enabled 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 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., New York Charles E. Harris, 212/332-3606 SOURCE: Harris & Harris Group, Inc. Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com 04/24/2003 10:55 EASTERN