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Filed
Pursuant to Rule 497(i)
Registration
No. 333-138996
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PRESS
RELEASE
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FOR
IMMEDIATE RELEASE
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HARRIS
& HARRIS GROUP, INC.®
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MAY
15, 2007
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111
WEST 57th
STREET, SUITE 1100
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NEW
YORK, NEW YORK 10019
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CONTACT:
CHARLES E. HARRIS
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NASDAQ/NMS
SYMBOL: TINY
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TEL.
NO. (212) 582-0900
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HARRIS
& HARRIS GROUP CLARIFIES YESTERDAY'S
PRESS
RELEASE
Harris
& Harris Group, Inc., (the "Company") clarified yesterday's press release
regarding the effectiveness of its shelf registration statement to note that
the
Notice of Effectiveness was posted on the Securities & Exchange Commission
("SEC")'s web site before the opening of the stock market yesterday. This shelf
registration statement relating to the offer and sale from time-to-time of
up to
4,000,000 shares of the Company's common stock was originally filed with the
SEC
on November 29, 2006.
If
and
when the Company decides to do takedowns from this shelf registration, it will
file a prospectus supplement identifying any agents or underwriters involved
in
the sale of common stock and describing the method and terms of the particular
offering.
This
press release does not constitute an offer to sell or a solicitation of an
offer
to buy the securities referred to herein, nor shall there be any sale of these
securities in any state in which such an offer, solicitation or sale would
be
unlawful prior to registration or qualification under the securities laws of
any
such state.
Investors
are advised to carefully consider the investment objectives, risks and charges
and expenses of the Company before investing. The prospectus dated May 11,
2007,
contains, and any related prospectus supplement, when available, will contain
this and other information about the Company and should be read carefully before
investing. An offering may be made only by means of a prospectus and a related
prospectus supplement, copies of which may be obtained when available from
Harris & Harris Group, Inc., 111 West 57th
Street, Suite 1100, New York, NY 10019, at (212) 582-0900, or the underwriters
named in any prospectus supplement relating to the offering of securities
referred to herein.
Harris
& Harris Group is a publicly traded venture capital company that makes
initial investments exclusively in tiny technology, including nanotechnology,
microsystems and microelectromechanical systems (MEMS). The Company's last
33
initial private equity investments have been in tiny technology-enabled
companies. As of May 11, 2007, the Company had 21,341,029 shares of common
stock
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 Registration Statement on Form N-2 and Annual
Report on Form 10-K for the year ended December 31, 2006, 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. The reference to the website
www.TinyTechVC.com has been provided as a convenience, and the information
contained on such website is not incorporated by reference into this press
release.