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Harris & Harris Group Sells Shares of Nanophase Technologies Corporation NEW YORK--(BUSINESS WIRE)--Aug. 1, 2001--Harris & Harris Group, Inc. announced today that it has sold all of its shares of common stock of publicly traded Nanophase Technologies Corporation (Nasdaq: NANX - news). As of June 30, 2001, Harris & Harris Group owned a total of 705,916 shares of NANX, or approximately 5.2 percent of the NANX shares outstanding, at a cost of $1,500,418. It has sold those shares for net proceeds of approximately $4,263,242, thus realizing a net long-term capital gain of approximately $2,762,824. Harris & Harris Group initially invested in Nanophase in 1994, when Nanophase was a privately held technology spinoff from Argonne National Laboratory. Nanophase is a nanotechnology company engaged in research and commercial production and sales of nanocrystalline materials. Harris & Harris Group remains intensely interested in the burgeoning field of nanotechnology. Currently, Harris & Harris Group is actively engaged in investment meetings, discussions and negotiations with several privately held, early-stage companies with proprietary nanotechnologies that are in various stages of commercialization of products for a variety of markets. Thus, Harris & Harris Group may eventually invest all or some portion of the proceeds of its sale of its shares of Nanophase in other nanotechnology companies. There can be no assurance however that Harris & Harris Group will be successful in investing any of the proceeds of this sale in other nanotechnology companies. Harris & Harris Group is a publicly traded venture capital company organized as a Business Development Company. Harris & Harris Group has with 9,064,231 common shares issued and outstanding. Detailed information about Harris & Harris Group and its holdings can also 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 of 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 |
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| aus der Diskussion: | Nanophase: Korrigierte Planzahlen |
| Autor (Datum des Eintrages): | panik (02.08.01 01:10:32) |
| Beitrag: | 6 von 27 (ID:4108197) |
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