Harris & Harris Group Reports Financial Statements as of September 30, 2010

NEW YORK, Nov. 8, 2010 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (Nasdaq:TINY), reported today that, as of September 30, 2010, its net asset value and net asset value per share (NAV) were $139,280,510 and $4.51, respectively. 

SUMMARY OF FINANCIAL POSITION
                                                                                                      
                              Sept. 30, 2010      June 30, 2010     December 31, 2009     Sept. 30, 2009
                                    (Unaudited)       (Unaudited)           (Audited)         (Unaudited)
                                                                                                      
           Total Assets            $141,630,221      $141,459,436          $136,109,101     $139,136,433 
                                                                                                      
             Net Assets            $139,280,510      $139,182,848          $134,158,258       $111,532,206
                                                                                                      
                    NAV                   $4.51             $4.51                 $4.35              $4.30
                                                                                                      
     Shares Outstanding              30,870,205        30,864,899            30,859,593         25,966,758

Harris & Harris Group is a publicly traded venture capital company that invests in nanotechnology and microsystems. Detailed information about Harris & Harris Group and its holdings, can be found on its website at www.HHVC.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 for the fiscal year ended December 31, 2009, as well as subsequent filings, 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, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference to the website www.HHVC.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

CONTACT:  Harris & Harris Group
          Douglas W. Jamison
          (212) 582-0900

Released November 8, 2010