Harris & Harris Group Reports Financial Statements as of March 31, 2011

NEW YORK, May 10, 2011 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (Nasdaq:TINY), reported today that, as of March 31, 2011, its net asset value and net asset value per share were $146,632,745 and $4.73, respectively.

 
                                                             SUMMARY OF FINANCIAL POSITION
                                                                                      
                                                                                      
                                  March 31, 2011     December 31, 2010     March 31, 2010
                                     (Unaudited)             (Audited)        (Unaudited)
                                                                                      
                  Total Assets       $150,174,275          $149,289,168       $138,757,450
                    Net Assets       $146,632,745          $146,853,912       $136,360,282
     Net Asset Value per Share              $4.73                 $4.76              $4.42
            Shares Outstanding         30,997,601            30,878,164         30,862,246
                                                                                      

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 year ended December 31, 2010, as well as subsequent SEC 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, 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.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: Douglas W. Jamison
         Tel. No. (212) 582-0900

Released May 10, 2011