Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017
January 09 2017 - 5:46PM
Harris & Harris Group, Inc. (NASDAQ:TINY) (the "Company")
reminds shareholders and other interested parties that it will be
hosting a shareholder update call tomorrow, Tuesday, January 10,
2017, at 2:00 p.m. Eastern Time. Management of the Company
will update participants in the call on the proposed restructuring
discussed in a press release by the Company on December 20, 2016,
which can be accessed at the following link:
http://www.hhvc.com/news-details/?RELEASEID=1005092&Title=Harris%20%26%20Harris%20Group%20Announces%20a%20Proposed%20Strategic%20Restructuring.
The dial-in information for the call is noted
below:
U.S. Domestic Dial-In Number: (641) 715-0632
International Dial-In Numbers: please see
http://www.hhvc.com/wp-content/uploads/2016/12/International-Dial-In-Numbers.pdf
Passcode: 415049
Webcast:
join.freeconferencecall.com/daniel8166
Please access the call at least 15 minutes prior
to the scheduled start time in order to download any audio software
that may be required. A replay of the webcast will be
accessible through the Company's website for seven days following
the live event.
Presentation materials are available on the
Company's website at ir.hhvc.com/events.cfm.
Harris & Harris Group is a publicly
traded, internally managed business development company.
Detailed information about Harris & Harris
Group and its holdings can be found on its website
at www.HHVC.com, on Facebook
at www.facebook.com/harrisharrisvc and by following on
Twitter @harrisandharrisgroup.
Additional Information Regarding Special
Meeting Solicitation The Company will file a definitive
proxy statement and related materials with the Securities and
Exchange Commission ("SEC") pertaining to a Special Meeting of
Shareholders (the "Special Meeting"). SHAREHOLDERS ARE URGED TO
READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE
SPECIAL MEETING THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY
BECOME AVAILABLE BECAUSE THESE MATERIALS WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE COMPANY AND THE SPECIAL MEETING.
Shareholders will be able to obtain a free copy of that definitive
proxy statement and other materials (when available) that the
Company files with the SEC at the SEC's website at
http://www.sec.gov. That definitive proxy statement and these
other materials will also be available free of charge by directing
a request to Harris & Harris Group, Inc., Attn: Investor
Relations, 1450 Broadway, 24th Floor, New York, NY 10018, or from
the Company at www.hhvc.com.
The Company, its directors and its named
executive officers may be deemed to be participants in the
solicitation of proxies from the Company's shareholders in
connection with the Special Meeting. Shareholders may obtain
information regarding the names, affiliations and interests of such
individuals in the Company's proxy statement filed on April 20,
2016, for the 2016 Annual Meeting of Shareholders. To the
extent that holdings of the Company's securities on the part of
those individuals have changed since the date of that proxy
statement, those changes have been reflected on Statements of
Changes in Ownership on Forms 3 or 4 filed with the SEC.
These documents can be obtained free of charge from the sources
indicated above. More current information regarding the
interests of the directors and named executive officers of the
Company will be contained in the definitive proxy statement
referred to in the preceding paragraph.
Cautionary Statement Regarding
Forward-Looking StatementsCertain statements in this
communication regarding the proposed restructuring of the Company,
including the formation of 180 Degree Capital Corp ("180") and
HALE.life Corp. ("HALE"), including statements regarding the
expected timetable for completing the referenced transactions,
benefits of the transaction, statements regarding 180 or HALE,
their respective investment plans, policies and expected results
and any other statements regarding the Company's, 180's or HALE's
expectations, beliefs, plans, objectives, financial conditions,
assumptions or future events or performance that are not historical
facts are “forward-looking” statements within the meaning of the
federal securities laws. These statements are often, but not
always, made through the use of words or phrases such as “believe,”
“expect,” “anticipate,” “should,” “planned,” “will,” “may,”
“intend,” “estimated,” “aim,” “target,” “opportunity,” “tentative,”
“positioning,” “designed,” “create,” “seek,” “would,” “could”,
“potential,” “continue,” “ongoing,” “upside,” “increases,” and
“potential,” and similar expressions. All such forward-looking
statements involve estimates and assumptions that are subject to
risks, uncertainties and other factors that could cause actual
results to differ materially from the results expressed in the
statements. Among the key factors that could cause actual results
to differ materially from those projected in the forward-looking
statements are the following: the timing to consummate the proposed
transactions; the risk that a condition to closing the proposed
transactions may not be satisfied; the failure to receive, on a
timely basis or otherwise, the required approvals by the Company's
stockholders, governmental or regulatory agencies and third
parties; each of 180's and HALE's respective ability to achieve the
synergies, recurring income and value creation contemplated by the
proposed transactions; uncertainty as to the prospects,
distributions and performance of each of 180 and HALE as separate
entities; the ability of each company to retain its senior
executives and maintain relationships with business partners
following consummation of the restructuring; the impact of
legislative, regulatory and competitive changes; and the diversion
of management time on transaction-related issues. There can be no
assurance that the restructuring and the transactions contemplated
thereby will in fact be consummated. Additional information
concerning these and other factors can be found in the Company’s
registration statement and proxy statement/prospectus (when filed)
as well as in the Company's other filings with the SEC. The Company
assumes no obligation to, and expressly disclaim any duty to,
update any forward-looking statements contained in this document or
to conform prior statements to actual results or revised
expectations except as required by law. Readers are cautioned not
to place undue reliance on these forward-looking statements that
speak only as of the date hereof.
Press Contact:
Daniel B. Wolfe
Harris & Harris Group, Inc.
212-582-0900
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