Sanders Morris Harris Group Announces Write Off Of $3 M Loan<@SM>To Ronco Corp.

DOW JONES NEWSWIRES

Sanders Morris Harris Group Inc. (SMHG) said that it will write off a $3million loan that it made to Ronco Corp.

The firm will take a charge of around 7 cents a share in its second quarterearnings from the write-off.

Sanders Morris Harris Group said that it made the subordinated loan in 2006 inconjunction with another lender's senior debt facility to help Ronco toresuscitate its business.

-Sarah Turner; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires 08-07-07 0602ET Copyright (c) 2007 Dow Jones & Company, Inc.

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