GlowPoint Set to Join the New Russell Microcap Index
21 Junio 2005 - 8:00AM
Business Wire
Glowpoint, Inc., (NASDAQ: GLOW), the world's leading broadcast
quality IP-based video communications service provider, has been
selected to join the new Russell Microcap(TM) Index when Russell
Investment Group reconstitutes its family of U.S. indexes on June
24, 2005. Russell recently posted a preliminary membership list at
www.russell.com/US/Indexes. The Russell Microcap Index, which will
be comprised of the smallest 1,000 securities in the small-cap
Russell 2000(R) Index plus the next 1,000 companies, is based on a
ranking of all U.S. equities by market capitalization. This new
index offers managers and other investors a comprehensive, unbiased
barometer to compare their performance against the genuine microcap
marketplace of stocks "Coverage on the Russell Microcap Index is
recognition of our results to strengthen and grow our company,"
said David Trachtenberg, president and CEO of GlowPoint. "Our
mission is to make IP-video an integral communications tool,
providing anytime, anywhere solutions to our customers and
increased shareholder value to our investors. Our high profile
partnerships, industry leading services, intellectual property and
improved operational metrics are all working towards these goals."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. More than $2.5 trillion
in assets currently are benchmarked to them. Investment managers
who oversee these funds purchase shares of member stocks according
to that company's weighting in the particular index. Companies
slated for the Russell Microcap were ranked as of May 31 by total
market capitalization and weighted based on free-float adjustment,
an integral aspect of Russell index methodology. Free-float
adjustment means stocks are weighted by their available market
capitalization which is calculated by multiplying the primary
closing price by the available shares. About GlowPoint Glowpoint,
Inc. (NASDAQ: GLOW) is the world's leading broadcast quality,
IP-based video communications service provider. GlowPoint operates
a video communications service featuring broadcast quality images
with telephone-like reliability, features and ease-of-use and is a
member of the Cisco Powered Network Program and COVAD Partner
Program. The GlowPoint network spans three continents and carries
on average over 20,000 video calls per month worldwide. Since the
network was introduced in 2000, GlowPoint has carried over 23
million IP video minutes. GlowPoint is headquartered in Hillside,
New Jersey. To learn more about GlowPoint, visit us at
www.glowpoint.com. About Russell Russell, a global leader in
multi-manager investment services, provides investment products and
services in more than 39 countries. Russell manages more than $135
billion in assets and advises clients worldwide representing $2.3
trillion. Founded in 1936, Russell is a subsidiary of Northwestern
Mutual and is headquartered in Tacoma, Wash., with additional
offices in New York, Toronto, London, Paris, Singapore, Sydney,
Auckland and Tokyo.
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