Glori Energy Set to Join Russell 2000 and 3000 Indexes
26 Junio 2014 - 8:15AM
Glori Energy Inc. (Nasdaq:GLRI) ("Glori"), an energy technology
company, today announced that it is set to join the small-cap
Russell 2000 Index, the broad-market Russell 3000 Index, and the
Russell Global and Russell Micro-Cap Indexes when Russell
Investments reconstitutes its comprehensive set of U.S. and global
equity indexes on June 27, 2014, according to a preliminary list of
additions posted on the company's website.
Stuart Page, CEO of Glori Energy, said: "Glori is pleased to be
included in the Russell Indexes as we continue to focus on
acquiring oil producing assets that are a fit for our AERO
technology. We are excited about the increased visibility this
membership provides as we execute our growth strategy."
Annual reconstitution of Russell's U.S. indexes captures the
4,000 largest U.S. stocks as of the end of May, ranking them by
total market capitalization. A one-year membership in the Russell
3000 means automatic inclusion in the small-cap Russell 2000 Index
as well as the appropriate growth and value style indexes. Russell
determines membership for its equity indexes primarily by
objective, market-capitalization rankings and style attributes.
ABOUT GLORI ENERGY INC.
Glori Energy Inc. (Nasdaq:GLRI) is a Houston-based energy
technology company known for its proprietary AEROTM System, a
highly efficient, biotechnology process for increasing oil recovery
from existing reservoirs. Only one-third of all oil discovered in a
typical reservoir is recoverable using conventional technologies;
the rest remains trapped. Glori's AERO technology recovers trapped
oil by stimulating a reservoir's native microorganisms to
sustainably increase the ultimate incremental recovery. Glori
applies its technology to fields the company acquires and
redevelops onshore in the U.S., and also provides its AERO System
as a service to third party E&P companies. For more
information, visit www.GloriEnergy.com.
ABOUT RUSSELL INDEXES
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $5.2 trillion in assets
are benchmarked to the Russell Indexes. Russell calculates more
than 700,000 benchmarks daily covering approximately 98 percent of
the investable market globally, more than 80 countries and 10,000
securities. These investment tools originated from Russell's
multi-manager investment business in the early 1980s when the
company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers. Total
returns data for the Russell 3000 and other Russell Indexes is
available at http://www.russell.com/Indexes/.
FORWARD LOOKING STATEMENTS
Any statements contained herein which are not statements of
historical fact may be deemed to be forward-looking statements,
including, without limitation, statements identified by or
containing words like "believes," "expects," "anticipates,"
"intends," "estimates," "projects," "potential," "target," "goal,"
"plans," "objective," "should", or similar expressions. All
statements by us regarding our possible or assumed future results
of our business, financial condition, liquidity, results of
operations, plans and objectives and similar matters are
forward-looking statements. Glori gives no assurances that the
assumptions upon which such forward-looking statements are based
will prove correct. Forward-looking statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions (many of which are beyond our control), and are based
on information currently available to us. Actual results may differ
materially from those expressed herein due to many factors,
including, without limitation: the risk that any projections,
including earnings, revenues, expenses, margins, or any other
financial expectations are not realized; competition and
competitive factors in the markets in which Glori operates; the
expected cost of recovering oil using the AERO System, demand for
Glori's AERO System and expectations regarding future projects;
adaptability of the AERO System and development of additional
capabilities that will expand the types of oil fields to which
Glori can apply its technology; plans to acquire and develop
additional oil fields and the availability of debt and equity
financing to fund any such acquisitions; the percentage of the
world's reservoirs that are suitable for the AERO System; the
advantages of the AERO System compared to other enhanced oil
recovery methods; and Glori's ability to develop and maintain
positive relationships with its customers and prospective
customers. Although Glori believes that the expectations reflected
in such forward looking statements are reasonable, it can give no
assurances that such expectations will prove to be correct. These
risks are more fully discussed in Glori's filings with the
Securities and Exchange Commission. Glori undertakes no obligation
to update any forward-looking statements contained herein to
reflect events or circumstances, which arise after the date of this
document except as required by law.
CONTACT: Media Contact
Meredith Frazier
BIGfish Communications
(513) 402-8833
Glori@BIGfishMarket.com
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