GlobalSCAPE® Included in Russell Microcap Index
28 Junho 2010 - 8:00AM
Business Wire
GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading developer of
secure information exchange solutions, announced today that it has
joined the Russell Microcap® Index. The company became a member of
the Russell Investments family of U.S. indexes upon their official
reconstitution, made effective as of the market open today.
Membership in the Russell Microcap Index, which remains in place
for one year, means automatic inclusion in the appropriate growth
and value style indexes. Russell determines membership for its
equity indexes primarily by objective, market-capitalization
rankings and style attributes.
“Inclusion in the Russell Index could benefit our shareholders
by increasing the visibility and awareness of GlobalSCAPE with
institutional investors and the broader investment community,” said
Jim Morris, GlobalSCAPE president and CEO. “We also may see a
longer-term increase in typical trading volume when investment
funds that track the index add GlobalSCAPE shares to their
portfolios.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $3.9
trillion in assets currently are benchmarked to them.
Annual reconstitution of Russell Indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total
market capitalization to create the Russell 3000 Index and Russell
Microcap. 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.
GlobalSCAPE develops and distributes software and hosted
solutions, including services, for business customers to securely
exchange information over the Internet and within their networks.
The company's products are used worldwide across a wide range of
industries, including government organizations, and in some of the
largest corporations in the world, including 95 of the Fortune 100.
GlobalSCAPE solutions facilitate delivery of critical information
such as financial data, medical records, customer files and similar
data documents while supporting information protection approaches
to meet privacy, security, and compliance requirements.
About Russell:
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell has $179
billion in assets under management as of March 31 2010, and serves
individual, institutional and advisor clients in more than 40
countries. Founded in 1936, Russell is a subsidiary of The
Northwestern Mutual Life Insurance Company.
About GlobalSCAPE
GlobalSCAPE, Inc. (NYSE Amex: GSB), headquartered in San
Antonio, TX, is a leading provider of secure information exchange
solutions. Since the release of CuteFTP in 1996, GlobalSCAPE's
solutions have continued to evolve to meet the business and
technology needs of an increasingly interconnected global
marketplace. Serving a customer base that spans more than 150
countries and includes the majority of Fortune 100 companies,
GlobalSCAPE’s primary focus is providing customers with intuitive
and efficient managed file transfer (MFT) solutions while also
ensuring end-to-end security. For more information, visit
www.globalscape.com, Blog, or Twitter.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The words
"would," "exceed," "should," "anticipates," "believe," "steady,"
"dramatic," and variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company’s current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company’s Annual Report on Form 10-K for the 2009
calendar year, filed with the Securities and Exchange Commission on
March 30, 2010.
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