Communications Systems, Inc. Added to Russell 3000 Index
29 Junho 2009 - 5:22PM
PR Newswire (US)
MINNETONKA, Minn., June 29 /PRNewswire-FirstCall/ -- Communications
Systems, Inc. (NASDAQ:JCS) has been added to the broad-market
Russell 3000 Index in the annual reconstitution by Russell
Investments of its comprehensive set of U.S. and global equity
indexes. See http://www.russell.com/. 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.
Membership in the Russell 3000, which remains in place for one
year, means automatic inclusion in the small-cap Russell 2000 Index
and inclusion in other Russell indexes, including appropriate
growth and value style indexes. Russell determines membership for
its equity indexes primarily by objective, market-capitalization
rankings and style attributes. Russell indexes are widely used by
investment managers and institutional investors for index funds and
as benchmarks for both passive and active investment strategies.
Approximately $4 trillion in assets currently are benchmarked in
the Russell indexes. Total returns data for the Russell 3000 and
other Russell Indexes is available at
http://www.russell.com/Indexes/performance/default.asp. "We are
pleased to be added to the Russell 3000 Index," stated Mr. Jeffrey
K. Berg. "The Russell indexes are broadly recognized as key tools
for investors to track market performance and trends. We believe
that inclusion in the Russell 3000 will result in increased
visibility for Communications Systems, Inc. within the investment
community, as well as significant stock ownership by index funds."
About Communications Systems, Inc. CSI provides physical
connectivity infrastructure and services for cost-effective
broadband solutions and is a leading supplier of voice grade
connecting devices and wiring systems. CSI serves the broadband
market as the world's leading supplier of media conversion
technology, which permits networks to deploy fiber optic technology
while retaining the copper-based infrastructure already embedded in
the network. CSI also supplies copper wire and fiber optic
structured wiring systems for broadband networks and line filters
for digital subscriber line ("DSL") service. CSI also provides
network design, training and management services. 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 $136
billion in assets under management as of March 31, 2009, 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. Cautionary Statements:
Communications Systems, Inc. has no ability to control and gives no
assurances as to whether inclusion in the Russell 3000 or other
Russell indexes will have any effect on the volume, liquidity,
price or other trading characteristics of the Company's common
stock, or whether Communications Systems, Inc will continue to be
included within the Russell indexes for any period of time. The
standards for inclusion in any of the Russell indexes are
determined by Russell Investments, are outside of the Company's
control, and are subject to change. From time to time, in reports
filed with the Securities and Exchange Commission, in press
releases, and in other communications to shareholders or the
investing public, the Company may make forward-looking statements
concerning possible or anticipated future financial performance,
business activities, plans, pending claims, investigations or
litigation which are typically preceded by the words "believes",
"expects", "anticipates", "intends" or similar expressions. For
such forward-looking statements, the Company claims the protection
of the safe harbor for forward-looking statements contained in
federal securities laws. Shareholders and the investing public
should understand that such forward looking statements are subject
to risks and uncertainties which could cause actual performance,
activities or plans to differ significantly from those indicated in
the forward-looking statements. DATASOURCE: Communications Systems,
Inc. CONTACT: Jeffrey K. Berg, President and Chief Executive
Officer, or David T. McGraw, Vice President - Finance & Chief
Financial Officer, both of Communications Systems, Inc.,
+1-612-996-1674 Web Site: http://www.commsystems.com/
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