Re: NTWK recognition?
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Jun 16, 2011 08:51AM
Edit this title from the Fast Facts Section
This latest PR, combined with the IR Counsel PR should give NetSol another little run, imo.
" CALABASAS, Calif., June 16, 2011 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced that it will join the Russell Microcap® Index when Russell Investments reconstitutes its family of U.S. indexes on June 24, 2011, according to a preliminary list of additions posted on www.russell.com/indexes.
"Inclusion in the Russell Microcap Index provides an opportunity for NetSol to introduce our company and establish relationships with investment managers and institutional investors who follow the index," said Najeeb Ghauri, chairman and CEO of NetSol.
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market, which is comprised of approximately 1000 securities in the small-cap Russell 2000® Index. 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 $3.9 trillion in institutional assets currently are benchmarked to them.
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..."
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