RF Industries, Ltd. (NASDAQ: RFIL) announced that it has joined
the Russell Microcap® Index according to the list posted July 1, 2013.
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.
“We are very pleased to have been selected for inclusion on the Russell
Microcap® Index. During the past year we have achieved significant
revenue growth and increased profitability as we’ve successfully
implemented our long term strategy to grow our position as a leading
provider of full service, custom interconnect solutions to the wireless
infrastructure industry. We believe our addition to the Russell
Microcap® Index is recognition of our efforts to date and validation of
our capabilities,” commented Howard Hill, Chief Executive Officer of RF
Industries.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. Russell calculates more than 700,000 benchmarks
daily covering approximately 98 percent of the investable market
globally, 80 countries and more than 10,000 securities. Approximately
$4.1 trillion in assets are benchmarked to the Russell Indexes.
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.
Total returns data for the Russell Microcap and other Russell Indexes is
available at http://www.russell.com/Indexes/performance/default.asp.
About RF Industries
RF Industries is a leading designer and manufacturer of innovative
interconnect products and complex cable assemblies across diversified,
high growth markets including wireless carriers & infrastructure,
medical and industrial. The Company’s products include RF connectors,
coaxial and custom cable assemblies, fiber optic cables, wiring
harnesses, medical wiring as well as mobile public safety communications
systems. The Company’s leading edge connectivity solutions are used
throughout the growing and evolving wireless infrastructure. The Company
has reported 19 consecutive years of profitability and is headquartered
in San Diego, California with operations in Las Vegas, Nevada and
Yaphank, New York. Please visit the RF Industries website at www.rfindustries.com.
Forward-Looking Statements
This press release contains forward-looking statements with respect
to future events which are subject to a number of factors that could
cause actual results to differ materially. Factors that could
cause or contribute to such differences include, but are not limited to:
changes in the telecommunications industry; the operations of the Cables
Unlimited division which was acquired in June 2011; and the Company’s
reliance on certain distributors for a significant portion of
anticipated revenues. Further discussion of these and other
potential risk factors may be found in the Company’s public filings with
the Securities and Exchange Commission (www.sec.gov)
including its Form 10-K. All forward-looking statements are based
upon information available to the Company on the date they are published
and the Company undertakes no obligation to publicly update or revise
any forward-looking statements to reflect events or new information
after the date of this release.
Copyright Business Wire 2013