Chyron Added to the Russell Microcap Index
18 6월 2008 - 9:00PM
Business Wire
Chyron (AMEX: CGS), a leading provider of digital video graphics
solutions for On Air, Online, Out of Home and Mobile applications,
today announced that it has been selected for inclusion in the
Russell Microcap Index, according to the preliminary list of
additions issued by the Russell Investment Group on June 13, 2008.
The Company will officially be a member of the index when it is
reconstituted on June 30, 2008. Annual reconstitution of Russell�s
U.S. indices captures the 4,000 largest U.S. stocks as of the end
of May, ranking them by total market capitalization. Russell
determines membership for its equity indices primarily by objective
market-capitalization rankings and style attributes. Michael
Wellesley-Wesley, Chyron President and CEO commented, �The addition
to the Russell Microcap Index is a significant achievement for
Chyron, and is representative of the growth we have experienced
over the past several years. We believe that the exposure gained
from our listing will boost our ongoing efforts to bring the Chyron
story to a wider audience of institutional investors.� Russell
indices 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 $4.4 trillion in
assets currently are benchmarked to them. 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. In addition, Chyron was included in Fortune
Small Business� (�FSB�) list of the 100 fastest growing companies
in the United States. Chyron ranked number 58 overall and number 3
in New York. The editors of FSB analyze companies with annual
revenues of less than $200 million and share price of greater than
$1, on a yearly basis, and rank them based on earnings per share,
revenues and stock performance over the past three years. "To be
recognized by Fortune as one of the fastest growing small companies
in America is an honor," Wellesley-Wesley stated. �We have worked
diligently in recent years to establish Chyron as the leading brand
in digital graphics solutions both On Air and Online, and this
recognition exemplifies the progress we have made to date in
expanding our brand across these content creation industries.�
About Chyron Chyron continues to define the world of digital and
broadcast graphics with Web, Mobile, HD, 3D, and newsroom
integration solutions. Winner of numerous awards, including two
Emmys, Chyron has proven itself as a leader in the industry with
sophisticated graphics offerings that include Online, Chyron's AXIS
Graphics online content creation software, HD/SD switchable on-air
graphics systems, clip servers, channel branding and telestration
systems, graphic asset management and XMP integration solutions,
and the award-winning WAPSTR mobile phone newsgathering
application, as well as digital signage. For more information about
Chyron products and services please visit the Company's websites at
www.chyron.com, www.chytv.com and www.axisgraphics.tv (AMEX: CGS).
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