LaBarge Set to Join Russell 3000 Index, Russell 2000 Index and
New Russell Microcap Index
ST. LOUIS, June 13 /PRNewswire-FirstCall/ -- LaBarge, Inc. (AMEX:LB) is set to
join the Russell 3000 Index, Russell 2000 Index, and the new Russell Microcap
Index when Russell Investment Group reconstitutes its family of U.S. indexes on
June 24, 2005. 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 recently posted a list of preliminary
additions to its indexes on http://www.russell.com/.
Membership in the Russell 3000, which remains in place for one year, means
automatic inclusion in the large-cap Russell 1000 or small-cap Russell 2000, as
well as the appropriate growth and style indexes. Russell determines membership
for its equity indexes primarily by objective, market capitalization rankings
and style attributes.
Annual reconstitution of Russell indexes captures the 3,000 largest U.S. stocks
as of the end of May, ranking them by total market capitalization to create the
Russell 3000. The largest 1,000 companies in the ranking comprise the Russell
1000 while the remaining 2,000 companies become the widely used Russell 2000.
The Russell Microcap Index, which debuts this year, will be comprised of the
smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next
1,000 companies, based on a ranking of all U.S. equities by market
capitalization. This new index offers managers and other investors a
comprehensive, unbiased barometer to compare their performance against the
genuine microcap marketplace of stocks.
"Inclusion in the Russell indexes is an important milestone for LaBarge. We are
gratified that our stock's strong performance has earned LaBarge a place among
U.S. companies with the highest market capitalization," said Chief Executive
Officer and President Craig LaBarge.
Russell, a global leader in multi-manager investment services, provides
investment products and services in more than 39 countries. Russell manages
more than $135 billion in assets and advises clients worldwide representing
$2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual
and is headquartered in Tacoma, Wash., with additional offices in New York,
Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more
information, go to http://www.russell.com/.
LaBarge, Inc. is a broad-based provider of electronics to technology-driven
companies in diverse markets. The Company provides its customers with
sophisticated electronic products through contract design and manufacturing
services. Headquartered in St. Louis, LaBarge has operations in Arkansas,
Missouri, Oklahoma, Pennsylvania and Texas. The Company's Web site may be
accessed at http://www.labarge.com/.
Statements contained in this release relating to LaBarge, Inc. that are not
historical facts are forward-looking statements within the meaning of the
federal securities laws. Matters subject to forward-looking statements are
subject to known and unknown risks and uncertainties, including economic,
competitive and other factors that may cause LaBarge or its industry's actual
results, levels of activity, performance and achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. Important factors that could cause LaBarge's actual results to differ
materially from those projected in, or inferred by, forward-looking statements
are (but are not necessarily limited to) the following: the impact of
increasing competition or deterioration of economic conditions in LaBarge's
markets; cutbacks in defense spending by the U.S. Government; loss of one or
more large customers; LaBarge's ability to replace completed and expired
contracts on a timely basis; the Company's ability to integrate recently
acquired businesses; the outcome of litigation the Company may be party to;
increases in the cost of raw materials, labor and other resources necessary to
operate LaBarge's business; the availability, amount, type and cost of
financing for LaBarge and any changes to that financing; and other factors
summarized in our reports filed from time to time with the Securities and
Exchange Commission. Given these uncertainties, undue reliance should not be
placed on the forward-looking statements. Unless otherwise required by law,
LaBarge disclaims any obligation to update any forward-looking statements or to
publicly announce any revisions thereto to reflect future events or
developments. DATASOURCE: LaBarge, Inc.
CONTACT: Jennifer Noonan, LaBarge, Inc., +1-314-997-0800, ext. 469, Web site: http://www.labarge.com/ http://www.russell.com/
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