MCLEAN, Va., June 18, 2014 /PRNewswire/ --- WidePoint
Corporation (NYSE Mkt: WYY) a leading provider of Managed Mobility
Services (MMS) featuring Cybersecurity and Telecommunications
Lifecycle Management (TLM) solutions, announced it is set to join
the Russell Microcap® Index when Russell
Investments reconstitutes its comprehensive set of U.S. and global
equity indexes on June 27, 2014
according to a preliminary list of additions posted June 13 on www.russell.com/indexes.
Membership in the Russell Microcap Index results in 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.
Steve Komar, CEO of WidePoint
stated, "Our inclusion in the Russell Microcap Index demonstrates
the progress we have made in repositioning the company for growth
over the last year. As we continue to execute on our growth
strategy, we believe our Russell membership will be a valuable tool
to help raise our profile in the financial community and broaden
our shareholder base."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
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 $5.2
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 Index. 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/data/US_Equity/Russell_US_Index_returns.asp.
About Russell
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offers actively managed multi-asset
portfolios and services that include advice, investments and
implementation. Russell stands with institutional investors,
financial advisors and individuals working with their
advisors—using the firm's core capabilities that extend across
capital market insights, manager research, portfolio construction,
portfolio implementation and indexes to help each achieve their
desired investment outcomes.
Russell has more than $259 billion
in assets under management (as of 3/31/2014) and works with over
2,500 institutional clients, independent distribution partners and
individual investors globally. As a consultant to some of the
largest pools of capital in the world, Russell has $2.4 trillion in assets under advisement (as of
6/30/2013). It has four decades of experience researching and
selecting investment managers and meets annually with more than
2,200 managers around the world. Russell traded more than
$1.6 trillion in 2013 through its
implementation services business. Russell also calculates
approximately 700,000 benchmarks daily covering 98% of the
investable market globally, including more than 80 countries and
more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked (as of
12/31/2013) to the Russell Indexes, which have provided investors
with 30 years of smarter beta.
About WidePoint
WidePoint (NYSE Mkt: WYY) is a leading provider of secure,
cloud-delivered, enterprise-wide information technology-based
solutions that can enable enterprises and agencies to deploy fully
compliant IT services in accordance with government-mandated
regulations and advanced system requirements. WidePoint has several
major government and commercial contracts. For more
information, visit www.widepoint.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This press release may contain forward-looking
information within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended (the Exchange Act), including all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of the company, its
directors or its officers with respect to, among other things: (i)
the company's financing plans; (ii) trends affecting the company's
financial condition or results of operations; (iii) the company's
growth strategy and operating strategy; (iv) the company's ability
to generate revenue under the blanket purchase agreement with the
Department of Homeland Security; and (v) the risk factors disclosed
in the Company's periodic reports filed with the SEC. The words
"may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend" and similar expressions and variations thereof
are intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors including the risk factors disclosed in the company's Forms
10-K and 10-Q filed with the SEC.
For More
Information:
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James T. McCubbin,
EVP and CFO
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Brett Maas or David
Fore
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WidePoint
Corporation
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Hayden IR
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7926 Jones Branch
Drive, Suite 520
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(646)
536-7331
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McLean, VA
22102
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brett@haydenir.com
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(703)
349-2577
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jmccubbin@widepoint.com
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SOURCE WidePoint Corporation