Valley National Gases Joins New Russell Microcap Index
2005年7月21日 - 10:30PM
PRニュース・ワイアー (英語)
Valley National Gases Joins New Russell Microcap Index WASHINGTON,
Pa., July 21 /PRNewswire-FirstCall/ -- Valley National Gases
Incorporated (AMEX:VLG) announced today that it joined the Russell
Microcap Index. The newly formed Russell Microcap Index, which
became effective July 1st, is comprised of the smallest 1,000
securities in the small cap Russell 2000 index, along with the next
smallest 1,000 companies, based upon a ranking of all U.S.
companies by market capitalization. The index offers portfolio
managers and other investors a comprehensive, unbiased barometer to
compare their portfolios performance against a standard for
microcap stocks. Russell recently published the complete index
membership list at http://www.russell.com/US/Indexes. "We are
pleased with our inclusion in this new Index" commented Valley
National Gases' Vice Chairman and Chief Executive Officer, William
A. Indelicato, "Our inclusion should facilitate greater interest in
our stock at the institutional level." Russell indices are widely
used by investment managers and institutional investors for index
funds and as benchmarks for both active and passive investment
strategies. Companies on the list represent over $2.5 trillion in
assets. Investment managers who oversee funds often purchase shares
of member stocks according to a company's weighting in a particular
index. Valley National Gases, with headquarters in Washington,
Pennsylvania is a leading packager and distributor of industrial,
medical and specialty gases, welding equipment and supplies,
propane and fire protection equipment. Valley National Gases
operates sixty-seven locations in twelve states, with nine
production and distribution centers in the eastern and midwestern
United States. DATASOURCE: Valley National Gases Incorporated
CONTACT: James P. Hart of Valley National Gases, +1-724-228-3000,
or Web site: http://www.vngas.com/
http://www.russell.com/US/Indexes
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