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SAFLINK Corporation Slated to Join Russell 3000 Index; Company Expected to Join Listing after Index is Reconstituted June 30th
BELLEVUE, Wash.-SAFLINK® Corporation (Nasdaq:SFLK), a leading developer, marketer, and integrator of biometric security solutions, announced today that it is slated to join the Russell 3000® Index when the broad-market index is reconstituted June 30, according to a preliminary list of additions issued by Frank Russell Company.
Index membership will go into effect July 1 and will remain in place for one year. Membership in the Russell 3000 means automatic inclusion in either the large-cap Russell 1000® Index or small-cap Russell 2000® Index.
Membership in Russell's 21 U.S. equity indexes is determined primarily by market capitalization rankings and style attributes. Russell indexes are widely used by managers for index funds and as benchmarks for both passive and active investment strategies. About $250 billion is invested in index funds based on Russell's indexes and an additional $850 billion is benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.
Annual reconstitution of the 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 Index while the remaining 2,000 companies become the widely used Russell 2000 Index.
About Russell Russell manages $67 billion in assets and advises clients worldwide representing US$1.6 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 www.russell.com.About SAFLINK
SAFLINK Corporation brings "The Power of Biometric Authentication_" to workstations and enterprise networks through biometrics. The Company provides cost-effective multi-biometric software solutions to verify individual identity, protect intellectual property, secure information assets, and eliminate passwords. These solutions are designed to safeguard and simplify access to electronic systems and online services. For more information, please see the Company's website at www.saflink.com or call 800/762-9595.
NOTE: "SAFLINK" and "SAFsolution" are registered trademarks of SAFLINK Corporation. "The Power of Biometric Authentication" is a trademark of SAFLINK Corporation.