Glowpoint Added to Russell Microcap Index
DENVER, CO, June 30, 2014 – Glowpoint, Inc. (NYSE MKT: GLOW), a leading provider of video collaboration services and network solutions, announced today that the Company was added to the Russell Microcap® Index effective at the close of the market on June 27, 2014, when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes.
Each June, Russell Investments completely realigns its family of global equity indexes to reflect market changes in the past year. This year’s rebalance will impact approximately $5.2 trillion in assets benchmarked to and nearly $800 billion in assets invested in institutional and retail investment products based on 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 a family of indexes, some of which include the Russell 3000® Index, the Russell 2000® Index and Russell MicrocapIndex. The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market, and consists of the smallest 1,000 securities in the small-cap Russell 2000 Index, plus the next 1,000 smallest eligible securities by market capitalization.
Glowpoint, Inc. (NYSE MKT: GLOW) provides video collaboration, network, and support services to large enterprises and mid-sized companies to support their unified communications (UC) strategies and business goals. More than 1,000 organizations in 96 countries rely on our unmatched experience, business-class support and cloud-based services to collaborate with colleagues, business partners, and customers more effectively. To learn more please visit www.glowpoint.com.
VP, Product Marketing