News
MTS Medication Technologies, Inc. set to join Russell Microcap Index
ST. PETERSBURG, FL - June 21, 2007 - MTS Medication Technologies, (AMEX:MPP), an international provider of automated packaging systems and consumable supplies designed to improve adherence to medication regimens for senior citizens and chronically ill patients, today announced it will join the Russell MicrocapTM Index when Russell Investment Group reconstitutes its family of U.S. indexes on June 22, 2007 according to a preliminary list of additions posted on www.russell.com.
Membership in the Russell Microcap Index, which remains in place for one year, means 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.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. 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.
Todd E. Siegel, President and Chief Executive Officer, said, “We are very pleased to become part of the Russell Microcap Index. We believe that our financial performance and the continued successful execution of our business strategy have allowed us to qualify for membership in one of the industries leading benchmarks.”