Constellation 3D Added to Russell 3000(R)The Company Also Announces Additional Patents
NEW YORK, Jul 9, 2001 /PRNewswire via COMTEX/ -- Constellation 3D, Inc. ("C3D") (Nasdaq/NMS: CDDD), developer of Fluorescent Multilayer Discs (FMD) and Cards (FMC), today announced that the Company has been added to the Russell 3000(R) Index. Additionally, Constellation has recently filed for another 40 patents on various aspects of Fluorescent Multilayer technology.
The Russell 3000 U.S. equity index, developed by the Frank Russell Co., is rebalanced once a year and is intended to rank the 3,000 largest companies in the U.S. stock market by market capitalization. The newly rebalanced indexes went into effect on July 1, 2001.
Russell's benchmarks are widely used to evaluate investment managers due to its research driven investment approach. Currently there is more than $77 billion invested in index funds that attempt to mirror the performance of the Russell 3000.
Steve Haddad, Senior Vice President, Business Development and Marketing of Constellation 3D, stated, "The inclusion of Constellation 3D into the Russell 3000 should result in increased institutional visibility for the Company. Additionally, the Company's extensive patent portfolio gives Constellation virtual ownership of the rapidly developing Fluorescent Multilayer industry. The Company has what it feels are several important patents issued on this technology, and more than 120 patents issued or applied for.
Haddad also said that, "The Company continues to execute on demonstration plans and the development of industry partnerships on a worldwide basis."
Constellation 3D, Inc.
The Company is the worldwide leader in the development of high capacity Fluorescent Multilayer Disc and Card (FMD/C) technology. Constellation 3D holds or has made applications for over 120 worldwide patents in the field of optical data storage, and is supported by 65 scientists. Headquartered in New York City, the Company has additional offices and laboratories in Massachusetts, Texas, Israel and Russia. More information is available at www.c-3d.net .
Safe Harbor Statement
Statements contained in the news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements as "the Company's extensive patent portfolio gives Constellation virtual ownership of the rapidly developing Fluorescent Multilayer industry" and "The Company continues to execute on demonstration plans and the development of industry partnerships on a worldwide basis" are subject to risks and uncertainties including competition, ongoing discussions with product and equipment manufactures, and technological advances, and "Risk Factors" as stated in recent SEC filings, which may cause actual results to differ materially from expected results.
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SOURCE Constellation 3D, Inc.
CONTACT: John Ellis, VP Marketing, Constellation 3D, 978-371-7787, or
marketing@c-3d.net; or Investor-Broker inquiries, Bradley Meyer or Harvey
Goralnick, both of FOCUS Partners LLC, 212-752-9445, or investors@c-3d.net,
for Constellation 3D
URL: c-3d.net
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