ENGLEWOOD, Colo., July 10 /PRNewswire/ -- TAVA Technologies (Nasdaq: TAVA) a global supplier of integrated manufacturing systems, today announced that it has been selected as a member of the Russell 2000 Index. The Russell indices allow investors to track current and historical market performance by specific market segment (large cap/small cap) or investment style (growth/value). Analysts say there is about $8 billion in Russell 2000 funds, plus another $5 billion that indirectly track the index by being tied to the Russell 3000, which includes the Russell 2000.
Doug Kelsall, TAVA Technologies CFO said, "The majority of U.S. small cap investment managers rely on the Russell 2000 index as their primary performance benchmark our inclusion in the Russell 2000
should serve to further broaden the company's shareholder base."
The Russell 2000 Index is compiled by the Frank Russell Company, a leading asset consulting and investment management firm that provides investment advice, analytical tools and funds to institutional and individual investors in more than 25 countries.
Statements made in this Press Release that are not historical or current facts are "forward looking statements" made pursuant to the safe harbor provisions of federal securities laws. Forward-looking
statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from
those presently anticipated or projected. Such factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, failure to integrate operations of recently acquired subsidiaries and failure to capitalize upon access of new clientele. Specific risks and uncertainties which may affect forward-looking statements about the Company's Plant Y2K One(TM)business and prospects include the possibility that a competitor will develop a more comprehensive or less expensive Y2K solution, and delays in market awareness of Tava and its product and service solutions. These factors and others are discussed in the "Management's Discussion and Analysis" section of the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 1997, to
which reference should be made.
SOURCE TAVA Technologies |
