MessageMedia Announces the Company's Addition to the Russell 3000 US Equity Index
BOULDER, Colo.--(BUSINESS WIRE)--July 9, 1999--MessageMedia, Inc. (NASDAQ:MESG), a leading provider of e-mail-based customer relationship management and direct marketing services, announced today that the company has been selected by Frank Russell Company to be added to its Russell 3000G Index.
The Russell 3000G Index, which, according to Frank Russell Company, represents approximately 98% of the investable U.S. equity market, measures the performance of the 3,000 largest U.S. companies based on total market capitalization. At each annual reconstitution period, on May 31, the Russell 3000G Index ranks the US common stocks from largest to smallest market capitalization to identify additions and deletions.
''Becoming a part of the Russell 3000G Index is a clear indication of the growth MessageMedia has demonstrated,'' commented Mary Beth Loesch, vice president of corporate development for MessageMedia. ''Over the past year, MessageMedia has gained key customers and strategic partners in addition to building an exceptional management team. All of this has fueled market acceptance of our services.''
As of June 30, MessageMedia, with a market capitalization in excess of $825 million, ranked near the median range of the Russell 3000G Index.
About Russell 3000G Index Membership
Russell 3000G Index membership is determined by ranking the U.S. common stocks from largest to smallest market capitalization at each annual reconstitution period, i.e., May 31. The top 3,000 stocks become the Russell 3000G. The Russell 3000G Index excludes stocks trading below $1.00, pink sheet and bulletin board stocks, closed-end mutual fund, limited partnerships, royalty trusts, etc. and non-U.S. domiciled stocks, foreign stocks and ADRs. Shares outstanding are adjusted for cross ownership and privately held shares to reflect shares available for trading. Stocks deleted between reconstitution dates are not replaced. Spin-offs are the only additions made between reconstitution dates. Dividends are reinvested on the ex-date.
About MessageMedia Inc.
MessageMedia (NASDAQ: MESG - news) is a leading provider of e-mail-based customer relationship management and direct marketing services. The Company offers a comprehensive suite of outsource messaging services for information delivery, permission-based direct marketing and ongoing customer communications using industry standard Internet protocols. MessageMedia's customer portfolio includes clients from the financial services, publishing, direct marketing, retailing and electronic commerce industries. Clients include E*TRADE, Reader's Digest, GeoCities, Intuit, CMP Media, Yahoo!, Barclays Bank and Bertelsmann.
SOFTBANK and its affiliates own approximately 49% of the outstanding common stock of MessageMedia Inc. Pequot Capital Management, a Connecticut-based research-intensive investment firm with more than $5 billion in assets under management, is also a major investor in MessageMedia.
''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act: With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties. These risk factors include, but are not limited to, the integration of a new senior management team, MessageMedia's limited operating history, the integration of recent acquisitions, risks associated with pending and future acquisitions, the anticipated fluctuations in operating results, the uncertain acceptance of new services being offered, and undeveloped and rapidly changing market and other factors detailed in MessageMedia's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1998 and its most recent Quarterly Report on Form 10-Q. All companies and product names are trademarks of their respective owners. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MessageMedia undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Note to Editors: The asterisk between the ''E'' & ''TRADE'' in the sixth graph may not transmit properly into some systems.
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Contact:
MessageMedia Inc.
Beth Mayfield, 303/381-7500
investor@messagemedia.com
or
Edelman Public Relations Worldwide
Renee Schwager, 312/297-7430
renee_schwager@edelman.com
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