<alert> big news out on pow STMP!! Stamps.com Added to the Russell 3000 Index and the Russell 2000 Index
12:52
/FROM PR NEWSWIRE LOS ANGELES 213-626-5500/
-- WITH PHOTO -- TO BUSINESS EDITOR:
Stamps.com Added to the Russell 3000 Index and the Russell 2000 Index
SANTA MONICA, Calif., July 20 /PRNewswire/ -- Stamps.com(TM)
(Nasdaq: STMP), the leading provider of Internet mailing and shipping
services, today announced its addition to the Russell 3000(R) and Russell
2000(R) Indices. Constructed by the Frank Russell Company, the indices are
reconstituted on June 30 of each year.
(Photo: newscom.com )
The Russell 3000 Index is comprised of the 3,000 largest U.S. companies
that are ranked based on total market capitalization. The Russell 2000 Index,
representing the 2,000 smallest stocks in the Russell 3000, is a leading
benchmark for the small cap market. According to the Frank Russell Company,
the stocks of the Russell 3000 make up approximately 98% of the investable
U.S. equity market, and more than $177 billion is invested in index funds
using its U.S. stock indices as their model.
"I am pleased with our inclusion in such a prestigious and successful peer
group," said John Payne, chairman and CEO, Stamps.com. "Execution and
performance in our early stages as a public company has provided us the market
capitalization for inclusion in this index at the first possible time after
our initial public offering."
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About Stamps.com
Stamps.com(TM) provides the easiest, smartest way to mail or ship letters,
packages or parcels anywhere, anytime. Stamps.com operates three business
units focused on providing valuable e-services that allow small businesses,
large corporations and e-commerce companies to control costs and efficiently
manage their mailing, shipping and returns operations. Its business is
anchored in key relationships with the U.S. Postal Service and United Parcel
Service (UPS) and other carriers, including FedEx, Airborne Express, DHL and
Yellow Freight. Stamps.com's subsidiary, EncrypTix Inc., leverages its highly
secure, patented technologies enabling companies to provide value-bearing
documents like tickets, coupons and certificates over the Internet to
consumers. Stamps.com International will extend the company's reach into
foreign markets. Visit www.stamps.com for more information.
<38> "Safe Harbor" Statement under the Private Securities Litigation Reform Act
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This release may contain forward-looking statements that involve
risks and uncertainties. Important factors, which could cause actual results
to differ materially from those in the forward-looking statements, are
detailed in filings with the Securities and Exchange Commission made from time
to time by Stamps.com, including its annual report on Form 10-K/A for the
fiscal year ended December 31, 1999 and its quarterly report on Form 10-Q for
the fiscal quarter ended March 31, 2000. Stamps.com undertakes no obligation
to release publicly any revisions to any forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Stamps.com, iShip, iReturn and the Stamps.com, iShip and iReturn logos are
trademarks of Stamps.com Inc. All other brands and names are property of
their respective owners.
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SOURCE Stamps.com
/CONTACT: investors, Ken McBride, Sr. Director of Finance,
310-581-7552,ir@stamps.com, or media, Brandee Barker, Director, Corporate
Communications,310-581-7548, pr@stamps.com, both of Stamps.com; or media, Kelly
Mullens ofFleishman Hillard, 213-489-8249, mullensk@fleishman.com, for
Stamps.com/
/Photo: NewsCom: newscom.com Archive:
photoarchive.ap.orgprn Photo Desk, 888-776-6555 or 201-369-3467/
/Web site: stamps.com |
