USA Technologies, Inc. Set to Join Russell Microcap Index
MALVERN, PA, June 23, 2011 -- USA Technologies, Inc. (NASDAQ: USAT), a leader in wireless, cashless transactions, associated financial/network services and energy management, is set to join the Russell Microcap® Index when Russell Investments reconstitutes its family of U.S. indexes on June 24, 2011, according to a preliminary list of additions posted June 10, 2011 onrussell.com.
Membership in the Russell Microcap Index remains in place for one year. The Russell Microcap Index measures the performance of the microcap segment of the U.S. Equity Market. Russell determines membership for its U.S. equity indexes by objective rules, such as market-capitalization rankings.
George Jensen, CEO of USA Technologies, Inc., commented, "Inclusion in the Russell Microcap Index is an important event for USA Technologies, and we believe exposes our stock to a wide audience of investment managers." Russell Indexes are widely used as benchmarks for both passive and active investment strategies, and $3.9 trillion in investment assets are currently benchmarked to them.
The Russell Indexes originated in the early 1980s from Russell's insights about investment management behavior, and were designed to produce indexes that objectively track performance and better reflect investment management behavior. More information on the Russell Microcap and other Russell Indexes, including daily returns, is available atrussell.com.
Forward-looking Statements:
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation the financial position, anticipated connections to our network, business strategy and the plans and objectives of the Company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business, financial market and economic conditions, including but not limited to, the ability of the Company to retain key customers from whom a significant portion of its revenues is derived; the ability of the Company to compete with its competitors to obtain market share; the ability of the Company to obtain widespread commercial acceptance of it products; and whether the Company's existing or anticipated customers purchase ePort devices in the future at levels currently anticipated by the Company. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, the Company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
News Source : USA Technologies, Inc. Set to Join Russell Microcap Index
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