RF Industries to Join Russell Microcap Index
SAN DIEGO -- July 2, 2013
RF Industries, Ltd. (NASDAQ: RFIL) announced that it has joined the Russell
Microcap® Index according to the list posted July 1, 2013.
Membership in the Russell Microcap Index, which remains in place for one year,
means automatic inclusion in the appropriate growth and value style indexes.
Russell determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
“We are very pleased to have been selected for inclusion on the Russell
Microcap® Index. During the past year we have achieved significant revenue
growth and increased profitability as we’ve successfully implemented our long
term strategy to grow our position as a leading provider of full service,
custom interconnect solutions to the wireless infrastructure industry. We
believe our addition to the Russell Microcap® Index is recognition of our
efforts to date and validation of our capabilities,” commented Howard Hill,
Chief Executive Officer of RF Industries.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. Russell calculates more than 700,000 benchmarks daily
covering approximately 98 percent of the investable market globally, 80
countries and more than 10,000 securities. Approximately $4.1 trillion in
assets are benchmarked to the Russell Indexes.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market capitalization to
create the Russell 3000^® Index and Russell Microcap. These investment tools
originated from Russell's multi-manager investment business in the early 1980s
when the company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers.
Total returns data for the Russell Microcap and other Russell Indexes is
available at http://www.russell.com/Indexes/performance/default.asp.
About RF Industries
RF Industries is a leading designer and manufacturer of innovative
interconnect products and complex cable assemblies across diversified, high
growth markets including wireless carriers & infrastructure, medical and
industrial.The Company’s products include RF connectors, coaxial and custom
cable assemblies, fiber optic cables, wiring harnesses, medical wiring as well
as mobile public safety communications systems. The Company’s leading edge
connectivity solutions are used throughout the growing and evolving wireless
infrastructure. The Company has reported 19 consecutive years of profitability
and is headquartered in San Diego, California with operations in Las Vegas,
Nevada and Yaphank, New York.Please visit the RF Industries website at
This press release contains forward-looking statements with respect to future
events which are subject to a number of factors that could cause actual
results to differ materially. Factors that could cause or contribute to such
differences include, but are not limited to: changes in the telecommunications
industry; the operations of the Cables Unlimited division which was acquired
in June 2011; and the Company’s reliance on certain distributors for a
significant portion of anticipated revenues. Further discussion of these and
other potential risk factors may be found in the Company’s public filings with
the Securities and Exchange Commission (www.sec.gov) including its Form 10-K.
All forward-looking statements are based upon information available to the
Company on the date they are published and the Company undertakes no
obligation to publicly update or revise any forward-looking statements to
reflect events or new information after the date of this release.
Institutional Marketing Services (IMS)
John Nesbett/Jennifer Belodeau, 203-972-9200
RF Industries, Ltd.
James Doss, 858-549-6340
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