Insignia Systems, Inc. Added to Russell Microcap® Index
MINNEAPOLIS -- July 1, 2014
Insignia Systems, Inc. (Nasdaq:ISIG) (“Insignia” or “the Company”) today
announced that it was added to the Russell Microcap® Index. Russell
Investments reconstituted its comprehensive set of U.S. and global equity
indexes on June 27, 2014.
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.
Insignia’s President and CEO Glen Dall, commented, “We are proud to be
included to the Russell Microcap Index. This is a positive development for
Insignia as it further elevates our profile among our shareholders."
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 Index. Russell indexes are
widely used by investment managers and institutional investors for index funds
and as benchmarks for 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 $5.2 trillion in assets are benchmarked to the Russell Indexes.
Total returns data for the Russell Microcap and other Russell Indexes is
About Insignia Systems, Inc.
Insignia Systems, Inc. is a developer and marketer of in-store advertising
products, programs and services to retailers and consumer goods manufacturers.
Through its Point-Of-Purchase Services (POPS) business, Insignia provides
at-shelf advertising products in over 13,000 chain retail supermarkets, over
2,000 mass merchants and over 7,000 dollar stores. Through the nationwide POPS
network, over 200 major consumer goods manufacturers, including General Mills,
Kellogg Company, Kraft Foods and Nestlé, have taken their brand messages to
the point-of-purchase. For additional information, contact (888) 474-7677, or
visit the Insignia website at www.insigniasystems.com. Insignia Systems is
included in the Russell Microcap® Index.
Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995
Statements in this press release which are not statements of historical or
current facts are considered forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995, as amended. The words “believes,” “expects,” “anticipates,” “seeks” and
similar expressions identify forward-looking statements. Readers are cautioned
not to place undue reliance on these or any forward-looking statements, which
speak only as of the date of this press release. Statements made in this press
release regarding, for instance: current expectations as to future financial
performance); our ability to continue revenue growth, cost improvements and to
maintain profitability; current sales trends with consumer packaged goods
manufacturers; the expected addition of retailers and the ability to increase
revenue; continued success in our business relationships; our ability to
develop and successfully implement new products to diversify our business and
to increase our retailer access for these products, are forward-looking
statements. These forward-looking statements are based on current information,
which we have assessed and which by its nature is dynamic and subject to rapid
and even abrupt changes. As such, actual results may differ materially from
the results or performance expressed or implied by such forward-looking
statements. Forward-looking statements involve known and unknown risks,
uncertainties and other factors, including: (i) the risk that management may
be unable to fully or successfully implement its business plan to achieve and
maintain profitability in the future; (ii) the risk that the Company will not
be able to expand core product offerings or to develop and implement new
product offerings in a successful manner, including our ability to gain
retailer acceptance of new product offerings; (iii) the unexpected loss of a
major consumer packaged goods manufacturer relationship or retailer agreement
or termination of our relationship with News America; (iv) prevailing market
conditions in the in-store advertising industry, including intense competition
for agreements with retailers and consumer packaged goods manufacturers and
the effect of any delayed or cancelled customer programs; (v) potentially
incorrect assumptions by management with respect to the financial effect of
cost containment or reduction initiatives, current strategic decisions,
current sales trends for fiscal year 2014; and (vi) other economic, business,
market, financial, competitive and/or regulatory factors affecting the
Company’s business generally, including those set forth in our Annual Report
on Form 10-K for the year ended December 31, 2013 and additional risks, if
any, identified in our Quarterly Reports on Form 10-Q and our Current Reports
on Forms 8-K filed with the SEC. Such forward-looking statements should be
read in conjunction with the Company's filings with the SEC. The Company
assumes no responsibility to update the forward-looking statements contained
in this press release or the reasons why actual results would differ from
those anticipated in any such forward-looking statement, other than as
required by law.
Insignia Systems, Inc.
John Gonsior, 763-392-6200
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