Cynosure, Inc. Set to Join Russell 3000(R) Index
June 14 2007 - 9:30AM
PR Newswire (US)
WESTFORD, Mass., June 14 /PRNewswire-FirstCall/ -- Cynosure, Inc.
(NASDAQ:CYNO), a leading developer and manufacturer of a broad
array of light-based aesthetic treatment systems, today announced
that it has been selected to join the Russell 3000(R) Index,
according to a preliminary list of additions posted Tuesday on
http://www.russell.com/. Final index membership is scheduled to
take effect on Friday, June 22, 2007 and to remain in place for the
ensuing 12 months. "We are pleased with our pending inclusion in
the Russell 3000 Index, which we believe will enhance our
visibility among institutional investors," said President and Chief
Executive Officer Michael Davin. The Russell 3000 Index measures
the performance of the 3,000 largest U.S. companies based on total
market capitalization, which represents approximately 98% of the
investable U.S. equity market. Russell indexes are widely used by
investment managers and institutional investors for index funds and
as benchmarks for both passive and active investment strategies.
Investment managers who oversee these funds purchase shares of
member stocks according to that company's weighting in the
particular index. Annual reconstitution of the Russell indexes
captures the 3,000 largest U.S. publicly traded stocks as of the
end of May, ranking them by total market capitalization to create
the Russell 3000. The largest 1,000 companies in the ranking
comprise the Russell 1000 while the remaining 2,000 companies
become the widely used Russell 2000. About Cynosure, Inc. Cynosure,
Inc. develops and markets aesthetic treatment systems that are used
by physicians and other practitioners to perform non-invasive and
minimally invasive procedures to remove hair, treat vascular
lesions, rejuvenate skin through the treatment of shallow vascular
and pigmented lesions, laser lipolysis and temporarily reduce the
appearance of cellulite. Cynosure's products include a broad range
of laser and other light-based energy sources, including
Alexandrite, pulsed dye, Nd:YAG and diode lasers, as well as
intense pulsed light. Cynosure was founded in 1991. For corporate
or product information, contact Cynosure at 800-886-2966, or visit
http://www.cynosure.com/. Contact Scott Solomon Vice President
Sharon Merrill Associates, Inc. 617-542-5300 DATASOURCE: Cynosure,
Inc. CONTACT: Scott Solomon , Vice President of Sharon Merrill
Associates, Inc., +1-617-542-5300, Web site:
http://www.cynosurelaser.com/
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