POWAY, Calif., June 25 /PRNewswire-FirstCall/ -- Digirad
Corporation (Nasdaq: DRAD) today announced that it will join the
Russell Microcap® Index when Russell Investments reconstitutes its
family of U.S. indexes after the close of the U.S. markets today,
according to a preliminary list of additions posted June 11th on www.russell.com.
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.
Digirad CEO Todd Clyde stated,
"Being included in this leading benchmark index will increase
visibility of Digirad to a broader base of institutional investors
– including those that seek growth and value opportunities.
This is an important milestone for us as we continue to
execute in a very dynamic marketplace and evolve our strategic
business plan to take advantage of emerging opportunities in
imaging and medical technology. This listing will help to
enhance long-term shareholder value – a top priority for our
management and Board of Directors."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading
$3.9 trillion in assets currently are
benchmarked to them.
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 1980's 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 Russell
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell has
$179 billion in assets under
management as of March 31 2010, and
serves individual, institutional and advisor clients in more than
40 countries. Founded in 1936, Russell is a subsidiary of The
Northwestern Mutual Life Insurance Company.
About Digirad Corporation
Digirad is a leading provider of diagnostic imaging products,
and personnel and equipment leasing services. For more information,
please visit www.digirad.com. Digirad®, Digirad Imaging Solutions®,
and Cardius® are registered trademarks of Digirad Corporation.
Forward-Looking Statements
This press release contains statements that are
forward-looking statements as defined within the Private Securities
Litigation Reform Act of 1995. These include statements regarding
our ability to deliver value to customers, our expanded product and
service offerings, including, the addition of the first
large-field-of-view, solid state portable camera to the hospital
marketplace, and our ability to generate positive cash flow in
excess of $2.0 million in 2010. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
statements made, including the risks associated with changes in
business conditions, technology, customers' business conditions,
reimbursement, radiopharmaceutical shortages, economic outlook,
operational policy or structure, acceptance and use of Digirad's
camera systems and services, reliability, recalls, and other risks
detailed in Digirad's filings with the U.S. Securities and Exchange
Commission, including Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, Current Reports on Form 8-K and other reports.
Readers are cautioned to not place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
All forward-looking statements are qualified in their entirety by
this cautionary statement, and Digirad undertakes no obligation to
revise or update the forward-looking statements contained
herein.
Investor Contact:
Matt Clawson
Allen & Caron
949-474-4300
matt@allencaron.com
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Company Contact:
Richard Slansky, CFO
858-726-1600
ir@digirad.com
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SOURCE Digirad Corporation