IntriCon Added to Russell Microcap(R) Index
July 02 2008 - 9:00AM
Business Wire
IntriCon Corporation (NASDAQ: IIN), a designer, developer,
manufacturer and distributor of body-worn medical and electronics
devices, announced today that it has been added to the Russell
Microcap� Index. Russell Investments reconstituted its family of
U.S. indexes on June 27, 2008. 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
believe that inclusion in the new Russell Microcap Index recognizes
IntriCon�s solid performance as a company,� said Mark Gorder, chief
executive officer of IntriCon. �We�re leveraging our body-worn
device expertise to drive top- and bottom-line growth, and the
Russell Microcap Index is a great opportunity to enhance our
visibility among both current and prospective investors.� 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 $4.4 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 Index. About IntriCon
Corporation Headquartered in Arden Hills, Minn., IntriCon
Corporation designs, develops and manufactures miniature and
micro-miniature body-worn medical and electronics products. The
company is focused on three key markets: medical, hearing health,
and professional audio and communications. IntriCon has facilities
in the United States, Asia and Europe. The company�s common stock
trades under the symbol �IIN� on the NASDAQ Stock Market. For more
information about IntriCon, visit www.intricon.com. Forward-Looking
Statements Statements made in this release and in IntriCon�s other
public filings and releases that are not historical facts or that
include forward-looking terminology such as �may�, �will�,
�believe�, �expect�, �should�, �optimistic� or �continue� or the
negative thereof or other variations thereon are �forward-looking
statements� within the meaning of the Securities Exchange Act of
1934 as amended. These forward-looking statements include, without
limitation, prospects in the miniature body-worn device arena,
future growth and expansion, future financial condition and
performance, prospects and the positioning of IntriCon to compete
in chosen markets. These forward-looking statements may be affected
by known and unknown risks, uncertainties and other factors that
are beyond IntriCon�s control, and may cause IntriCon�s actual
results, performance or achievements to differ materially from the
results, performance and achievements expressed or implied in the
forward-looking statements. These risks, uncertainties and factors
include, without limitation, risks related to the Tibbetts
acquisition, including unanticipated liabilities and expenses, the
risk that IntriCon may not be able to achieve its long-term
strategy, weakening demand for products of the company due to
general economic conditions, possible non-performance of developing
technological products, the volume and timing of orders received by
the company, changes in the mix of products sold, competitive
pricing pressures, availability of electronic components for the
company�s products, ability to create and market products in a
timely manner, competition by competitors with more resources than
the company, foreign currency risks arising from the company�s
foreign operations and other risks detailed from time to time in
the company�s filings with the Securities and Exchange Commission,
including the Annual Report on Form 10-K for the year ended
December 31, 2007. The company disclaims any intent or obligation
to publicly update or revise any forward-looking statements,
regardless of whether new information becomes available, future
developments occur or otherwise.
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