WebMediaBrands Added to Russell Microcap Index
June 29 2011 - 7:00AM
Business Wire
WebMediaBrands Inc. (Nasdaq: WEBM) today announced that it was
added to the Russell Microcap® Index when Russell Investments
reconstituted its family of U.S. indexes on June 24. New membership
lists for Russell Indexes are available at
http://www.russell.com/indexes/tools-resources/reconstitution.asp.
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. Russell indexes are widely used by
investment managers and institutional investors for index funds and
as benchmarks for both passive and active investment
strategies.
Alan M. Meckler, CEO of WebMediaBrands Inc., stated, “Inclusion
in the Russell Microcap Index is an important event for
WebMediaBrands as it exposes our stock to a wider audience of
investors.”
About WebMediaBrands Inc.
WebMediaBrands Inc. (Nasdaq: WEBM)
(http://www.webmediabrands.com), headquartered in New York, NY, is
a leading Internet media company that provides content, education,
and career services to media and creative professionals through a
portfolio of vertical online properties, communities, and trade
shows. The Company's online business includes: (i) mediabistro.com,
a leading blog network providing content, education, community, and
career resources (including the industry's leading online job
board) about major media industry verticals including new media,
social media, Facebook, TV news, sports news, advertising, public
relations, publishing, design, mobile, and the Semantic Web; (ii)
InsideNetwork.com, a leading network of online properties dedicated
to providing original market research, data services, news, events,
and job listings on the Facebook platform, social gaming, and
mobile applications ecosystems; and (iii) AllCreativeWorld.com, a
leading network of online properties providing content, education,
community, career, and other resources for creative and design
professionals. The Company's online business also includes
community, membership and e-commerce offerings including a
freelance listing service, a marketplace for designing and
purchasing logos and premium membership services. The Company's
trade show and educational offerings include conferences, online
and in-person courses, and video subscription libraries on topics
covered by the Company's online business.
View all WebMediaBrands press releases:
http://www.webmediabrands.com/corporate/press.html
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