PRGX Set to Join Russell 3000® Index
June 11 2018 - 3:00PM
PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery
Audit and Spend Analytics services, today announced it expects
to join the Russell 3000® Index, effective as of the opening of the
U.S. markets on Monday, June 25, 2018, based on a preliminary list
of additions to the index posted by FTSE Russell on Friday, June 8,
2018.
“On the heels of a very solid 2017 and a great start to 2018, we
see the addition to the Russell 3000 Index as validation that we
are making significant progress in our transformation journey,
delivering meaningful, sustainable and more predictable growth,”
said Ron Stewart, President and Chief Executive Officer of PRGX.
“The inclusion in the index marks a key milestone for the Company
and further evidence of the value we are creating for our
shareholders.”
The Company's addition to the Russell 3000 Index is part of FTSE
Russell’s annual index reconstitution process that is done to
reflect prior year changes in the ever-evolving global equity
markets. Membership in the Russell 3000 Index results in automatic
inclusion in the large-cap Russell 1000® Index or small-cap Russell
2000® Index, as well as appropriate growth and value style
indexes.
About PRGX
PRGX Global, Inc. is a global leader in Recovery Audit and
Spend Analytics services. With over 1,500 employees, the
Company serves clients in more than 30 countries and provides its
services to 75% of the top 20 global retailers and over 30% of the
top 50 companies in the Fortune 500. PRGX delivers more
than $1 billion in cash flow improvement for its clients
each year. The creator of the recovery audit industry more than 40
years ago, PRGX continues to innovate through technology and
expanded service offerings. In addition to Recovery Audit, PRGX
provides Contract Compliance, Spend Analytics and Supplier
Information Management services to improve clients' financial
performance and manage risk. For additional information on PRGX,
please visit www.prgx.com
Forward-Looking Statements
In addition to historical information, this press release
includes certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such
statements include both implied and express statements regarding
the Company's overall condition and growth prospects, the Company's
execution of its business strategy, the sustainability and
predictability of the Company's growth, and the Company’s addition
to the Russell 3000 Index. Such forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the Company to differ
materially from the historical results or from any results
expressed or implied by such forward-looking statements.
Risks that could affect the Company's future performance
include revenue that does not meet expectations or justify costs
incurred, the Company's ability to develop material sources of new
revenue in addition to revenue from its core recovery audit
services, changes in the market for the Company's services, the
Company's ability to retain and attract qualified personnel, the
Company's ability to integrate recent and future acquisitions,
uncertainty in the credit markets, the Company's ability to
maintain compliance with its financial covenants, client
bankruptcies, loss of major clients, and other risks generally
applicable to the Company's business. For a discussion of
other risk factors that may impact the Company's business, please
see the Company's filings with the Securities and Exchange
Commission. The Company disclaims any obligation or duty to
update or modify these forward-looking statements
This news release was distributed by
GlobeNewswire, www.globenewswire.com
CONTACT: PRGX Global, Inc.Ron Stewart, President &
CEO770.779.3900600 Galleria Parkway, Suite 100Atlanta, GA 30339
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