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GuruNet Joins New Russell Microcap(TM) Index NEW YORK, July 5 /PRNewswire-FirstCall/ -- GuruNet Corporation (AMEX: GRU), creators of the Answers.com answer-based search engine, today announced that it has joined the new Russell Microcap(TM) Index. Russell recently posted its membership list at http://www.russell.com/US/Indexes. The Russell Microcap(TM) Index comprises the smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next 1,000 companies, based on a ranking of all U.S. equities by market capitalization. This new index offers managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine micro marketplace of stocks. "We're honored to be added to the new Russell index," said Bob Rosenschein, Chairman and CEO of GuruNet. "We hope that coverage on this index will contribute to our visibility among the investment community, and support our efforts to build shareholder value." Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index. Companies slated for the Russell Microcap were ranked as of May 31 by total market capitalization and weighted based on free-float adjustment, an integral aspect of Russell index methodology. Free-float adjustment means stocks are weighted by their available market capitalization which is calculated by multiplying the primary closing price by the available shares. About Russell Russell, a global leader in multi-manager investment services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. About GuruNet GuruNet Corporation (AMEX:GRU) operates Answers.com, a leading reference engine, http://www.answers.com/. Founded in 1999 by Bob Rosenschein, GuruNet Corporation (http://www.gurunet.com/) provides patented technology and software tools to access concise information on demand. For additional information, visit http://www.gurunet.com/. ANSWERS.COM and GURUNET are trademarks of GuruNet Corporation. All other marks belong to their respective owners. GuruNet Contact: Jay Bailey Director of Communications +1-888-248-9613 GuruNet Investor Relations: BPC Financial Marketing John Baldissera 800-368-1217 DATASOURCE: GuruNet Corporation CONTACT: GuruNet Contact: Jay Bailey, Director of Communications, +1-888-248-9613 GuruNet Investor Relations: BPC Financial Marketing, John Baldissera, 800-368-1217

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