Microtek Medical Holdings Added to Russell 2000 Index
June 28 2004 - 1:20PM
PR Newswire (US)
Microtek Medical Holdings Added to Russell 2000 Index COLUMBUS,
Miss., June 28 /PRNewswire-FirstCall/ -- Microtek Medical Holdings,
Inc. (NASDAQ:MTMD), a leading manufacturer and distributor of
specialty infection control products, today announced that its
stock has been added to the Russell 2000 Index. The index, compiled
by the Frank Russell Company, is a ranking of the smallest
two-thirds of the largest 3,000 U.S. stocks, as measured by market
capitalization. At the close of trading on June 24, 2004,
Microtek's market capitalization was approximately $214 million.
Dan R. Lee, Microtek's President and Chief Executive Officer, said,
"Being included in the Russell 2000 Index is another milestone for
Microtek and a reflection of the success of our long-term growth
strategies and our ongoing financial improvements. Inclusion in the
index will increase our visibility within the investment community
thereby introducing Microtek to a greater number of investors."
Membership in the Russell 2000 index is determined by market
capitalization rankings and a Russell Company "non-linear
probability" method determines growth and value characteristics.
Russell indices are widely used as benchmarks for evaluating
company performance in the U.S. equity market and the Russell 2000
index provides a comprehensive and unbiased barometer for small-cap
stocks. About Microtek Medical Holdings, Inc. The Company, a market
leader in the healthcare industry, develops, manufactures and sells
infection control products, fluid control products and safety
products to healthcare professionals for use in environments such
as operating rooms and outpatient surgical centers. DATASOURCE:
Microtek Medical Holdings, Inc. CONTACT: Dan R. Lee, President
& CEO, or Jerry Wilson, CFO, both of Microtek; or John Mills
for Microtek, +1-800-476-5973, or Web site:
http://www.microtekmed.com/
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