Paysign, Inc. Expects to Join Russell 3000® Index
June 08 2023 - 8:05AM
Business Wire
Included in Preliminary List of Additions
Paysign, Inc. (NASDAQ: PAYS), a leading provider of
prepaid card programs, comprehensive patient affordability
offerings, digital banking services and integrated payment
processing, today announced it expects to join the broad-market
Russell 3000® Index at the conclusion of the 2023 Russell indexes
annual reconstitution, effective after the U.S. market opens on
June 26, based upon the preliminary list of additions announced by
FTSE Russell on May 19.
Annual Russell indexes reconstitution captures the 4,000 largest
U.S. stocks as of April 28, ranking them by total market
capitalization. Membership in the U.S. all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Paysign’s CEO, Mark Newcomer, stated, "We are thrilled to see
our organization included in the preliminary list for the 2023
annual reconstitution of the Russell 3000 Index. This milestone is
a testament to the hard work and dedication of our exceptional team
at Paysign. It reflects our successful strategic vision and our
unwavering commitment to offering innovative payment solutions to
our customers. We remain steadfast in our dedication to driving
sustainable growth and maximizing shareholder value."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s U.S. indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally. FTSE Russell index
expertise and products are used extensively by institutional and
retail investors globally. Approximately $20.1 trillion is
currently benchmarked to FTSE Russell indexes. For over 30 years,
leading asset owners, asset managers, ETF providers and investment
banks have chosen FTSE Russell indexes to benchmark their
investment performance and create ETFs, structured products and
index-based derivatives. A core set of universal principles guides
FTSE Russell index design and management: a transparent rules-based
methodology is informed by independent committees of leading market
participants. FTSE Russell is focused on applying the highest
industry standards in index design and governance and embraces the
IOSCO Principles. FTSE Russell is also focused on index innovation
and customer partnerships as it seeks to enhance the breadth, depth
and reach of its offering. FTSE Russell is wholly owned by London
Stock Exchange Group. For more information, visit
www.ftserussell.com.
Forward-Looking Statements
Certain statements in this press release may be considered
forward-looking statements under federal securities laws, and the
company intends that such forward-looking statements be subject to
the safe harbor created thereby. All statements, besides statements
of fact, included in this press release are forward-looking. Such
forward-looking statements include, among others, the final
inclusion of the company in the Russell 3000®. We caution that
these statements are qualified by important risks, uncertainties
and other factors that could cause actual results to differ
materially from those reflected by such forward-looking statements.
Such factors include, among others, the risk that FTSE Russell will
remove the company from the 2023 reconstitution list of additions
as well as the risk factors set forth in our Form 10-K for the year
ended December 31, 2022. Except to the extent required by federal
securities laws, the company undertakes no obligation to publicly
update or revise any statements in this release, whether as a
result of new information, future events or otherwise.
About Paysign, Inc.
Paysign, Inc. is a leading provider of prepaid card programs,
comprehensive patient affordability offerings, digital banking
services and integrated payment processing designed for businesses,
consumers and government institutions. Founded in 2001 and
headquartered in southern Nevada, the company creates customized,
innovative payment solutions for clients across all industries,
including pharmaceutical, healthcare, hospitality, and retail.
Built on the foundation of a reliable payments platform, Paysign’s
end-to-end technologies securely enable digital payout solutions
and facilitate the distribution of funds for donor compensation,
copay assistance, customer incentives, employee rewards, gift
cards, travel expenses and per diem, as well as reimbursements and
rebates. Paysign’s solutions lower administrative costs, streamline
operations, increase revenues, accelerate product adoption and
improve customer, employee and channel partner loyalty. To learn
more, visit paysign.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230608005181/en/
Investor Relations ir@paysign.com 888.522.4853
paysign.com/investors
Media Relations Alicia Ches 702.749.7257 pr@paysign.com
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