Top Image Systems Set to Join Russell Microcap Index
June 13 2016 - 9:20AM
Top Image Systems, Ltd. (NASDAQ:TISA), a global
innovator of intelligent content processing solutions, today
announced it is set to join the Russell Microcap® Index at the
conclusion of the Russell US Indexes annual reconstitution,
effective after the US market opens on June 27, according to a
preliminary list of additions posted on June 10.
Membership in the Russell Microcap Index, which remains in place
for one year, means automatic inclusion in the appropriate growth
and value style indexes. FTSE Russell determines membership for its
Russell indexes by objective, market-capitalization rankings and
style attributes.
Michael Schrader, CEO of Top Image Systems commented, “Inclusion
in the Russell index will help us increase liquidity and broaden
our exposure to the investment community.”
Indexes provided by FTSE Russell, a leading global index
provider, are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $6 trillion in assets are benchmarked
against the Russell US indexes.
For more information on the Russell Microcap Index and the
Russell US Indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About Top Image Systems
Top Image Systems™ (TIS™) is a leading innovator of enterprise
solutions for managing and validating content entering
organizations from various sources. Whether originating from
mobile, electronic, paper or other sources, TIS solutions deliver
content across enterprise applications. TIS’ eFLOW Platform is a
common platform for the company's solutions which is marketed in
more than 40 countries through a multi-tier network of
distributors, system integrators, value-added resellers and
strategic partners. Visit the company's
website http://www.TopImageSystems.com for more
information.
About FTSE Russell
FTSE Russell is a global index leader and data provider 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 $10
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 client
collaboration 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.
Caution Concerning Forward-Looking
Statements
Certain matters discussed in this news release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results to be materially
different from any future results expressed or implied in those
forward looking statements. Words such as "will," "expects,"
"anticipates," "estimates," and words and terms of similar
substance in connection with any discussion of future operating or
financial performance identify forward-looking statements.
These statements are based on management's current expectations or
beliefs and are subject to a number of risks and uncertainties that
could cause actual results to differ materially including, but not
limited to, risks in product development, approval and introduction
plans and schedules, rapid technological change, customer
acceptance of new products, the impact of competitive products and
pricing, the lengthy sales cycle, proprietary rights of TIS and its
competitors, risk of operations in Israel, government regulation,
litigation, general economic conditions and other risk factors
detailed in the Company's most recent annual report on Form 20-F
and other subsequent filings with the United States Securities and
Exchange Commission. We are under no obligation to, and
expressly disclaim any obligation to, update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
Company Contact:
Shelli Zargary
Director of Corporate Marketing and Investor Relations
Top Image Systems
shelli.zargary@topimagesystems.com
+972 3 767 9114
Investors:
James Carbonara
Regional Vice President,
Hayden IR
james@haydenir.com
+ 1 646 755 7412
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