USA Technologies, Inc. Set to Join Russell Microcap Index
June 23 2011 - 7:30AM
Business Wire
USA Technologies, Inc. (NASDAQ: USAT), a leader in wireless,
cashless transactions, associated financial/network services and
energy management, is set to join the Russell Microcap® Index when
Russell Investments reconstitutes its family of U.S. indexes on
June 24, 2011, according to a preliminary list of additions posted
June 10, 2011 on www.russell.com/indexes.
Membership in the Russell Microcap Index remains in place for
one year. The Russell Microcap Index measures the performance of
the microcap segment of the U.S. Equity Market. Russell determines
membership for its U.S. equity indexes by objective rules, such as
market-capitalization rankings.
George Jensen, CEO of USA Technologies, Inc., commented,
“Inclusion in the Russell Microcap Index is an important event for
USA Technologies, and we believe exposes our stock to a wide
audience of investment managers.”
Russell Indexes are widely used as benchmarks for both passive
and active investment strategies, and $3.9 trillion in investment
assets are currently benchmarked to them.
The Russell Indexes originated in the early 1980s from Russell's
insights about investment management behavior, and were designed to
produce indexes that objectively track performance and better
reflect investment management behavior.
More information on the Russell Microcap and other Russell
Indexes, including daily returns, is available at
http://www.russell.com/Indexes/data/default.asp.
About USA Technologies:
USA Technologies is a leader in the networking of wireless
non-cash transactions, associated financial/network services and
energy management. USA Technologies provides networked credit card
and other non-cash systems in the vending, commercial laundry,
hospitality and digital imaging industries. The Company has been
granted 79 patents and has agreements with Verizon, Visa, Compass
and others. Visit our website at www.usatech.com.
Forward-looking Statements:
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: All statements other than statements of
historical fact included in this release, including without
limitation the financial position, anticipated connections to our
network, business strategy and the plans and objectives of the
Company's management for future operations, are forward-looking
statements. When used in this release, words such as "anticipate",
"believe", "estimate", "expect", "intend", and similar expressions,
as they relate to the Company or its management, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of the Company's management, as well as
assumptions made by and information currently available to the
Company's management. Actual results could differ materially from
those contemplated by the forward-looking statements as a result of
certain factors, including but not limited to, business, financial
market and economic conditions, including but not limited to, the
ability of the Company to retain key customers from whom a
significant portion of its revenues is derived; whether the
Company’s customers continue to utilize the Company’s transaction
processing and related services, as our customer agreements are
generally cancelable by the customer on thirty to sixty days
notice; whether the Company’s customers continue to operate or
commence operating ePorts received under the Jumpstart program or
otherwise at levels currently anticipated by the Company; the
ability of the Company to compete with its competitors to obtain
market share; the ability of the Company to obtain widespread
commercial acceptance of it products; and whether the Company's
existing or anticipated customers purchase or rent ePort devices in
the future at levels currently anticipated by the Company. Readers
are cautioned not to place undue reliance on these forward-looking
statements. Any forward-looking statement made by us in this
release speaks only as of the date of this release. Unless required
by law, the Company does not undertake to release publicly any
revisions to these forward-looking statements to reflect future
events or circumstances or to reflect the occurrence of
unanticipated events.
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