MELVILLE, N.Y., June 28 /PRNewswire-FirstCall/ -- Chyron (Nasdaq: CHYR), a leading provider of digital video graphics solutions for On Air, Online, Out of Home and Mobile applications, today announced that it has been included in the Russell Microcap Index. The final 2010 reconstitution of the Russell Indexes took place after the market closed on June 25, 2010.
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"Chyron's inclusion in the Russell Microcap Index raises our awareness in the investment community and validates the solid fundamentals of our Company," said Michael Wellesley-Wesley, CEO of Chyron. "We are pleased to have been included as we believe it reflects the progress we have made over the past year."
Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. The Russell Microcap Index comprises the smallest 1,000 securities in the Russell 2000® Index, plus the next 1,000 companies, based on a ranking of all U.S. equities by market capitalization. The Microcap Index was designed to offer managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks.
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31, 2010, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
As a pioneer of Graphics as a Service for digital video media Chyron continues to define the world of digital and broadcast graphics with Web, Mobile, HD, 3D and newsroom integration solutions. Winner of numerous awards, including two Emmys, Chyron has proven itself as a leader in the industry with sophisticated graphics offerings that include Chyron's AXIS Graphics online content creation software, HD/SD switchable on-air graphics systems, clip servers, channel branding and telestration systems, graphic asset management and XMP integration solutions, and the award-winning WAPSTR mobile phone newsgathering application, as well as digital signage. For more information about Chyron products and services please visit the Company's websites at www.chyron.com, www.chytv.com and www.axisgraphics.tv. For the Company's Investor Relations site, please visit www.chyron.com and click on Investors. (Nasdaq: CHYR).