TUALATIN, Ore., March 20, 2012 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative technologies, today announced that it has been added to the Wilshire 5000 Total Market Index(SM) (Wilshire 5000(SM)) effective after the markets' close on Friday, March 16, 2012 in conjunction with the monthly additions and deletions of the index.
CUI Global, Inc. up-listed to the NASDAQ Capital Markets on February 17, 2012.
The Wilshire 5000, the original pure and complete measure of the U.S. stock market, was developed in 1974 by Dennis A. Tito, chairman and chief executive officer of Wilshire Associates Incorporated. It is widely considered the best way to track the U.S. equities market and estimate market value changes. The Wilshire 5000 Total Market exchange-traded fund (NYSE Arca: WFVK) is the only ETF based upon the Wilshire 5000.
The Wilshire 5000 is published daily in a variety of outlets, including print, television, and online media. As the broadest measure of the U.S. equity market, it is watched by all major institutions, including the Federal Reserve Board.
"CUI Global's addition to the highly respected Wilshire 5000 Index is yet another example of the significance of our listing on the Nasdaq Capital Market," explained CUI Global's president & CEO, William Clough. "The Wilshire Index specifically excludes 'penny stocks' and 'over-the-counter securities,' while focusing on nationally listed securities like CUI Global."
"By being the focus of an index like the Wilshire 5000, CUI Global will be seen by far more sophisticated and institutional investors, specifically broadening our market and thereby enhancing shareholder value and our potential return-on-investment," Clough concluded.
About CUI Global, Inc.
Delivering Innovative Technologies for an Interconnected World . . . . .
CUI Global is a publicly traded platform company dedicated to maximizing shareholder value through the acquisition and development of innovative companies and technologies. From its Vergence GasPT2 platform targeting the energy sector, to its subsidiary CUI Inc.'s industry leading digital power platform targeting the networking and telecom industries, CUI Global has built a diversified portfolio of industry leading technologies that touch many markets. As a publicly traded company, shareholders are able to participate in the opportunities, revenues, and profits generated by the products, technologies, and market channels of CUI Global and its subsidiaries. CUI Global prides itself on operating with the same level of integrity, respect, and philanthropic dedication that was put in place by CUI Inc.'s founder more than 20 years ago. It is these values that allow the company to make a difference in the lives of their customers, their community, their employees, and their investors. Recently, a move was made to merge and streamline resources with its subsidiary CUI Inc. in order to create a unified, international brand that now positions CUI Global for further strategic expansion.
About CUI Inc.
CUI Inc. is a technology company dedicated to the development, commercialization, and distribution of new, innovative electro-mechanical products. Over the past 20 years, CUI has become a recognized name in electronic components worldwide in the areas of power, interconnect, motion control, and sound. CUI's solid customer commitment and honest corporate message are a hallmark in the industry. CUI is a wholly owned subsidiary of CUI Global, Inc. For more information, please visit www.cui.com.
Important Cautions Regarding Forward Looking Statements
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.
SOURCE CUI Global, Inc.