MURRAY HILL, N.J., July 9, 2012 /PRNewswire/ -- Glowpoint, Inc., (NYSE MKT: GLOW), a leading global provider of cloud managed video services, announced today that it has been added to the Russell Microcap® Index, as part of Russell Investment Group's annual rebalancing of its U.S. and global equity indexes.
"We are pleased to be part of the Russell Microcap® Index and we believe this will broaden the visibility for our investor base and drive increased liquidity in our stock," said Joe Laezza, President and CEO of Glowpoint. "This inclusion is further recognition of our financial strength, driven by our sharp focus on the growing market for cloud based managed video services. Our mission is to make video meetings simple and the standard for bringing people together for business meetings. We are achieving this by making OpenVideo® the cloud service that permits customers to collaborate over video on any device across any network, simply and reliably."
Membership in the Russell Microcap Index 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. Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets are currently benchmarked to Russell Indexes.
Glowpoint, Inc. (NYSE MKT: GLOW) provides cloud managed video services that make the delivery of consistently high-quality videoconferencing and telepresence service as simple as using the internet, between any technology, network and business. Using our OpenVideo® cloud architecture, Glowpoint enables organizations of all sizes to adopt business-class video easily, scale instantly and collaborate openly, yet securely across technology boundaries – to realize the full value of visual communications. To learn more please visit www.glowpoint.com.
Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.
Russell has approximately $155 billion in assets under management (as of 3/31/2012) and works with 2,400 institutional clients, more than 580 independent distribution partners and advisors, and individual investors globally. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
Forward looking and cautionary statements
The information in this release may contain statements that are or may be deemed to be forward-looking statements and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks, and uncertainties include market acceptance and availability of new video communications services; the non-exclusive and terminable-at-will nature of sales agreements; rapid technological change affecting demand for our services; competition from other video communication service providers; and the availability of sufficient financial resources to enable us to expand our operations, as well as other risks detailed from time to time in our filings with the Securities and Exchange Commission. We make no representation or warranty that the information contained herein is complete and accurate; we have no duty to correct or update any information.
SOURCE Glowpoint, Inc.