LOVELAND, Colo., June 18, 2015 /PRNewswire/ -- Heska Corporation (NASDAQ: HSKA - News; "Heska" or the "Company"), a provider of advanced veterinary diagnostic and other specialty veterinary products, announced today it expects to join the Russell 3000® Index and the Russell Global Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes after the close of market on Friday, June 26, 2015, according to a preliminary list of additions posted June 12, 2015 on Russell Indexes Reconstitution. Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Heska's membership in the Russell indexes, including the Russell 3000 Index and the Russell Global Index, is expected to remain in place for at least one year.
The Company also anticipates it will be included in the small-cap Russell 2000® Index after the close of market on Friday, June 26, 2015.
Kevin Wilson, Heska's Chief Executive Officer stated, "Inclusion in the Russell indexes is a significant milestone for us following the top-line growth and commercial success of our products over the last year. As we continue to execute on our growth strategy, we believe our membership will be helpful for raising our profile in the financial community, improving liquidity and broadening our shareholder base. "
Membership in the Russell 3000 and the Russell Global Index also indicates automatic inclusion in any applicable style, sector and country indexes. FTSE Russell determines membership for its Russell 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 active investment strategies. Approximately $5.7 trillion in assets are benchmarked to the Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell reconstitution, go to "Recon Central" section on the FTSE Russell website.
Heska Corporation (NASDAQ: HSKA - News) sells advanced veterinary diagnostic and other specialty veterinary products. Heska's state-of-the-art offerings to its customers include blood testing instruments and supplies, digital imaging products, software and services, and single use products and services such as in-clinic heartworm diagnostic tests, heartworm preventive products, allergy immunotherapy products and allergy testing. The Company's core focus is on the canine and feline markets where it strives to provide high value products and unparalleled customer support to veterinarians. For further information on Heska and its products, visit the company's website at www.heska.com.
About FTSE Russell
FTSE Russell is a global index leader 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 80 countries, covering 98% of the investable market globally and trading on over 25 exchanges worldwide.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Leading asset owners, asset managers, ETF providers and investment banks use 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. 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.
This announcement contains forward-looking statements regarding Heska's future financial and operating results. These statements are based on current expectations and are subject to a number of risks and uncertainties. Investors should note that there is an inherent risk in using past results, including trends, to predict future outcomes. In addition, factors that could affect the business and financial results of Heska generally include the following: risks related to Heska's ability to market and sell its products in an economically sustainable manner; uncertainties related to investor behavior, including the interest level in analyzing, selling or buying a given stock; uncertainties related to Heska's ultimate success in recent distribution relationships; risks related to the volatility in Heska's stock; competition; uncertainties related to Heska's ability to maintain membership in any Russell Index; uncertainties related to the future performance of large customers, who may not continue their current purchase levels from the Company; and the risks set forth in Heska's filings and future filings with the Securities and Exchange Commission, including those set forth in Heska's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015.
SOURCE Heska Corporation