Radiant Logistics Set To Join Russell 3000 And Russell Global Indexes
BELLEVUE, Wash., June 25, 2015 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multimodal transportation services company, today announced that it is set to join the Russell 3000 Index and the Russell Global Index at the conclusion of the Russell indexes annual reconstitution on June 26, 2015, according to the reconstitution schedule and final list of company additions posted June 19, 2015, on www.russell.com/indexes.
"We are proud of what we have accomplished to date and look forward to continuing to build upon this great platform at Radiant. We believe our inclusion in the Russell 3000 Index and the Russell Global Index will create additional investor awareness and support the broadening of our shareholder base," said Bohn Crain, Founder and CEO of Radiant Logistics. "We are delighted to be positioned to gain additional recognition from investors who use these indexes as part of their investment strategy as we advance our own growth strategy in transportation and logistics."
The Russell Indexes are a family of global equity indices that are well regarded and proactively used by investment managers as well as institutional investors to track the performance of distinct market segments worldwide. Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. Membership in the Russell Global Index also remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
About Radiant Logistics (NYSE MKT: RLGT)
Radiant Logistics, Inc. (www.radiantdelivers.com) is a comprehensive North American provider of third party logistics and multimodal transportation services. As a non-asset provider, with minimal investment in equipment, the company delivers advanced supply chain solutions through a network of company-owned and strategic operating partner locations across North America. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.
Forward-Looking Statements
This press release includes 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, regarding future operating performance, events, trends and plans. These include, but are not limited to, statements relating to expectations, future performance or future events, and product cost, performance, and functionality matters. These statements are based on current assumptions, expectations and information available to Radiant management and involve a number of known and unknown risks, uncertainties and other factors that may cause Radiant's actual results, levels of activity, performance or achievements to be materially different from any expressed or implied by these forward-looking statements. While it is impossible to identify all of the factors that may cause our actual operating performance, events, trends or plans to differ materially from those set forth in such forward looking statements, we have identified certain of the more salient risks, uncertainties and factors are discussed under "Risk Factors" and elsewhere in Radiant's public filings with the U.S. Securities and Exchange Commission from time to time, including Radiant's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K and other public documents and press releases which can be found on our web-site (www.RadiantDelivers.com). You are advised to carefully consider these various risks, uncertainties and other factors. Although Radiant management believes that the forward-looking statements contained in this press release are reasonable, it can give no assurance that its expectations will be fulfilled. All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. Except as required by law, we assume no duty to update or revise our forward-looking statements.
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SOURCE Radiant Logistics, Inc.
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