VERSAR, INC. TO JOIN RUSSELL MICROCAP INDEX
Springfield, VA - Versar, Inc. ( NYSE American : VSR) announced that it has joined the Russell Microcap® Index according to the list posted July 1, 2013.
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.
""We are very pleased to have been selected for inclusion on the Russell Microcap® Index. Our Company has achieved solid financial performance during the last 18 months and we believe our inclusion as a benchmark company for the Russell Microcap® Index is recognition of our achievements,"" commented Tony Otten, Chief Executive Officer of Versar.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Russell calculates more than 700,000 benchmarks daily covering approximately 98 percent of the investable market globally, 80 countries and more than 10,000 securities. Approximately $4.1 trillion in assets are benchmarked to the Russell Indexes.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000? Index and Russell Microcap. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
Total returns data for the Russell Microcap and other Russell Indexes is available athttp://www.russell.com/Indexes/performance/default.asp.
VERSAR, INC., headquartered in Springfield, Virginia, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.
VERSAR operates a number of web sites, including the corporate web sites, www.versar.com, www.geomet.com; www.viap.com; www.dtaps.com; www.adventenv.com, www.charronconsulting.com and www.ppsgb.com.
This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 29, 2012, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
Director of Financial Reporting
John Nesbett or Jennifer Belodeau
Institutional ing Services (IMS)