Towerstream (NASDAQ: TWER), a leading high-speed wireless Internet service provider, today announced that it has been added to the Russell Microcap® Index after Russell Investments reconstituted its family of U.S. indexes on June 25, according to the official membership list posted on www.russell.com.
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.
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 assets currently are benchmarked to them.
“I am very pleased that we have been added to the Russell Microcap Index,” stated Jeff Thompson, President and Chief Executive Officer. “We believe inclusion in this index will lead to greater visibility for our company within the institutional investment community.”
About Russell
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31 2010, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
About Towerstream Corporation
Towerstream is a leading 4G service provider in the U.S., delivering high-speed wireless Internet access to businesses. Founded in 2000, the Company has established networks in 11 markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay Area, Miami, Seattle, Dallas-Fort Worth, Nashville, and the greater Providence area where the company is based. For more information, visit our website at www.towerstream.com or follow us on Twitter @Towerstream.
The Towerstream Corporation logo is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=6570.