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Chyron (AMEX: CGS), a leading provider of digital video graphics
solutions for On Air, Online, Out of Home and Mobile applications, today
announced that it has been selected for inclusion in the Russell
Microcap Index, according to the preliminary list of additions issued by
the Russell Investment Group on June 13, 2008. The Company will
officially be a member of the index when it is reconstituted on June 30,
2008.
Annual reconstitution of Russell’s U.S.
indices captures the 4,000 largest U.S. stocks as of the end of May,
ranking them by total market capitalization. Russell determines
membership for its equity indices primarily by objective
market-capitalization rankings and style attributes.
Michael Wellesley-Wesley, Chyron President and CEO commented, “The
addition to the Russell Microcap Index is a significant achievement for
Chyron, and is representative of the growth we have experienced over the
past several years. We believe that the exposure gained from our listing
will boost our ongoing efforts to bring the Chyron story to a wider
audience of institutional investors.”
Russell indices 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 $4.4 trillion in assets
currently are benchmarked to them. 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.
In addition, Chyron was included in Fortune Small Business’
(‘FSB’) list of the
100 fastest growing companies in the United States. Chyron ranked number
58 overall and number 3 in New York. The editors of FSB analyze
companies with annual revenues of less than $200 million and share price
of greater than $1, on a yearly basis, and rank them based on earnings
per share, revenues and stock performance over the past three years.
"To be recognized by Fortune as one of the fastest growing small
companies in America is an honor," Wellesley-Wesley stated. “We
have worked diligently in recent years to establish Chyron as the
leading brand in digital graphics solutions both On Air and Online, and
this recognition exemplifies the progress we have made to date in
expanding our brand across these content creation industries.”
About Chyron
Chyron continues to define the world of digital and broadcast graphics
with Web, Mobile, HD, 3D, and newsroom integration solutions. Winner of
numerous awards, including two Emmys, Chyron has proven itself as a
leader in the industry with sophisticated graphics offerings that
include Online, Chyron's AXIS Graphics online content creation software,
HD/SD switchable on-air graphics systems, clip servers, channel branding
and telestration systems, graphic asset management and XMP integration
solutions, and the award-winning WAPSTR mobile phone newsgathering
application, as well as digital signage. For more information about
Chyron products and services please visit the Company's websites at www.chyron.com,
www.chytv.com and www.axisgraphics.tv
(AMEX: CGS).