Valley National Gases (AMEX:VLG)
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Valley National Gases Joins New Russell Microcap Index
WASHINGTON, Pa., July 21 /PRNewswire-FirstCall/ -- Valley National Gases
Incorporated (AMEX:VLG) announced today that it joined the Russell Microcap
Index.
The newly formed Russell Microcap Index, which became effective July 1st, is
comprised of the smallest 1,000 securities in the small cap Russell 2000 index,
along with the next smallest 1,000 companies, based upon a ranking of all U.S.
companies by market capitalization.
The index offers portfolio managers and other investors a comprehensive,
unbiased barometer to compare their portfolios performance against a standard
for microcap stocks. Russell recently published the complete index membership
list at http://www.russell.com/US/Indexes.
"We are pleased with our inclusion in this new Index" commented Valley National
Gases' Vice Chairman and Chief Executive Officer, William A. Indelicato, "Our
inclusion should facilitate greater interest in our stock at the institutional
level."
Russell indices are widely used by investment managers and institutional
investors for index funds and as benchmarks for both active and passive
investment strategies. Companies on the list represent over $2.5 trillion in
assets. Investment managers who oversee funds often purchase shares of member
stocks according to a company's weighting in a particular index.
Valley National Gases, with headquarters in Washington, Pennsylvania is a
leading packager and distributor of industrial, medical and specialty gases,
welding equipment and supplies, propane and fire protection equipment. Valley
National Gases operates sixty-seven locations in twelve states, with nine
production and distribution centers in the eastern and midwestern United
States.
DATASOURCE: Valley National Gases Incorporated
CONTACT: James P. Hart of Valley National Gases, +1-724-228-3000, or
Web site: http://www.vngas.com/
http://www.russell.com/US/Indexes