Ceres (NASDAQ:CERG)
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Ceres Group Added to the Russell 3000(R) Index
CLEVELAND, July 8 /PRNewswire-FirstCall/ -- Ceres Group, Inc. (NASDAQ:CERG)
today announced that it has been named to the Russell 3000(R) Index of the
3,000 largest U.S. stocks, based on Ceres' market capitalization as of May 31.
The addition of Ceres Group to the Russell family enables the company to be
included in the portfolios of institutional investors who rely on the Russell
indexes as part of their investment strategies. The one-year membership went
into effect July 6, 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000315/CRLOGO )
The Frank Russell Company, one of the world's leading investment management and
advisory firms, annually reconstitutes its Russell 3000(R) Index, ranking the
largest U.S. stocks as defined by total market capitalization. This realignment
allows the index to provide an accurate reflection of stock market activity and
performance. The Frank Russell Company has 21 U.S. stock indexes that serve as
performance standards against which money managers and mutual funds can be
evaluated. More than $350 billion is invested in funds that rely on Russell's
U.S. indexes as investment models.
About Ceres Group
Ceres Group, Inc., through its insurance subsidiaries, provides a wide array of
health and life insurance products through two primary business segments.
Ceres' Medical Segment includes major medical health insurance for individuals,
families, associations, and small to mid-size businesses. The Senior Segment
includes senior health, life and annuity products for Americans age 55 and
over. To help control medical costs, Ceres also provides medical cost
management services to its insureds. Ceres' nationwide distribution channels
include independent agents and its electronic distribution system. For more
information, visit http://www.ceresgp.com/ .
This news release contains certain forward-looking statements with respect to
the financial condition, results of operations and business of the company.
Forward-looking statements are statements other than historical information or
statements of current condition. In light of the risks and uncertainties
inherent in all future projections, the inclusion of forward-looking statements
herein should not be regarded as representation by the company or any other
person that the objectives or plans of the company will be achieved. Many
factors could cause actual results to differ materially from those contemplated
by such forward-looking statements, including, among others, failure to
accurately predict claims liabilities, adverse outcomes in litigation, rising
healthcare costs, business conditions and competition in the healthcare
industry, developments in healthcare reform and other regulatory issues
(including failure to meet statutory capital requirements), ability to develop
and administer competitive products, performance of our reinsurers and failure
to comply with financial and other covenants in our loan agreements, and the
failure to successfully implement the business plans for the company and its
subsidiaries. This review of important factors should not be construed as
exhaustive. Investors and others should refer to Ceres' filings with the
Securities and Exchange Commission, including its annual report on Form 10-K
for the year ended December 31, 2003, and its quarterly reports on Form 10-Q
and other periodic filings, for a description of the foregoing and other
factors. Ceres undertakes no obligation to update forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
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DATASOURCE: Ceres Group, Inc.
CONTACT: Gayle M. Vixler, Senior Vice President of Ceres Group, Inc.,
+1-440-572-8848
Web site: http://www.ceresgp.com/