QMed (CE) (USOTC:QMED)
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QMed, Inc., Set to Join Russell Microcap(TM) Index
EATONTOWN, N.J., June 27 /PRNewswire-FirstCall/ -- QMed, Inc. (NASDAQ: QMED)
is set to join the new Russell Microcap(TM) Index since the Russell Group has
reconstituted its family of indices on June 24, 2005. Russell recently posted
the preliminary membership list at http://www.russell.com/US/indexes. The index
will be composed of the smallest 1,000 of the Russell 2000 members plus the
next 1,000 companies based on a ranking of all U.S. equities by market
capitalization. The Russell Microcap(TM) Index provides investment managers and
other investors a comprehensive, unbiased standard to compare their performance
against the genuine market of microcap stocks.
Russell indices are widely used by investment managers and institutional
investors for index funds as benchmarks for both passive and active investment
strategies. More than $2.5 trillion in assets are currently benchmarked to
them. Investment managers who oversee these funds purchase shares of member
stocks according to that company's weighting in particular indices.
Companies slated for the Russell Microcap were ranked as of May 31, 2005, by
market capitalization and were weighted based on free-float adjustment, an
integral aspect of Russell methodology. "Free-float adjustment" means that
stocks are weighted by their available market capitalization, which is
calculated by multiplying the primary closing price by the available shares.
About QMed, Inc.
QMed, Inc., provides clinical information management systems that incorporate
decision support to physicians, Disease Management services to patients around
the country through its health plan customers and supports Pay for performance
initiatives. The Company has been selected in two Medicare Demonstrations to
test the feasibility of reimbursing its care coordinated DM services in the
vast Medicare fee-for-service program. More information on QMed, Inc. can be
obtained at http://www.qmedinc.com/, by calling (732) 544-5544 or by emailing .
About Russell
Russell is a global leader in multi-manager investment services. It provides
investment products and services in more than 39 countries, managing more than
$135 billion in assets and advising clients worldwide representing $2.3
trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and
is headquartered in Tacoma with additional offices in Aukland, London, New
York, Paris, Singapore, Sydnet and Tokyo.
Except for historical information contained herein, matters discussed in this
news release are forward-looking statements that involve risks and
uncertainties. They include but are not limited to those relating to the timely
implementation of programs, the impact of competitive product introductions,
acceptance and pricing, and those risks detailed in the Company's filings with
the Securities and Exchange Commission (SEC). Actual results may differ
materially from any forward-looking statements due to these risks and
uncertainties.
DATASOURCE: QMed, Inc.
CONTACT: Robert Mosby of QMed, Inc., +1-732-544-5544 x1107
Web site: http://www.qmedinc.com/
http://www.russell.com/US/indexes