Arch Wireless (AMEX:AWL)
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From Jun 2019 to Jun 2024
Arch Added to Russell 2000(R) and Russell 3000(R) Indices
Westborough, Mass., July 9 /PRNewswire-FirstCall/ -- Arch Wireless, Inc.
(NASDAQ:AWINNASDAQ:BSE:NASDAQ:AWL), a leading wireless messaging and mobile
information company, today announced that it has been added to the Russell
2000(R) Index and the broader Russell 3000(R) Index.
"We are very pleased to have been named to the Russell 2000 and Russell 3000
indices," said C. Edward Baker, Jr., chairman and chief executive officer of
Arch. "We believe inclusion in these indices will increase our visibility
among investor audiences. This milestone provides us with additional momentum
as we move to finalize our pending merger with Metrocall (Metrocall Holdings,
Inc., Nasdaq: MTOH)."
The Russell 3000 Index measures the performance of the 3,000 largest public
companies in the United States. The Russell 2000 Index consists of the 2,000
smallest public companies on the Russell 3000 Index. Both indices, which are
based on total market capitalization, are reconstituted annually as of the
market close on June 25.
Arch Wireless, Inc., headquartered in Westborough, Mass., is a leading wireless
messaging and mobile information company with operations throughout the United
States. It offers a full range of wireless messaging and wireless e-mail
services, including mobile data solutions for the enterprise, to business and
retail customers nationwide. Arch provides services to customers in all 50
states, the District of Columbia, Puerto Rico, Canada, Mexico and in the
Caribbean principally through a nationwide direct sales force, as well as
through indirect resellers, retailers and other strategic partners. Additional
information on Arch is available on the Internet at http://www.arch.com/.
Statement under the Private Securities Litigation Reform Act: Statements
contained herein which are not historical fact, such as statements regarding
the anticipated value of inclusion in the Russell 3000 and the Russell 2000
indices and the anticipated completion of the Metrocall merger, are forward-
looking statements for purposes of the safe harbor provisions under the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
involve risks and uncertainties that may cause Arch's actual results to be
materially different from the future results expressed or implied by such
forward-looking statements. Factors that could cause actual results to differ
materially from those expectations include, but are not limited to, risks
associated with the consummation of the Metrocall merger, other merger and
integration challenges, future capital needs, performance and market acceptance
of new products and services, competitive pricing pressures, competition from
both traditional paging services and other wireless communications services, as
well as other risks described from time to time in Arch's periodic reports and
registration statements filed with the Securities and Exchange Commission.
Although Arch believes the expectations reflected in the forward-looking
statements are based on reasonable assumptions, it can give no assurance that
its expectations will be attained. Arch disclaims any intent or obligation to
update any forward-looking statements.
Contact: Bob Lougee 508-435-6117
DATASOURCE: Arch Wireless, Inc.
CONTACT: Bob Lougee of Arch, +1-508-435-6117
Web site: http://www.arch.com/