Globix Added to Russel 2000 and 3000 Indexes
NEW YORK – July 9, 1999
Globix Corporation (NASDAQ: GBIX) announced today that it has been added to the Russell 3000® Index effective at the close of business June 30, 1999. The Russell 3000 measures the performance of the 3,000 largest US companies based on total market capitalization, which represents approximately 98% of the investable US equity market.
Globix has also been added to the Russell 2000® Index, which measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 2000 represents approximately 11% of the total market capitalization of the Russell 3000 Index. As of the latest reconstitution of the indexes, the average market capitalization was approximately $592 million; the median market capitalization was approximately $500 million. The largest company in the Russell 2000 Index had an approximate market capitalization of $1.4 billion.
‘Our inclusion in the Russell 2000 and Russell 3000 is a reflection of our dynamic growth from inception to IPO and through the current year,’ said Marc H. Bell, President and CEO of Globix. ‘It is a testament to the quality of our employees and the trust of our shareholders that we have reached this milestone at such a young age.’
Frank Russell Company, one of the world’s leading investment management and advisory firms, provides investment advice, analytic tools and funds to institutional and individual investors in more than 30 countries. Russell’s investment management business employs a manager-of-managers approach and has approximately $50 billion in assets under management. Additional information on the Russell Indexes can be found on Russell’s Web site at www.russell.com.
Globix is a leading provider of advanced Internet hosting, network and applications solutions for business. Globix delivers services via its secure state-of-the-art Internet DATA Centers, its high-performance global backbone and content delivery network, and its world-class technical professionals. Globix provides businesses with cutting-edge Internet resources and the ability to deploy, manage and scale mission-critical Internet operations for optimum performance and cost efficiency.