Science & Technology
Science and Technology
Science and Technology
Tue, June 29, 2010
Mon, June 28, 2010 
NEWARK, NY--(Marketwire - June 28, 2010) - IEC Electronics Corp. (
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
W. Barry Gilbert, Chairman and Chief Executive Officer of IEC Electronics commented, "It is an exciting accomplishment to have been selected for inclusion in the Russell Microcap® Index. We have enjoyed a solid growth trajectory and strong financial performance over the last five years, and believe our selection by Russell as a benchmark company in the microcap sector further validates our achievements and potential for future growth."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $3.9 trillion in assets are currently benchmarked to them.
Annual reconstitution of the Russell Indexes captures the 4,000 largest U.S. stocks at the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap® Index. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market driven set of benchmarks in order to evaluate outside investment managers.
Total returns data for the Russell Microcap® and other Russell indexes is available at [ http://www.russell.com/indexes/performance/default.asp ].
About IEC
IEC Electronics Corporation provides contract electronic manufacturing services to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The Company's ultra high reliability capabilities include: design, prototype and volume circuit board assembly, material procurement and control, manufacturing and test engineering support, systems build, final packaging and distribution. As a full service EMS provider, IEC is AS9100 and ISO-9001:2000 registered, and a NSA approved supplier under the COMSEC standard. The Company is headquartered outside of Rochester, New York and also has operations in Victor, New York and Albuquerque, New Mexico. Additional information about IEC can be found on its web site at [ www.iec-electronics.com ].
About Russell:
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31 2010, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
