N@N

Boingo Wireless Joins Russell 2000 and Russell 3000 Indexes

^{Published on 2011-06-27 06:10:33 - Market Wire}
 

LOS ANGELES--([ BUSINESS WIRE ])--Boingo Wireless, Inc. (NASDAQ:WIFI), the worlda™s leading Wi-Fi software and services provider, today announced that it has been added to the Russell 3000 Index, following Russell Investmentsa™ annual reconstitution of its U.S. and global equity indexes on June 24, 2011. Boingo Wireless was also added to the Russell 2000 Index, a subset of the Russell 3000 Index.

"Being added to the Russell 2000 and Russell 3000 Indexes creates an opportunity to increase our overall visibility among key institutional investors"

"Being added to the Russell 2000 and Russell 3000 Indexes creates an opportunity to increase our overall visibility among key institutional investors," said David Hagan, President and Chief Executive Officer of Boingo. aAnd as a business built on solid fundamentals for the long term, we believe that added exposure is ultimately beneficial to the company.a

Annual reconstitution of Russell's U.S. indexes captures the largest U.S. stocks as of the end of May each year, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, allows for automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

Investment managers and institutional investors use Russell indexes for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in assets are currently benchmarked to them.

About Boingo Wireless

Boingo Wireless, Inc. (NASDAQ: WIFI), the worlda™s leading Wi-Fi software and services provider, makes it easy, convenient and cost-effective for people to enjoy Wi-Fi access on their laptop or mobile device at more than 325,000 hotspots worldwide. With a single account, Boingo users can access the mobile internet via Boingo Network locations that include the top airports around the world, major hotel chains, caf©s and coffee shops, restaurants, convention centers and metropolitan hot zones. Boingo and its Concourse Communications Group subsidiary operate wired and wireless networks at large-scale venues worldwide such as airports, major sporting arenas, malls, and convention centers, as well as quick serve restaurants. For more information about Boingo, please visit [ http://www.boingo.com ].