MITY Enterprises Joins New Russell Microcap Index
July 18 2005 - 12:30PM
Business Wire
MITY Enterprises Inc. (Nasdaq: MITY), designer, manufacturer and
marketer of a variety of institutional furniture, today announced
it joined the Russell Microcap(TM) Index. The newly launched
Russell Microcap Index, which debuted on July 1, is comprised of
the smallest 1,000 securities in the small-cap Russell 2000(TM)
Index along with the next smallest 1,000 companies, based on a
ranking of all U.S. equities by market capitalization. The index
offers portfolio managers and other investors a comprehensive,
unbiased barometer to compare their performance against the genuine
microcap marketplace of stocks. Russell recently posted the
complete index membership list at www.russell.com/US/Indexes. "We
are pleased with our inclusion in this new index," said Bradley T
Nielson, president and chief executive officer of MITY Enterprises.
"Our inclusion will help generate greater interest in our stock at
an institutional level." Russell indices are widely used by
investment managers and institutional investors for index funds and
as benchmarks for both passive and active investment strategies.
Companies on the list represent more than $2.5 trillion in assets.
Investment managers who oversee these funds purchase shares of
member stocks according to that company's weighting in the
particular index. Founded in 1987, MITY Enterprises Inc. designs,
manufactures and markets innovative institutional furniture created
to meet the efficiency needs of its customers. MITY Enterprises
focuses on providing premium quality institutional furniture
products to niche markets. The product lines consist of
multipurpose room furniture and healthcare seating. MITY's products
are marketed under the Mity-Lite, Broda and Versipanel tradenames.
Headquartered in Utah, MITY Enterprises serves national and
international customers directly and through distributors. For
further information, visit MITY Enterprises online at
www.mityinc.com.
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