CPI Corp. Added to Russell 3000(R) Index
June 30 2009 - 3:10PM
PR Newswire (US)
ST. LOUIS, June 30 /PRNewswire-FirstCall/ -- CPI Corp. (NYSE:CPY)
today announced it has been added to the broad-market Russell
3000(R) Index. CPI's addition to the index was effective after the
stock market closed on June 26, 2009, following Russell
Investments' reconstitution of its comprehensive set of U.S. and
global equity indexes. "Inclusion in the Russell 3000 marks another
key milestone for CPI Corp. in a year driven by positive momentum,"
said Renato Cataldo, president and chief executive officer. "We are
pleased to be among this group of companies and we look forward to
the additional visibility that membership will provide. Along with
the continued successful execution of our growth strategy, we
expect that inclusion in the Russell 3000 will generate further
interest in our stock among quality investors." Membership in the
Russell 3000, which remains in place for one year, means automatic
inclusion in the large-cap Russell 1000(R) Index or small-cap
Russell 2000(R) Index as well as the appropriate growth and value
style indexes. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
attributes. Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for
both passive and active investment strategies. An industry-leading
$4 trillion in assets currently are benchmarked to them. Total
returns data for the Russell 3000 and other Russell indexes is
available at
http://www.russell.com/Indexes/performance/default.asp. CPI Corp.
uses the Investor Relations page of its website at
http://www.cpicorp.com/ to make information available to its
investors and the public. You can sign up to receive e-mail alerts
whenever the Company posts new information to the website. About
CPI Corp. CPI Corp. has been dedicated to helping families
conveniently create cherished photography portrait keepsakes that
capture a lifetime of memories for more than 60 years. CPI Corp.
provides portrait photography services in approximately 3,000
locations, principally in Sears and Wal-mart stores. As the first
in the category to convert to a fully digital format, CPI Corp.
studios offer unique posing options, creative photography
selections, a wide variety of sizes and an unparalleled assortment
of enhancements to customize each portrait - all for an affordable
price. CPI Corp. is based in St. Louis and traded on the New York
Stock Exchange (ticker: CPY). Important Information CPI Corp. has
filed a definitive Proxy Statement with the Securities and Exchange
Commission ("SEC") and has furnished to its stockholders a Proxy
Statement in connection with the solicitation of proxies for the
2009 Annual Meeting of stockholders. The Company advises its
stockholders to read the Proxy Statement relating to the 2009
Annual Meeting because it contains important information.
Stockholders may obtain a free copy of the Proxy Statement and
other documents that CPI files with the SEC at the SEC's website at
http://www.sec.gov/. The Proxy Statement and these other documents
may also be obtained for free from CPI by directing a request to
CPI Corp., 1706 Washington Avenue, St. Louis, Missouri 63103-1717,
Attn: Corporate Secretary, calling (314) 231-1575, or by contacting
MacKenzie Partners, Inc., by toll-free telephone at 800-322-2885 or
by e-mail at . Certain Information Concerning Participants CPI
Corp. and its directors and executive officers (other than Peter
Feld) may be deemed to be participants in the solicitation of
proxies from stockholders in connection with the Company's 2009
Annual Meeting. Information concerning persons who may be
considered participants in the solicitation of the Company's
stockholders under the rules of the SEC is set forth in public
filings by the Company with the SEC, including the proxy statement
relating to the 2009 Annual Meeting of stockholders.
Forward-Looking Statements The statements contained herein that are
not historical facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
and involve risks and uncertainties. The Company identifies
forward-looking statements by using words such as "preliminary,"
"plan," "expect," "looking ahead," "anticipate," "estimate,"
"believe," "should," "intend" and other similar expressions.
Management wishes to caution the reader that these forward-looking
statements, such as the Company's outlook for portrait studios, net
income, future cash requirements, cost savings, compliance with
debt covenants, valuation allowances, reserves for charges and
impairments and capital expenditures, are only predictions or
expectations; actual events or results may differ materially as a
result of risks facing the Company. Such risks include, but are not
limited to: the Company's dependence on Sears and Walmart, the
approval of the Company's business practices and operations by
Sears and Walmart, the termination, breach, limitation or increase
of the Company's expenses by Sears under the license agreements, or
Wal-Mart under the lease and license agreements, customer demand
for the Company's products and services, the economic recession and
resulting decrease in consumer spending, compliance with the NYSE
listing requirements, manufacturing interruptions, dependence on
certain suppliers, competition, dependence on key personnel,
fluctuations in operating results, a significant increase in piracy
of the Company's photographs, widespread equipment failure,
compliance with debt covenants, high level of indebtedness,
implementation of marketing and operating strategies, outcome of
litigation and other claims, impact of declines in global equity
markets to pension plans and impact of foreign currency
translation. The risks described above do not include events that
the Company does not currently anticipate or that it currently
deems immaterial, which may also affect its results of operations
and financial condition. The Company undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
DATASOURCE: CPI Corp. CONTACT: Jane Nelson of CPI Corp.,
+1-314-231-1575 Web Site: http://www.cpicorp.com/
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