Balchem Corporation Joins Russell 3000 Index
06 July 2005 - 7:59AM
PR Newswire (US)
Balchem Corporation Joins Russell 3000 Index NEW HAMPTON, N.Y.,
July 5 /PRNewswire-FirstCall/ -- Balchem Corporation joined the
Russell 3000(R) Index, the small-cap Russell 2000(R) Index and the
Russell Microcap(TM) Index when Russell Investment Group
reconstituted its family of U.S. indexes on June 24. Russell
recently posted a list of additions to its indexes on
http://www.russell.com/ . Membership in the broad-market Russell
3000, which remains in place for one year, means automatic
inclusion in the small-cap Russell 2000, as well as the appropriate
growth and style of the Russell Microcap Index. Russell determines
membership for its equity indexes primarily by objective, market
capitalization rankings and style attributes. Dino A. Rossi,
President and CEO of Balchem Corporation, noted that "this is a
tremendous honor for Balchem and the shareholders of Balchem.
Having Balchem included in these indexes is a recognition of our
strong financial performance and will significantly increase
investor awareness of the company." 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 $2.5 trillion in assets currently are
benchmarked to them. Investment managers who oversee these funds
purchase shares of member stocks according to that company's
weighting in the particular index. Annual reconstitution of Russell
indexes captures the 3,000 largest U.S. stocks as of the end of
May, ranking them by total market capitalization to create the
Russell 3000. The largest 1,000 companies in the ranking comprise
the Russell 1000 while the remaining 2,000 companies become the
widely used Russell 2000. 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. About
Balchem: Balchem Corporation consists primarily of three business
segments: ARC Specialty Products, Encapsulated/Nutritional Products
and BCP Ingredients. Through ARC Specialty Products, Balchem
provides specialty-packaged chemicals for use in health care and
other industries. The Encapsulated/Nutritional Products segment
provides proprietary microencapsulation solutions to an expanding
variety of applications. BCP Ingredients, our unencapsulated feed
supplements segment, manufactures and supplies choline chloride and
derivatives used primarily in the poultry and swine industries.
DATASOURCE: Balchem Corporation CONTACT: Karin McCaffery, Investor
Relations Coordinator of Balchem Corporation, +1-845-326-5635 Web
site: http://www.balchem.com/ http://www.russell.com/
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