Henry Bros. Electronics Added To the Russell Microcap Index
25 June 2008 - 7:05AM
PR Newswire (US)
FAIR LAWN, N.J., June 24 /PRNewswire-FirstCall/ -- Henry Bros.
Electronics, Inc. (AMEX:HBE), a turnkey provider of
technology-based integrated electronic security solutions, today
announced that it has been selected for inclusion in the Russell
Microcap Index, according to the preliminary list of additions
issued by the Russell Investment Group on June 13, 2008. The
Company will officially be a member of the index when it is
reconstituted on June 30, 2008. Annual reconstitution of Russell's
U.S. indices captures the 4,000 largest U.S. stocks as of the end
of May, ranking them by total market capitalization. Russell
determines membership for its equity indices primarily by objective
market capitalization rankings and style attributes. Russell
indices 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 $4.4 trillion in
assets currently are benchmarked to them. 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. Brian Reach, President and Chief Operating
Officer of Henry Bros. commented on the addition, stating, "We view
the addition of Henry Bros. to the Russell Microcap Index as a
significant milestone for our Company. We have worked to increase
our sales and improve efficiencies over the past several years, and
this work has been recognized by our investors, and resulted in an
increase in our market capitalization. Our addition to the Russell
Microcap will undoubtedly expose a wider audience of institutional
investors to the Henry Bros. investment story, and serve to
supplement our ongoing investor relations efforts." About Henry
Bros. Electronics, Inc. Henry Bros. Electronics (AMEX:HBE) provides
technology-based integrated electronic security systems, services
and emergency preparedness consultation to commercial enterprises
and government agencies. The Company has offices in Arizona,
California, Colorado, Maryland, New Jersey, New York, Texas and
Virginia. For more information, visit http://www.hbe-inc.com/. Safe
Harbor Statement: Certain statements in this press release
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Additional information
concerning factors that could cause actual results to differ
materially from those in the forward looking statements is
contained under the heading of risk factors listed in the Company's
filings with the U.S. Securities and Exchange Commission. Henry
Bros. Electronics Inc. does not assume any obligation to update the
forward-looking information. Investor Contacts: Todd Fromer / Erika
Kay Jim Henry, Chairman & Chief Executive Officer KCSA
Strategic Communications Henry Bros. Electronics, Inc. 212-896-1215
/ 212-896-1208 201-794-6500 / DATASOURCE: Henry Bros. Electronics,
Inc. CONTACT: Todd Fromer, +1-212-896-1215, , or Erika Kay
+1-212-896-1208, , both of KCSA Strategic Communications for Henry
Bros. Electronics, Inc.; or Jim Henry, Chairman & Chief
Executive Officer of Henry Bros. Electronics, Inc.,
+1-201-794-6500, Web site: http://www.hbe-inc.com/
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