ValueVision Media Added to the Russell 2000 Index
27 June 2011 - 10:03PM
Marketwired
ValueVision Media, Inc. (NASDAQ: VVTV), a premium interactive
retailer via TV, Internet, mobile and social media, operating under
the "ShopNBC" brand, today announced its stock was added to the
Russell 2000® Index, a subset of the Russell Global and Russell
3000® Indexes, effective after the market close on Friday, June 24,
2011.
"ValueVision's inclusion in the Russell 2000 Index reflects our
continued positive business momentum and our tangible progress over
the past year in creating shareholder value," said Keith Stewart,
ShopNBC's Chief Executive Officer. "We expect our addition will
help increase our visibility with investors and institutions,
particularly those that utilize Russell indexes in their investment
strategy. We welcome our new Russell Index investors and remain
focused on executing on our long-term strategic growth
initiatives."
The Russell 2000 index is a subset of the Russell 3000® index
which measures the performance of the largest 3000 U.S. companies
in the U.S. equity market. The Russell 2000 index represents the
small cap component of the Russell 3000 index. Members of the
Russell 2000 and 3000 are also included in the Russell Global
Index®. These indexes are widely used by investment managers and
investors for various investment strategies and provide a
comprehensive benchmark for evaluating small-cap stocks performance
in the U.S. equity markets.
About ValueVision Media / ShopNBC
ValueVision Media, Inc. (NASDAQ: VVTV) is a premium interactive
retailer bringing high-quality merchandise to customers via TV,
Internet, mobile and social platforms under the "ShopNBC" brand.
The ShopNBC television network reaches over 79 million homes via
cable and satellite and is streamed live at www.ShopNBC.com. Over
1.1 million customers have interacted with ShopNBC in the
categories of Home & Electronics, Health & Beauty, Fashion
& Accessories, and Jewelry & Watches, yielding revenues of
over $560 million, over $230 million (41%) of which were
Internet-based. "ShopNBC Anywhere" allows customers to interact and
shop via TV, phone, mobile devices and online at www.ShopNBC.com
and via Facebook, Twitter and YouTube.
Contact: Investors / Media Relations: Anthony Giombetti
ValueVision Media, Inc. agiombetti@shopnbc.com (612) 308-1190
Investors: Norberto Aja, David Collins, Jennifer Neuman
Jaffoni & Collins vvtv@jcir.com (212) 835-8500
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