The Hackett Group Announces Inclusion in the Russell 3000(R) Index
July 01 2008 - 3:00PM
Business Wire
The Hackett Group, Inc. (NASDAQ:HCKT), a global strategic advisory
firm, announced that the company is now included in the Russell
3000� Index as a result of Russell Investment Group�s
reconstitution of its comprehensive set of U.S. and global equity
indexes on June 27, 2008. The Russell 3000 Index measures the
performance of the largest 3,000 U.S. companies representing
approximately 98% of the investable U.S. equity market. Russell
determines membership for its equity indexes primarily by
objective, market-capitalization rankings and style attributes. �We
are pleased to have our progress affirmed by inclusion in the
Russell 3000 Index,� said Ted A. Fernandez, Chairman and CEO of The
Hackett Group, Inc. �We expect this broad-market index will
increase Targacept�s visibility to investors." Membership in the
Russell 3000� remains in place for one year, and the Russell 3000�
serves as the U.S. component of the Russell Global Index. The
complete list is posted on http://www.russell.com. About The
Hackett Group, Inc. The Hackett Group Inc. (NASDAQ:HCKT), a global
strategic advisory firm, is a leader in best practice advisory,
benchmarking, and transformation consulting services, including
shared services, offshoring and outsourcing advice. Utilizing best
practices and implementation insights from more than 4,000
benchmarking engagements, executives use The Hackett Group's
empirically-based approach to quickly define and prioritize
initiatives to enable world-class performance. Through its REL
brand, The Hackett Group offers working capital solutions focused
on delivering significant cash flow improvements. Through its
Hackett Technology Solutions group, The Hackett Group offers
business application consulting services that help maximize returns
on IT investments. The Hackett Group has worked with 2,700 major
corporations and government agencies, including 97% of the Dow
Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and
50% of the FTSE 100. Founded in 1991, The Hackett Group was
acquired by Answerthink, Inc, which was renamed The Hackett Group
in 2008. The Hackett Group has global offices in the United States,
Europe and India. More information on The Hackett Group is
available: by phone at (770) 225-7300; by e-mail at
info@thehackettgroup.com; or on the Web at www.thehackettgroup.com.
This press release contains �forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and
involve known and unknown risks, uncertainties and other factors
that may cause The Hackett Group's actual results, performance or
achievements to be materially different from the results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that impact such
forward-looking statements include, among others, the ability of
our products, services, or practices mentioned in this release to
deliver the desired effect, our ability to effectively integrate
acquisitions into our operations, our ability to attract additional
business, our ability to effectively market and sell our product
offerings and other services, the timing of projects and the
potential for contract cancellations by our customers, changes in
expectations regarding the information technology industry, our
ability to attract and retain skilled employees, possible changes
in collections of accounts receivable, risks of competition, price
and margin trends, foreign currency fluctuations, changes in
general economic conditions and interest rates as well as other
risks detailed in our Company's Annual Report on Form 10-K for the
most recent fiscal year filed with the Securities and Exchange
Commission. We undertake no obligation to update or revise publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
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