ICO, Inc. Added to Russell 2000(R) and Russell 3000(R) Indexes
July 10 2008 - 5:01PM
PR Newswire (US)
HOUSTON, July 10 /PRNewswire-FirstCall/ -- ICO, Inc. (NASDAQ:ICOC),
global producer of custom polymer powders and plastic film
concentrates, today announced it has been added to the Russell
2000(R) and Russell 3000(R) Indexes after the Russell Investment
Group reconstituted its comprehensive set of U.S. and global equity
indexes on June 27, 2008. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030509/ICOCLOGO ) According
to its website, Russell Investments provides the leading U.S. index
family for institutional investors with $4.4 trillion in investment
assets benchmarked against them. A. John Knapp, Jr., President and
CEO of ICO, Inc., stated, "We are very proud that ICO has been
selected for the Russell 2000(R) and Russell 3000(R) Indexes, and
we welcome the increased visibility among the investment
community." About ICO, Inc. With 20 locations in 10 countries, ICO
produces custom polymer powders for rotational molding and other
polymer related businesses, such as the textile, metal coating and
masterbatch markets. ICO remains an industry leader in size
reduction, compounding and other tolling services for plastic and
non-plastic materials. ICO's Bayshore Industrial subsidiary
produces specialty compounds, concentrates and additives primarily
for the plastic film industry. Additional information about ICO,
Inc. can be found on the Company's website at
http://www.icopolymers.com/ . Certain matters discussed in this
press release are "forward-looking statements," involving certain
risks, uncertainties, and assumptions, intended to qualify for the
safe harbors from liability established by the Private Securities
Litigation Reform Act of 1995. The Company's statements regarding
trends in the marketplace and potential future results are examples
of such forward-looking statements. The forward-looking statements
include, but are not limited to, restrictions imposed by the
Company's outstanding indebtedness, changes in the cost and
availability of resins (polymers) and other raw materials, demand
for the Company's services and products, business cycles and other
industry conditions, international risks, operational risks,
currency translation risks, the Company's lack of asset
diversification, the Company's ability to manage global inventory,
develop technology and proprietary know-how, and attract and retain
key personnel, as well as other factors detailed in the Company's
form 10-K for the fiscal year ended September 30, 2007 and its
other filings with the Securities and Exchange Commission. Should
one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated.
http://www.newscom.com/cgi-bin/prnh/20030509/ICOCLOGO
http://photoarchive.ap.org/ DATASOURCE: ICO, Inc. CONTACT: Bradley
T. Leuschner, CFO, ICO, Inc., +1-713-351-4100 Web site:
http://www.icopolymers.com/
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