Arch Added to Russell 2000(R) and Russell 3000(R) Indices
July 09 2004 - 10:47AM
PR Newswire (US)
Arch Added to Russell 2000(R) and Russell 3000(R) Indices
Westborough, Mass., July 9 /PRNewswire-FirstCall/ -- Arch Wireless,
Inc. (NASDAQ:AWINNASDAQ:BSE:NASDAQ:AWL), a leading wireless
messaging and mobile information company, today announced that it
has been added to the Russell 2000(R) Index and the broader Russell
3000(R) Index. "We are very pleased to have been named to the
Russell 2000 and Russell 3000 indices," said C. Edward Baker, Jr.,
chairman and chief executive officer of Arch. "We believe inclusion
in these indices will increase our visibility among investor
audiences. This milestone provides us with additional momentum as
we move to finalize our pending merger with Metrocall (Metrocall
Holdings, Inc., Nasdaq: MTOH)." The Russell 3000 Index measures the
performance of the 3,000 largest public companies in the United
States. The Russell 2000 Index consists of the 2,000 smallest
public companies on the Russell 3000 Index. Both indices, which are
based on total market capitalization, are reconstituted annually as
of the market close on June 25. Arch Wireless, Inc., headquartered
in Westborough, Mass., is a leading wireless messaging and mobile
information company with operations throughout the United States.
It offers a full range of wireless messaging and wireless e-mail
services, including mobile data solutions for the enterprise, to
business and retail customers nationwide. Arch provides services to
customers in all 50 states, the District of Columbia, Puerto Rico,
Canada, Mexico and in the Caribbean principally through a
nationwide direct sales force, as well as through indirect
resellers, retailers and other strategic partners. Additional
information on Arch is available on the Internet at
http://www.arch.com/. Statement under the Private Securities
Litigation Reform Act: Statements contained herein which are not
historical fact, such as statements regarding the anticipated value
of inclusion in the Russell 3000 and the Russell 2000 indices and
the anticipated completion of the Metrocall merger, are forward-
looking statements for purposes of the safe harbor provisions under
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve risks and uncertainties that may
cause Arch's actual results to be materially different from the
future results expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from those expectations include, but are not limited to,
risks associated with the consummation of the Metrocall merger,
other merger and integration challenges, future capital needs,
performance and market acceptance of new products and services,
competitive pricing pressures, competition from both traditional
paging services and other wireless communications services, as well
as other risks described from time to time in Arch's periodic
reports and registration statements filed with the Securities and
Exchange Commission. Although Arch believes the expectations
reflected in the forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be
attained. Arch disclaims any intent or obligation to update any
forward-looking statements. Contact: Bob Lougee 508-435-6117
DATASOURCE: Arch Wireless, Inc. CONTACT: Bob Lougee of Arch,
+1-508-435-6117 Web site: http://www.arch.com/
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