PHOENIX, June 25, 2012 /PRNewswire/ -- Inventure
Foods, Inc. (Nasdaq: SNAK), a leading specialty food marketer and
manufacturer, today announced it has been added to the Russell
3000® Index and Russell 2000® Index when Russell Investments
reconstituted its comprehensive set of U.S. and global equity
indexes on June 22, 2012.
"We are excited to be recognized among the influential movers in
today's market," said Terry
McDaniel, Chief Executive Officer of Inventure Foods. "The
addition to the Russell 2000 is a notable highlight and reiterates
our positive momentum as we continue to experience investor
interest in our stock. We are pleased to share this milestone with
all of our key stakeholders and look forward to the new
opportunities it will bring."
Inventure Foods recently reported record net revenues of
$47.0 million for the first quarter,
an increase of 28.3%, versus the prior-year first quarter. Record
quarterly earnings resulted in a 22.4% increase and were
highlighted by double-digit net revenue growth in both the Snack
and Frozen segments, which grew 11.3% and 53.1%,
respectively.
Russell indexes are widely used by investment managers and
institutional investors for both index funds and as benchmarks for
passive and active investment strategies. In the
institutional marketplace, an industry-leading $3.9 trillion in assets currently are benchmarked
to them. The Company will hold its membership until Russell
reconstitutes its indexes in June
2013.
The annual reconstitution of the Russell 3000 captures the 3,000
largest U.S. stocks as of the end of May, ranking them by total
market capitalization. The largest 1,000 companies in this
ranking comprise the Russell 1000 and the next 2,000 companies
become the Russell 2000. The Russell 3000 also serves as the U.S.
component to the Russell Global Index, which Russell launched in
2007.
About Russell
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offers actively managed, multi-asset
portfolios and services that include advice, investments and
implementation. Working with institutional investors, financial
advisors and individuals, Russell's core capabilities extend across
capital markets insights, manager research, Indexes, portfolio
implementation and portfolio construction.
About Inventure Foods, Inc.
With manufacturing facilities in Arizona, Indiana and Washington, Inventure Foods, Inc. (Nasdaq:
SNAK) is a marketer and manufacturer of specialty food brands in
better-for-you and indulgent categories under a variety of Company
owned and licensed brand names, including Boulder Canyon Natural
Foods™, Jamba®, Rader Farms®, T.G.I.
Friday's®, Nathan's Famous®, BURGER KING™, Poore Brothers®,
Tato Skins® and Bob's Texas Style®. For further information about
Inventure Foods, please visit www.inventurefoods.com.
Statements contained in this press release that are not
historical facts are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Because such statements include risks and uncertainties, actual
results may differ materially from those expressed or implied by
such forward-looking statements. Factors that may cause actual
results to differ from the forward-looking statements contained in
this press release and that may affect the Company's prospects in
general include, but are not limited to, general economic
conditions, increases in cost or availability of ingredients,
packaging, energy and employees, price competition and industry
consolidation, ability to execute strategic initiatives, product
recalls or safety concerns, disruptions of supply chain or
information technology systems, customer acceptance of new products
and changes in consumer preferences, food industry and regulatory
factors, interest rate risks, dependence upon major customers,
dependence upon existing and future license agreements, the
possibility that we will need additional financing due to future
operating losses or in order to implement the Company's business
strategy, acquisition-related risks, the volatility of the market
price of the Company's common stock, and such other factors as are
described in the Company's filings with the Securities and Exchange
Commission.
SOURCE Inventure Foods, Inc.