Colfax Corporation Added to Russell 2000(R) Index
July 02 2008 - 10:53AM
PR Newswire (US)
RICHMOND, Va., July 1 /PRNewswire-FirstCall/ -- Colfax Corporation
(NYSE: CFX), a global leader in engineered fluid handling products
and systems, today announced that it was added to the Russell
2000(R) Index after the markets closed on June 27, 2008 as Russell
reconstituted its comprehensive family of global indexes. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO ) "We are
very pleased to be a part of the Russell 2000 Index following our
successful IPO in the second quarter of 2008," said John Young,
President and CEO. "The addition of Colfax to the Russell 2000 will
increase our visibility among investors, provide an opportunity to
broaden our shareholder base and, ultimately, enhance our efforts
to deliver outstanding value to our shareholders." The annual
reconstitution of the Russell 3000(R) Index 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(R) Index and the next 2,000 companies
become the Russell 2000 Index. The Russell 2000 Index is
constructed to provide a comprehensive and unbiased small-cap
barometer and is completely reconstituted annually to prevent
distortion of performance by larger stocks and to maintain the
integrity of characteristics of the true small-capitalization
opportunity set. Russell indexes are widely used by investment
managers and institutional investors for both index funds and as
benchmarks for passive and active investment strategies. For more
information on Russell indexes, go to http://www.russell.com/.
ABOUT COLFAX CORPORATION Colfax Corporation is a global leader in
critical fluid-handling solutions, including the manufacture of
positive displacement industrial pumps and valves used in global
oil & gas, power generation, marine, naval and a variety of
other industrial applications. Key product brands include
Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland
Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE
under the ticker "CFX." Additional information about Colfax's
products, businesses and practices is available at
http://www.colfaxcorp.com/. CAUTIONARY NOTE CONCERNING
FORWARD-LOOKING STATEMENTS This press release contains
forward-looking statements, including forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements include, but are not
limited to, statements concerning Colfax's plans, objectives,
expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based
on Colfax's current expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements.
Factors that could cause Colfax's results to differ materially from
current expectations include, but are not limited to, those
detailed in Colfax's Registration Statement on Form S-1 under the
caption "Risk Factors" and other reports filed by Colfax with the
U.S. Securities and Exchange Commission. In addition, these
statements are based on a number of assumptions that are subject to
change. This press release speaks only as of this date. Colfax
disclaims any duty to update the information herein.
http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO
http://photoarchive.ap.org/ DATASOURCE: Colfax Corporation CONTACT:
Investor Contact: Scott Faison, Senior VP and Chief Financial
Officer of Colfax Corporation, +1-804-327-7378, Web Site:
http://www.colfaxcorp.com/ http://www.russell.com/
Copyright