SCOTTS VALLEY, Calif., June 26 /PRNewswire-FirstCall/ -- VirnetX Holding Corporation (NYSE Amex: VHC), a secure real-time communications and collaboration technology company, today announced that it will continue to be included in the Russell Microcap Index after Russell Investments completed its annual reconstitution of its family of U.S. indexes.
"We are pleased to retain our inclusion in the Russell Indexes in these turbulent financial times. We noted today's increased volume in trading of our shares and believe this represents rebalancing by investors within our index as new companies join the index and others are replaced," said VirnetX president and CEO Kendall Larsen. "Russell Microcap inclusion represents another important step in growing our presence and visibility in the investment community, the exposure gained from our listing will help our ongoing efforts to bring the VirnetX story to a wider audience of institutional investors. We have come to expect increased volume in our stock following the rebalancing within our index that occurs annually."
Introduced in 2005, the Russell Microcap Index measures the performance of the microcap segment of the U.S. equity markets and includes 1,000 of the smallest securities in the small-cap Russell 2000(R) Index and the next 1,000 securities -- in descending order by market cap -- trading on national exchanges. The index offers analysts, portfolio managers and other investors a comprehensive, unbiased benchmark by which to compare their performance.
Russell indexes are widely used by investment managers and institutional investors as benchmarks. Currently, more than $4.4 trillion is managed by institutional investors who use Russell indexes as benchmarks to guide their decision-making for both passive and active investment strategies.
About Russell
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has more than $213 billion in assets under management as of March 31, 2008, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company. http://www.russell.com/
About VirnetX
VirnetX Holding Corporation, a secure real-time communications and collaboration technology company, is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol. The Company's patent portfolio includes over 25 U.S. and foreign patents and pending applications which specifically cover the Company's unique GABRIEL Connection Technology. For more information, please visit http://www.virnetx.com/.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including those under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed with the SEC on March 31, 2009.
Press Contacts Greg Wood VirnetX Holding Corporation 831.438.8200 greg_wood@virnetx.com Rudy Barrio Allen & Caron 212.691.8087 r.barrio@allencaron.com
VirnetX Holding Corporation
CONTACT: Greg Wood of VirnetX Holding Corporation, +1-831-438-8200,
greg_wood@virnetx.com; or Rudy Barrio of Allen & Caron, +1-212-691-8087,
r.barrio@allencaron.com, for VirnetX Holding Corporation
Web Site: http://www.virnetx.com/
http://www.russell.com/
