GRIC Communications Joins the Russell 2000 Index
MILPITAS, Calif., July 12 /PRNewswire/ -- GRIC Communications, Inc. (Nasdaq: GRIC), the leading provider of multiple value-added Internet services for service providers, including voice over Internet Protocol (VoIP) and Internet roaming, today announced its inclusion in the newly rebalanced Russell 2000(R) Index. Membership in the index, recently published by the Frank Russell Company, is based on market capitalization and remains in place for one year.
"We are excited to be among the companies added to the Russell 2000 Index, capping a year of strong growth during which GRIC has established itself as a leader in the fast growing Internet communications market," said Joseph M. Zaelit, GRIC's senior vice president and CFO. "Membership in a major stock index like the Russell 2000 further enhances our visibility with the investment community and among our global corporate customers."
Membership in each of Russell's 21 U.S. equity indexes -- widely used by investment managers as benchmarks for both passive and active investment strategies -- is determined strictly by market capitalization rankings, rather than by subjective opinion. These indexes are rebalanced annually based on total market capitalization as of the end of each May. About GRIC Communications, Inc.
GRIC Communications, Inc. is the worldwide leader in delivering multiple IP-based services on a single, open standards-based platform to ISPs, telecommunications companies and other emerging communications providers. Combining state-of-the-art technology with its managed global GRIC Alliance Network(TM) of more than 350 service providers, GRIC delivers access and termination for IP telephony (voice and prepaid), remote Internet access, PC-to-phone solutions, and corporate secure remote access around the world. Headquartered in Milpitas, California, GRIC has offices in the U.S., Asia and Europe. Visit GRIC at www.gric.com.
NOTE: GRIC, GRIC Alliance Network, and the GRIC logo are trademarks of GRIC Communications, Inc. All other trademarks mentioned in this document are the property of their respective owners.
This news release may include "forward-looking" statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense are forward-looking statements. These forward-looking statements are based on information available to us at the time of the release and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including our limited operating history, which makes it difficult to predict our performance, and the unproven nature of our market and customer acceptance of our products. These and other risks and uncertainties associated with our business are detailed in our most recent reports on Form 10-K and Form 10-Q on file with the SEC and available through www.sec.gov.
MILPITAS, Calif., July 12 /PRNewswire/ -- GRIC Communications, Inc. (Nasdaq: GRIC), the leading provider of multiple value-added Internet services for service providers, including voice over Internet Protocol (VoIP) and Internet roaming, today announced its inclusion in the newly rebalanced Russell 2000(R) Index. Membership in the index, recently published by the Frank Russell Company, is based on market capitalization and remains in place for one year.
"We are excited to be among the companies added to the Russell 2000 Index, capping a year of strong growth during which GRIC has established itself as a leader in the fast growing Internet communications market," said Joseph M. Zaelit, GRIC's senior vice president and CFO. "Membership in a major stock index like the Russell 2000 further enhances our visibility with the investment community and among our global corporate customers."
Membership in each of Russell's 21 U.S. equity indexes -- widely used by investment managers as benchmarks for both passive and active investment strategies -- is determined strictly by market capitalization rankings, rather than by subjective opinion. These indexes are rebalanced annually based on total market capitalization as of the end of each May. About GRIC Communications, Inc.
GRIC Communications, Inc. is the worldwide leader in delivering multiple IP-based services on a single, open standards-based platform to ISPs, telecommunications companies and other emerging communications providers. Combining state-of-the-art technology with its managed global GRIC Alliance Network(TM) of more than 350 service providers, GRIC delivers access and termination for IP telephony (voice and prepaid), remote Internet access, PC-to-phone solutions, and corporate secure remote access around the world. Headquartered in Milpitas, California, GRIC has offices in the U.S., Asia and Europe. Visit GRIC at www.gric.com.
NOTE: GRIC, GRIC Alliance Network, and the GRIC logo are trademarks of GRIC Communications, Inc. All other trademarks mentioned in this document are the property of their respective owners.
This news release may include "forward-looking" statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense are forward-looking statements. These forward-looking statements are based on information available to us at the time of the release and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including our limited operating history, which makes it difficult to predict our performance, and the unproven nature of our market and customer acceptance of our products. These and other risks and uncertainties associated with our business are detailed in our most recent reports on Form 10-K and Form 10-Q on file with the SEC and available through www.sec.gov.
