SRS Labs Joins Russell 2000(R) Index
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SANTA ANA, Calif., June 30 /PRNewswire-FirstCall/ -- SRS Labs, Inc. (Nasdaq:
SRSL), the industry leader in surround sound, audio and voice technologies,
was added to the U.S. small-cap Russell 2000(R) Index after the equity markets
closed on June 26, 2009. Membership in the Russell 2000, which remains in
place for one year, is based on membership in the broad-market Russell 3000(R)
Index.
Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest
U.S. stocks ranked by total market capitalization as of the end of May.
Russell determines membership for its equity indexes primarily by objective
market-capitalization rankings and style attributes.
The Russell 2000 Index measures the performance of the small-cap segment of
the U.S. equity universe. The Russell 2000 Index is a subset of the Russell
3000 Index representing approximately 10% of the total market capitalization
of that index. The Russell 2000 is constructed to provide a comprehensive and
unbiased small-cap barometer and is completely reconstituted annually to
ensure larger stocks do not distort the performance and characteristics of the
true small-cap opportunity set.
"The addition of SRS Labs to the Russell 2000 Index represents another
milestone for our company," said Thomas C.K. Yuen, SRS Lab's chairman and CEO.
"Our inclusion in the Russell 2000 expands awareness among institutional
investors and the investment community of our accomplishments, as well as our
strong potential for growth this year. We believe this listing is another
indication that our investment in sales, marketing and engineering
infrastructure over the last year is beginning to pay off in terms of
increased revenue and major design wins."
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. An industry-leading $4.4 trillion in assets currently
are benchmarked to them. These investment tools originated from Russell's
multi-manager investment business in the early 1980's when the company saw the
need for a more objective, market-driven set of benchmarks in order to
evaluate outside investment managers.
Real-time market analysis on the Russell Indexes is available at
http://www.russell.com/Indexes/performance/real_time_market_analysis.asp.
About Russell Investments
Russell Investments provides strategic advice, world-class implementation,
state-of-the-art performance benchmarks and a range of institutional-quality
investment products. Russell has $136 billion in assets under management as of
March 31, 2009, 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. For more information on Russell
indexes, go to www.russell.com.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing
for consumer electronics. Beginning with the audio technologies originally
developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is
recognized by the industry as the foremost authority in research and
application of human auditory principles. Through partnerships with leading
global CE companies, semiconductor manufacturers and software partners, SRS
audio, surround sound and voice processing technologies have been included in
over one billion electronic products sold worldwide including HDTVs, mobile
phones, portable media devices, PCs and automotive entertainment. In fact, SRS
Labs is the de facto standard of HDTV audio processing with nine of the top
ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs
surround sound solutions provide the professional broadcast and recording
industries with high-performance production, back-haul, storage, and
transmission capability. SRS Labs supports manufacturers worldwide with
offices in the U.S., China, Europe, Japan, Korea and Taiwan. For more
information, visit www.srslabs.com.
Company Contacts:
Ulrich Gottschling
Chief Financial Officer
SRS Labs, Inc.
Tel 949-442-5596
ir@srslabs.com
Matt Glover
Investor Relations
Liolios Group, Inc.
Tel 949-574-3860
info@liolios.com
SOURCE SRS Labs, Inc.
Ulrich Gottschling, Chief Financial Officer of SRS Labs, Inc.,
+1-949-442-5596, ir@srslabs.com; or Matt Glover, Investor Relations of Liolios
Group, Inc., +1-949-574-3860, info@liolios.com, for SRS Labs, Inc.
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