Viggle Inc. (NASDAQ: VGGL), the entertainment marketing and
rewards platform, today announced that it will be added to the
Russell Microcap® Index when Russell
Investments reconstitutes its comprehensive set of U.S. and global
equity indexes on June 27, 2014, according to a preliminary list of
additions posted June 13, 2014 on www.russell.com/indexes.
"We are very pleased to have been added to the Russell Microcap Index,"
said Greg Consiglio, President and COO of Viggle Inc. "Being included in
the index is a great accomplishment for our company and we look forward
to furthering our exposure in the investment community as we continue to
grow our business."
Membership in the Russell Microcap Index, which remains in place for one
year, means automatic inclusion in the appropriate growth and value
style indexes. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
attributes. Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for active
investment strategies. Russell calculates more than 700,000 benchmarks
daily, covering approximately 98 percent of the investable market
globally, 80 countries and more than 10,000 securities. Approximately
$5.2 trillion in assets are benchmarked to the Russell Indexes.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market capitalizaton
to create the Russell 3000® Index and Russell Microcap Index.
These investment tools originated from Russell's multi-manager
investment business in the early 1980s when the company saw the need for
a more objective, market-driven set of benchmarks in order to evaluate
outside investment managers.
Russell Investments (Russell) is a global asset manager and one of only
a few firms that offer actively manage multi-asset portfolios and
services that include advice, investments and implementation. Russell
stands with institutional investors, financial advisors and individuals
working with their advisors-using the firm's core capabilities that
extend across capital market insights, manager research, portfolio
construction, portfolio implementation and indexes to help each achieve
their desired investment outcomes. Russell has more than $259 billion in
assets under management (as of 3/31/2014) and works with over 2,500
institutional clients, independent distribution partners and individual
investors globally. As a consultant to some of the largest pools of
capital in the world, Russell has $2.4 trillion in assets under
advisement (as of 6/30/2013). It has four decades of experience
researching and selecting investment managers and meets annually with
more than 2,200 managers around the world. Russell traded more than $1.6
trillion in 2013 through its implementation services business. It also
calculates approximately 700,000 benchmarks daily covering 98% of the
investable market globally, including more than 80 countries and more
than 10,000 securities. Approximately $5.2 trillion in assets are
benchmarked (as of 12/31/2013) to the Russell Indexes, which have
provided investors with 30 years of smarter beta.
About Viggle Inc.
Viggle is an entertainment marketing and rewards platform whose app
rewards its members for watching TV shows and discovering new music. The
Viggle mobile app has over 4 million users. Since its launch, Vigglers
have redeemed over $18 million in rewards for watching their favorite TV
programs and listening to music. In addition, Viggle operates Wetpaint,
which offers entertainment and celebrity news online. Viggle also
operates Dijit Media, maker of technology that helps consumers search
for, find, and set reminders for TV shows and movies. For more
information, visit www.viggle.com
or follow us on Twitter @Viggle.
Safe Harbor Statement
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and as
defined in the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially from
those projected or anticipated. All information provided in this press
release is as of June 24, 2014. Except as required by law, Viggle Inc.
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements are
made or to reflect the occurrence of unanticipated events.
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