STAMPS.COM ADDED TO THE RUSSELL 3000 INDEX AND THE RUSSELL 2000 INDEX
SANTA MONICA, Calif. – July 20, 2000 – Stamps.com(tm) (Nasdaq: STMP), the leading provider of Internet mailing and shipping services, today announced its addition to the Russell 3000(R) and Russell 2000(R) Indices. Constructed by the Frank Russell Company, the indices are reconstituted on June 30 of each year.
The Russell 3000 Index is comprised of the 3,000 largest U.S. companies that are ranked based on total market capitalization. The Russell 2000 Index, representing the 2,000 smallest stocks in the Russell 3000, is a leading benchmark for the small cap market. According to the Frank Russell Company, the stocks of the Russell 3000 make up approximately 98% of the investable U.S. equity market, and more than $177 billion is invested in index funds using its U.S. stock indices as their model.
“I am pleased with our inclusion in such a prestigious and successful peer group,” said John Payne, chairman and CEO, Stamps.com. “Execution and performance in our early stages as a public company has provided us the market capitalization for inclusion in this index at the first possible time after our initial public offering.”
Stamps.com™ provides the easiest, smartest way to mail or ship letters, packages or parcels anywhere, anytime. Stamps.com operates three business units focused on providing valuable e-services that allow small businesses, large corporations and e-commerce companies to control costs and efficiently manage their mailing, shipping and returns operations. Its business is anchored in key relationships with the U.S. Postal Service and United Parcel Service (UPS) and other carriers, including FedEx, Airborne Express, DHL and Yellow Freight. Stamps.com’s subsidiary, EncrypTix Inc., leverages its highly secure, patented technologies enabling companies to provide value-bearing documents like tickets, coupons and certificates over the Internet to consumers. Stamps.com International will extend the company’s reach into foreign markets. Visit sdcmainprod.wpengine.com for more information.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by Stamps.com, including its annual report on Form 10-K/A for the fiscal year ended December 31, 1999 and its quarterly report on Form10-Q for the fiscal quarter ended March 31, 2000. Stamps.com undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Stamps.com, iShip, iReturn and the Stamps.com, iShip and iReturn logos are trademarks of Stamps.com Inc. All other brands and names are property of their respective owners.