Milwaukee, Wis., July 1, 2014 – ARI Network Services, Inc. (NASDAQ: ARIS) announced today that it has been added to the Russell Microcap Index as part of Russell Investments’ June 27, 2014, reconstitution of its comprehensive set of U.S. and global indices.
“Inclusion in the Russell Microcap Index raises our profile within the institutional investment community, and validates the progress ARI has made since re-listing on the NASDAQ, ” said Roy W. Olivier, ARI President and Chief Executive Officer.
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 capitalization to create the Russell 3000 Index and Russell Microcap Index.
About ARI
ARI Network Services, Inc. (ARI) (NASDAQ: ARIS) offers an award-winning suite of data-driven software tools and marketing services to help dealers, equipment manufacturers and distributors in selected vertical markets Sell More Stuff!™ – online and in-store. Our innovative products are powered by a proprietary data repository of enriched original equipment and aftermarket electronic content spanning more than 10.5 million active part and accessory SKUs, 469, 000 models and $1.7 billion in retail product value. Business is complicated, but we believe our customers’ technology tools don’t have to be. We remove the complexity of selling and servicing new and used vehicle inventory, parts, garments and accessories (PG&A) for customers in the automotive tire and wheel aftermarket, powersports, outdoor power equipment, marine, home medical equipment, recreational vehicles and appliance industries. More than 22, 000 equipment dealers, 195 distributors and 1, 500 manufacturers worldwide leverage our web and eCatalog platforms to Sell More Stuff!™ For more information on ARI, visit investor.arinet.com.
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For media inquiries, contact:
Colleen Brousil, Director of Marketing, ARI, +1.414.973.4323, Colleen.Brousil@arinet.com
Investor inquiries, contact:
Steven Hooser, Three Part Advisors, +1.214.872.2710, shooser@threepa.com