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[QUOTE]Originally posted by raybond: [QB] FONAR Set to Join Russell 3000 Index GlobeNewswire•June 23, 2017 Comment MELVILLE, N.Y., June 23, 2017 (GLOBE NEWSWIRE) -- FONAR Corporation (FONR), The Inventor of MR Scanning™, reported today that it is set to join the broad-market Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted June 9 and today, June 23. The annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as in appropriate growth and value style indexes. FTSE (Financial Times and Stock Exchange) Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Raymond Damadian, founder and Chairman of FONAR said, “I am proud of this remarkable milestone for our Company. It is based on our Company’s share price and is an indication that we have been delivering shareholder value. It is a result of the successful strategy we have put in place in recent years that has allowed the Company to be profitable for 28 consecutive quarters.” Timothy R. Damadian, President and CEO of FONAR said, “FONAR’s inclusion in the Russell 3000 is important because it gives institutions, mutual funds and the investing community greater visibility of our Company. They’re all looking for successful value stocks, and we’ve shown that FONAR can deliver.” Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website. About FTSE Russell: FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $12.5 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group [/QB][/QUOTE]
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