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Vonage Expected to Join the Russell 3000 Index
Jun 14, 2010 (06:06 PM EDT)
HOLMDEL, N.J., June 14, /PRNewswire-FirstCall/ -- Vonage Holdings Corp., (NYSE: VG), a leading provider of high-quality voice and messaging services over broadband networks, today announced the Company is expected to join the broad-market Russell 3000® Index when Russell Investments updates its comprehensive set of U.S. and global equity indexes on June 25, according to a preliminary list of additions posted June 11 on www.russell.com. Membership in the Russell 3000 remains in place for one year. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"We are very pleased that Vonage has been chosen to be included in the Russell 3000 Index, one of the nation's most prestigious stock market indexes," said Marc Lefar, Vonage Chief Executive Officer. "We believe this will increase Vonage's visibility with investors and institutions that rely on the Russell indexes as part of their investment strategy.
"Our inclusion in the Russell 3000 is recognition of Vonage's progress in the past year and reflects another positive step as the Company seeks to deliver compelling new voice and messaging services and capitalize on the many attractive opportunities in the marketplace."
Vonage (NYSE: VG) is a leading provider of high quality voice and messaging services over broadband networks. Our award winning technology serves approximately 2.4 million subscribers. We provide feature-rich, affordable communication solutions that offer flexibility, portability and ease-of-use.
Our Vonage World plan offers free unlimited calling to landline phones in all cities and locations in more than 60 countries with popular features like call waiting, call forwarding and voicemail — for one low, flat monthly rate.
Vonage's service is sold on the web and through regional and national retailers including Wal-Mart Stores Inc. and is available to customers in the U.S., Canada and the United Kingdom. For more information about Vonage's products and services, please visit http://www.vonage.com.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage® is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp.
SOURCE Vonage Holdings Corp.