Business Services Industry
Monotype Imaging Joins Russell 2000 and Russell 3000 Indexes
Business Wire, Oct 4, 2007
WOBURN, Mass. -- Monotype Imaging Inc. (Nasdaq: TYPE), a leading global provider of text imaging solutions, has announced that it has been added to the Russell 3000[R] and Russell 2000[R] Indexes. The company, which completed its initial public offering in July 2007, was one of 35 recent initial public offerings to be included on the indexes at the close of the market on Sept. 28, 2007.
"As a newly publicly traded company, we're focused on delivering value to shareholders and our customers, who represent a wide spectrum of consumer electronics device manufacturers, software developers and creative professionals requiring fonts and font technologies," said Douglas J. Shaw, president and chief executive officer of Monotype Imaging. "We view our inclusion in the Russell Indexes as a positive step toward enhancing our visibility among institutional investors."
The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98 percent of the investable U.S. equity market. The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately ten percent of the total market capitalization of the Russell 3000 Index. The Russell indexes are reconstituted every year in June. In addition, eligible companies that complete initial public offerings are added each calendar quarter.
About Monotype Imaging
Based in Woburn, Mass., with regional offices in the U.K., Germany (Linotype), Mt. Prospect, Ill., Redwood City, Calif., Boulder, Colo., Japan and China, Monotype Imaging is a global provider of text imaging solutions for manufacturers and developers of consumer electronics devices including laser printers, copiers, mobile phones, digital televisions, set-top boxes, digital cameras and software applications and operating systems. The company also provides printer drivers and color imaging technologies to OEMs (original equipment manufacturers). Monotype Imaging technologies are combined with access to more than 9,000 typefaces from the Monotype[R], Linotype[R] and ITC[R] typeface libraries - home to some of the world's most widely used designs, including the Times New Roman[R], Helvetica[R] and ITC Franklin Gothic[TM] typefaces. Fonts are licensed to creative and business professionals through custom font designs, direct sales or e-commerce portals. Monotype Imaging offers fonts and industry-standard solutions that support all of the world's major languages. Information about the company and its products can be found at www.monotypeimaging.com, www.fonts.com, www.linotype.com, www.monotypefonts.com, www.itcfonts.com, www.customfonts.com, www.fontwise.com, www.fonts.hk and www.faces.co.uk.
Monotype is a trademark of Monotype Imaging Inc. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. Times New Roman is a trademark of The Monotype Corp. registered in the U.S. Patent and Trademark Office and may be registered in certain other jurisdictions. ITC is a trademark of International Typeface Corp. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. ITC Franklin Gothic is a trademark of International Typeface Corp. which may be registered in certain jurisdictions. Linotype is a trademark of Linotype GmbH registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions. Helvetica is a trademark of Linotype Corp. registered in the U.S. Patent and Trademark Office and may be registered in certain jurisdictions in the name of Linotype Corp. or its licensee Linotype GmbH. Russell Investment Group is the owner of the trademarks, service marks and copyrights related to its indexes. All other trademarks are the property of their respective owners. (c) 2007 Monotype Imaging Inc. All rights reserved.
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