Newtek Business Services Added to Russell Microcap Index
A provider of business services and financial products to the small and medium-sized business market, today announced it has been added to the Russell Microcap Index according to the list of newly reconstituted Russell U.S. and global equity indices on June 27, 2008.
Russell indices are widely used as benchmarks for both active and passive investment strategies. Newtek will hold its membership until Russell reconstitutes its indices in June 2009.
“We believe the Company’s inclusion in this index will bring Newtek’s investment merits to a significantly broader range of investors who rely on the Russell indices as a key part of their investment strategy,” said Barry Sloane, Newtek’s chairman and chief executive officer.
Newtek Business Services, Inc. is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek brand(tm). Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses, and to compete effectively in today’s marketplace. Newtek provides one or more of its services to over 88,000 business accounts, and has positioned the Newtek(tm) brand as a one-stop-shop provider of such business services. According to the U.S. Small Business Administration, there are over 26.8 million small businesses in the United States, which in total represent 99.7 percent of all employer firms.
Tags: business, businesses, chief executive, small business, small businesses
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