VSE Stock Added to Russell 3000(R) Index
ALEXANDRIA, Va.--
VSE Corporation (Nasdaq:VSEC) was added to the broad-market Russell 3000(R) Index effective with the close of the market on June 27, 2008, when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes.
VSE CEO/President/COO Mo Gauthier said, "We are pleased that VSE as a publicly-traded company has achieved this milestone. We anticipate that VSE stock will gain increased visibility as part of our inclusion in Russell 3000(R) index."
The annual reconstitution of Russell's U.S. indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. VSE membership in the Russell 3000(R) Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000(R) Index and Russell Microcap(R) Index, as well as the appropriate growth and value style indexes.
Established in 1959, VSE is a diversified professional services company providing engineering and consulting services, systems integration, infrastructure support, and information technology management and solutions, principally to agencies of the United States Government and other government prime contractors at locations across the United States and around the world. For more information on VSE and BAV Division services and products, please see the Company's web site at www.vsecorp.com or contact Len Goldstein, Director of Business and New Product Development at (703) 317-5202.
This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission.
Source: VSE Corporation
Released July 2, 2008
