Art Technology Group Added to Russell 3000 -R- and Russell 1000 -R-.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 12, 2000 Art Technology Group, Inc. ("ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ") (Nasdaq:ARTG ARTG Australian Register of Therapeutic Goods ) today announced that it has been added to the Russell 3000(R) and the Russell 1000(R) indexes. Published by the Frank Russell Company, these indexes are updated each year on May 31 and rank the 3,000 and 1,000 largest companies on the U.S. stock market. "We are very proud of ATG's numerous operational and financial accomplishments during its first year as a public company," stated Jeet Singh, chief executive officer of ATG. "Even more rewarding, however, has been the recognition that we continue to receive from our customers, partners and industry peers. The addition of ATG to the Russell 3000 and Russell 1000 is yet another success - one that we owe to the steadfast support of our shareholders. We expect that the company will benefit from this increased visibility going forward." The Russell 3000 Index The Russell 3000 Index is a stock market index of US stocks. The ticker is "RUA" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 3000. measures the performance of the 3,000 largest public companies listed on U.S. stock exchanges, based on total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. . The Russell 1000 measures the performance of the 1,000 largest companies in the Russell 3000 Index. The Russell 1000 and the Russell 3000 are leveraged as performance benchmarks by which many institutional and individual investors base their buying and selling decisions. ATG completed its successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. on July 21, 1999, a follow-on offering Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project. on November 10, 1999 and a two-for-one stock split on March 27, 2000. In the first quarter of 2000, the company reported total revenues of $21.6 million, a 391 percent increase over the $4.4 million reported in the first quarter of 1999. ATG's customer roster now includes more than 350 companies and its partner list now exceeds 150 corporations worldwide. About ATG Art Technology Group, Inc. is a leading provider of Internet customer relationship management and electronic commerce products and services. ATG offers an integrated suite of Java application server-based products and services, as well as related application development, integration, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The ATG Dynamo(R) Product Suite enables Global 1000 enterprises, as well as new businesses using the Internet as their primary business channel, to understand, manage, and build their online customer relationships and to more effectively market, sell, and support their products and services over the Internet. The Dynamo solution is designed to provide businesses with the core platform and software tools required to develop and deploy personalized, scalable, and reliable e-commerce Web sites. Dynamo is licensed to over 300 customers including 3M, BabyCenter, BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass Direct, Eastman Kodak, Informix, Network Solutions, Sun Microsystems, and TheStreet.com. The company is headquartered in Cambridge, MA, with additional locations throughout North America and Europe. This press release contains forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve known and unknown risks and uncertainties that may cause ATG's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important risk factors affecting ATG's business generally may be found in most recent 10-K and in periodic reports and registration statements filed with the Securities and Exchange Commission. Risk factors related to the subject matter of this press release include the possibility that the company will not continue to increase its visibility; that the partner and customer lists will decline in the future; and the costs and risks associated with intellectual property infringement and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . ATG undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
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