CPI Aerostructures Added to the Russell Microcap(R) Index.EDGEWOOD, N.Y. -- CPI Aerostructures, Inc. ("CPI Aero[R]") (AMEX AMEX See: American Stock Exchange : CVU CVU Canadian Virtual University CVU Cerner Virtual University CVU Corvo Island, Azores, Portugal (airport code) CVU Case Value Update ) today announced that it has been added to the Russell Microcap[R] Index. Edward J. Fred, CPI Aero's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. & President stated, "We are very proud to be included in the Russell Microcap[R] Index. It is a significant achievement for CPI Aero, as it reflects the dramatic turnaround and growth in our business. We believe that being part of such an influential and actively traded index should increase our stock's liquidity and exposure to institutional shareholders." Russell indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to a company's weighting in the particular index. Annual reconstitution of Russell indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. to create the Russell 3000[R] and Russell Microcap Indexes. The largest 1,000 companies in the ranking comprise the Russell 1000[R] while the remaining 2,000 companies become the widely used Russell 2000[R]. The Microcap Index measures performance of the microcap segment, and includes the smallest 1,000 companies in the Russell 2000[R] Index plus the next 1,000 companies. About CPI Aero CPI Aero is engaged in the contract production of structural aircraft parts for the U.S. Air Force, other branches of the armed forces and leading prime defense contractors. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the C-5A C-5A Galaxy (USAF cargo aircraft) Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS AWACS (Airborne Warning and Control System) Mobile, long-range radar surveillance-and-control centre for air defense. Used by the U.S. Air Force since 1977, AWACS is mounted in a specially modified Boeing 707 aircraft, with its main radar antenna affixed to a rotating dome. jet, UH-60 Black Hawk For other uses of Blackhawk/Black Hawk, see Black Hawk. The Sikorsky UH-60 Black Hawk is a medium-lift utility or assault helicopter derived from the twin-turboshaft engine, single rotor Sikorsky S-70. helicopter, the Sikorsky S-92 helicopter, the MH-60S mine countermeasure helicopter, and the Gulfstream G-650. The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2007, and Form 10-Q for the quarter ended March 31, 2008. CPI Aero([R]) is a registered trademark of CPI Aerostructures, Inc. |
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