Citizens Inc. Included in Russell Stock Indexes.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--July 16, 2001 Citizens Inc. (AMEX AMEX See: American Stock Exchange :CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). ) announced it has been named to the Russell 3000(R) stock index. The Russell 3000 measures the performance of the 3,000 largest companies in the U.S. stock market, based on market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Additionally, the Company is included in the Russell 2000(R) Index, which is comprised of the top 2000 "small cap" stocks in the U.S. The companies included in the Russell 3000 represent approximately 98 percent of the investable U.S. equity market. The median market capitalization of companies included in this index was approximately $731 million. The 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 reviewed annually using objective criteria, primarily market capitalization, and do not reflect any subjective opinions. "Inclusion in the Russell indices is an important event in Citizens' story and reflects the Company's increasing presence in the marketplace," said Harold E. Riley, Chairman of the Board. Citizens Inc. is a financial services company that is listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol CIA. Its growth strategy is to achieve $1 billion in assets, $250 million in revenues and $10 billion of life insurance in force targeting the sale of U.S. dollar whole life insurance products in both the United States as well as international markets, and the acquisition of life insurance companies. The stock closed at $7.31 on July 13, 2001. Additional information is available at the Company's Web site: www.citizensinc.com. Information herein contains forward-looking statements within the meaning of 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, which can be identified by words such as "may," "will," "expect," "anticipate" or "continue" or comparable words. In addition, all statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of the Company, particularly its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Dec. 31, 2000, for the meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management. |
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