SmartDisk Announces Inclusion in Russell 3000 Index.Business Editors NAPLES, Fla.--(BUSINESS WIRE)--July 11, 2000 SmartDisk Corporation (Nasdaq:SMDK), a company whose products simplify the digital lifestyle, today announced that its common stock has been added to the Russell(R) 3000 Equity Index, a leading investment ranking of U.S. stocks compiled by the Frank Russell Company. The addition of SmartDisk's stock was part of the annual reconstitution of 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. . Membership in Russell's 21 U.S. equity indexes, which are widely used as benchmarks for investment strategies, is determined by 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. and style attributes rather than by committee nomination or subjective opinion. The Russell 3000(R) index lists the 3,000 largest U.S. stocks and ranks them by market capitalization. "SmartDisk's addition to the Russell 3000(R) index confirms our strategy to build a business based on a strong foundation of world-class partnerships, innovative and patented technologies, and a keen vision of the unfolding opportunities in the digital appliance marketplace," said Michael S. Battaglia, President and 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. , SmartDisk. "Our focus has been on helping consumers transform their PCs into multimedia centers for transferring, storing, managing and enjoying digital music, videos, images and other digital data. In short, our products simplify the digital lifestyle that consumers worldwide are embracing. The soundness of that corporate mission is reflected in events like our inclusion in the Russell 3000(R) index." SmartDisk completed its initial public offering in October 1999. Since then, the company has reported three consecutive quarters of record revenues and operating results. About SmartDisk Corporation SmartDisk designs, develops, manufactures and markets digital connectivity products and personal storage systems that allow consumers to easily access and exchange digital data. The Company is using its proprietary and patented technologies to capitalize on the growing demand for digital applications and increased usage of the Internet. SmartDisk's investors and partners include Apple, Hitachi, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , SanDisk, SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. Microsystems, Sony, Toshiba and others. For more information, go to www.smartdisk.com. This press release includes statements that may constitute forward-looking statements made pursuant to 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 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. Although SmartDisk Corporation believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. These statements may involve risks and uncertainties that could cause actual results to differ materially from the expected results. Such risks include, but are not limited to, our dependence on a limited number of contract and offshore manufacturers, our dependence on OEMs to promote our products, our ability to develop commercially viable products on a timely basis, our ability to generate sufficient cash from operations to support our growth strategies, and other risk factors, all as more fully described in SmartDisk's Annual Report of 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. and in other reports and periodic filings made from time to time with the Securities and Exchange Commission. All trade names appearing in this release are either trademarks or registered trademarks of their respective holders. |
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