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Navigant International Named to Russell 2000 Index.

Business Editors

DENVER--(BUSINESS WIRE)--July 10, 2001

Navigant International (Nasdaq: FLYR, www.navigant.com), the second largest supplier of corporate travel management services in the U.S., has been selected for inclusion in the Russell 2000(R) Index of small capitalization stocks. The addition was the result of the Frank Russell Company's annual reconstitution of its investment indexes, which took effect on July 1, 2001. The membership list for the Russell 2000(R) was made public at www.russell.com on the evening of July 9.

Robert Griffith, Navigant International's Chief Financial Officer said, "Navigant's inclusion in the Russell 2000 reflects our strong and consistent growth and increasing market presence. We look forward to the added visibility that inclusion in the index -- considered the performance benchmark for U.S. small cap investing -- will bring."

The Russell 2000(R) Index measures the performance of the 2,000 smallest companies in the Russell 3000(R) Index, and represents approximately 8% of the total market capitalization of the Russell 3000(R) Index, which, in turn, represents approximately 98% of the investable U.S. equity market. As of the 2001 reconstitution, the median market capitalization of companies included in the Russell 2000(R) Index was approximately $410.3 million, with the largest company having a market capitalization of $1.4 billion and the smallest company having a market capitalization of $146.8 million.

Frank Russell Company, a wholly-owned subsidiary of Northwestern Mutual Life, produces a family of 21 U.S. equity indexes. More than $180 billion is invested in funds that rely on Russell's U.S. indexes as investment models.

About Navigant International

Denver-based Navigant International is the second largest travel management services provider in the U.S. with more than 13,000 corporate, government, military, leisure, and meetings and incentive clients. The Company's "bricks and clicks" end-to-end travel solutions include corporate travel pattern analysis and reporting tools, travel policy development, consulting on cost saving opportunities, airline ticket, hotel and rental car reservations, meeting and convention planning, as well as leisure travel products. With over $4.2 billion in annual gross airline ticket sales, the company currently has approximately 6,000 employees in 900 offices and on-site travel operations throughout the U.S., various U.S. territories and in 10 foreign countries. Navigant's shares are traded on the NASDAQ National Market under the ticker symbol "FLYR."

This news release contains forward-looking statements, including statements about the Company's growth strategies and opportunities, the integration of prior or potential future acquisitions, and general industry or business trends or events. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual events or results may differ materially from those discussed in the forward-looking statements as a result of various factors, including, without limitation, general economic conditions, and risks related to integration of operations and acquisitions, and the risk factors described in the Company's report on Form 8-K, dated January 21, 1999, and the risk factors detailed from time to time in the Company's SEC reports, including the reports on Forms 10-K and 10-Q. The forward-looking statements made herein are only as of the date of this press release, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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Publication:Business Wire
Date:Jul 10, 2001
Words:549
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