TGC Industries Set to Join Russell 3000(R) Index
24 Juni 2009 - 2:00PM
PR Newswire (US)
PLANO, Texas, June 24 /PRNewswire-FirstCall/ -- TGC Industries,
Inc. (NASDAQ:TGE) announced today that it is set to join the
broad-market Russell 3000(R) Index when Russell Investments
("Russell") reconstitutes its comprehensive set of U.S. and global
equity indexes on June 26, 2009, according to a preliminary list of
additions posted on June 12, 2009 at http://www.russell.com/.
Inclusion in the Russell 3000 Index indicates that TGC Industries,
based upon its total market capitalization, will also automatically
be included in the widely followed Russell 2000(R) Index for U.S.
small-cap stocks. The annual reconstitution of Russell's U.S.
indexes captures the 4,000 largest U.S. stocks as of the end of
May, ranking them by total market capitalization. Membership in the
Russell 3000 Index, which remains in place for one year, means
automatic inclusion in either the large-cap Russell 1000(R) Index
or small-cap Russell 2000 Index, as well as the appropriate growth
and value style indexes. Russell determines membership for its
equity indexes primarily by objective, market-capitalization
rankings and style attributes. The Russell 3000 Index also serves
as the U.S. component of the Russell Global(R) Index, which Russell
launched in 2007. The Russell indexes 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 trillion in assets currently are benchmarked to
them. TGC Industries, Inc., based in Plano, Texas, with branch
offices in Houston, Oklahoma City and Denver, is one of the leading
providers of seismic data acquisition services throughout the
continental United States. CONTACTS: Wayne Whitener Chief Executive
Officer TGC Industries (972) 881-1099 Jack Lascar / Karen Roan
DRG&E (713) 529-6600 DATASOURCE: TGC Industries, Inc. CONTACT:
Wayne Whitener, Chief Executive Officer of TGC Industries,
+1-972-881-1099; or Jack Lascar or Karen Roan, both of DRG&E,
+1-713-529-6600, for TGC Industries, Inc. Web Site:
http://www.tgcseismic.com/ http://www.russell.com/
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