SAN DIEGO, CA – June 20, 2011 – The Active Network, Inc. (NYSE: ACTV), the leading provider of organization-based cloud computing applications, today announced it has been included in the preliminary list of additions to the Russell 2000 which will be rebalanced after market close on June 24, 2011.
"On the heels of our successful IPO in May, we see the addition to the Russell 2000 as a reflection of Active Network’s positive momentum and market leadership," said Scott Mendel, chief financial officer of Active Network. "The inclusion in the index marks another milestone for the Company.”
The Company's addition to the Russell 2000 is part of Russell Investments' annual index reconstitution process that is done yearly in order to maintain true representation of global equity markets, capitalization and style. The Russell 2000 index measures the performance of the 2,000 smallest companies in the Russell 3000 index.
About Russell Investments
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has about $161 billion in assets under management as of March 31, 2011, and serves individual, institutional and advisor clients in more than 35 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
About The Active Network, Inc.
The Active Network, Inc. is a leading provider of organization-based cloud computing applications serving diverse market segments including business events, community activities, outdoors and sports. Our technology platform, ActiveWorks™, transforms the way organizers manage their activities and events by automating online registrations and streamlining other critical management functions, while also driving consumer participation to their events. Our flagship media property, Active.com, is the leading online community for people who want to discover, participate in, and share activities about which they are passionate. Headquartered in San Diego, California since 1999, the company has over 25 offices worldwide. To learn more, visit us on the web: Corporate site: www.ActiveNetwork.com, consumer site: www.Active.com Twitter: http://twitter.com/#!/ActiveNetwork, http://twitter.com/#!/Active Facebook: www.facebook.com/active#!/ActivecomAbout
The Active Network, Inc. cautions you that the statements included in this press release that are not a description of historical facts are forward-looking statements within the meaning of the federal securities laws. Any such statements are subject to substantial risks and uncertainties, and actual results may differ materially from those expressed in these forward-looking statements. More detailed information about The Active Network, Inc. and the risks and uncertainties that may affect the realization of these forward-looking statements is set forth in its filings with the Securities and Exchange Commission (SEC). These filings may be read free of charge on the SEC's website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and The Active Network, Inc. undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
Mona Klausing, Active Network
Brinlea Johnson, The Blueshirt Group
© 2011 The Active Network, Inc. All rights reserved. Active.com is a registered trademark and Active Network is a trademark of The Active Network, Inc. All other trademarks are the property of their respective owners.