SANTA ANA, Calif. and ISMANING, Germany, June 20, 2011 (GLOBE NEWSWIRE) -- Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), a provider of products, services and solutions for the security, identification and RFID industries, today announced that it has qualified for and been selected to join the Russell Global Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 24, 2011, according to a preliminary list of additions posted June 10, 2011, available at .
Annual reconstitution of Russell's U.S. indexes captures and ranks the 4,000 largest U.S. publicly traded stocks as of the end of May by total market capitalization. Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Ayman S. Ashour, Chairman and CEO of Identive Group, said, "There is no index family in the world that rivals the size, credibility and buying power of the Russell group. Inclusion in its indices will not only likely broaden our shareholder base and market exposure, but we believe it will drive demand for our stock, as index buyers rebalance their portfolios in the weeks ahead. We are pleased to be included in this year's Russell Global."
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 $3.9 trillion in institutional assets currently are benchmarked to them. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
More information about Russell Indexes, including total returns, is available at .
About Russell:
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 Identive Group
Identive Group, Inc. is an international technology company focused on building the world's signature group in secure identification-based technologies. The businesses within Identive Group have deep industry expertise and are well-known global brands in their individual markets, providing leading-edge products and solutions in the areas of physical and logical access control, identity management and RFID systems to governments, commercial and industrial enterprises and consumers. Identive's growth model is based on a combination of strong technology-driven organic growth from the businesses within the group and disciplined acquisitive development.
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CONTACT: Identive Group, Inc. Darby Dye 949-553-4251 ddye@identive-group.com Annika Olesner +49 89 95 95 5220 aoelsner@identive-group.com Allen & Caron Rudy Barrio (Investors) +1 212 691 8087 r.barrio@allencaron.com Len Hall (Media) +1 949 474 4300 len@allencaron.com
