ATLANTA, June 20, 2011 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq:PRGX), the world's leading provider of recovery audit services and the pioneer in Profit DiscoveryTM, is set to join the U.S. broad-market Russell 3000®Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 24, according to a preliminary list of additions posted June 10 on .
Annual reconstitution of Russell's U.S. indexes captures and ranks the largest U.S. stocks as of the end of May by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® 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 also serves as the U.S. component of the Russell Global Index.
"The PRGX team is excited about being included in the Russell 3000 Index," said Romil Bahl, PRGX president and chief executive officer. "Not only is this validation of the results being achieved as we execute on our growth strategy, but it also increases our visibility with a broader number of investors and funds."
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.
More information about Russell Indexes, including total returns, is available at .
About PRGX Global, Inc.
Headquartered in Atlanta, Georgia, PRGX Global, Inc. is the world's leading provider of recovery audit services. With more than 1,400 employees, the company operates and serves clients in more than 30 countries and provides its services to more than 75 percent of the top 30 global retailers. PRGX is also pioneering Profit Discovery, a unique combination of audit, analytics, and advisory services that improves client financial performance. Beyond its core retail practice, PRGX is actively expanding into healthcare.
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.
CONTACT: PRGX Global, Inc. Alexandra Gobbi, Vice President, Marketing and Communications +1.770.779.3253 Fax: +1.770.779.3195 firstname.lastname@example.org 600 Galleria Parkway, Suite 100 Atlanta, GA 30339