Safeguard Scientific : Safeguard Scientifics Added to Russell 2000(R) Index
July 10, 2006 at 09:10 am
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Safeguard Scientifics, Inc. (NYSE:SFE), which builds
value in high-growth life sciences and information technology
companies, today announced its return to being included in the Russell
2000(R) Index, a leading benchmark of small-cap stocks compiled by the
Russell Investment Group, a leading multi-manager investment services
firm. The Russell 2000 Index(R) offers access to the small-cap market
and reconstitutes its indexes on an annual basis, ranking companies in
the United States stock market by market capitalization. Safeguard's
current market capitalization is approximately $250 million.
"We are pleased to be included again in the Russell 2000(R) Index
and consider it to be an important milestone for Safeguard and our
shareholders," stated Peter J. Boni, President and Chief Executive
Officer. "Inclusion in the Russell indexes reflects Safeguard's
ability to demonstrate successful execution of our business strategy
as we continue to build long-term value for our shareholders."
About Safeguard
Safeguard Scientifics, Inc. (NYSE:SFE) builds value in
high-growth, revenue-stage information technology and life sciences
businesses. We provide growth capital as well as a range of strategic,
operational and management resources to our partner companies.
Safeguard participates in expansion financings, corporate spin-outs,
management buyouts, recapitalizations, industry consolidations and
early-stage financings. For more information about Safeguard and its
strategy, visit www.safeguard.com.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained
herein, statements contained in this release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Our forward-looking
statements are subject to risks and uncertainties. These
forward-looking statements that could cause actual results to differ
materially, include, among others, managing rapidly changing
technologies, limited access to capital, competition, the ability to
attract and retain qualified employees, the ability to execute our
strategy, the uncertainty of the future performance of our companies,
acquisitions and dispositions of companies, the inability to manage
growth, compliance with government regulations and legal liabilities,
additional financing requirements, labor disputes, the effect of
economic conditions in the business sectors in which our companies
operate, and other uncertainties described in the Company's filings
with the Securities and Exchange Commission. Many of these factors are
beyond our ability to predict or control. In addition, as a result of
these and other factors, our past financial performance should not be
relied on as an indication of future performance. The Company does not
assume any obligation to update any forward-looking statements or
other information contained in this press release.
Safeguard Scientifics, Inc. is a provider of capital and relevant expertise to technology-driven businesses. The Company offers strategic, operational and management support to certain of its ownership interests, which include defining short and long-term strategic goals; identifying and planning for the critical success factors to reach these goals; identifying and addressing the challenges and operational improvements required to achieve the critical success factors and, ultimately, the strategic goals; identifying and implementing the business measurements that the Company and others are apply to measure a companyâs success; and identifying sources of and providing capital to drive growth. It also continues to hold relatively small equity interests in other enterprises where it does not exert significant influence and do not participate in management activities. The Company's subsidiaries include Bonfield VII, Ltd., Safeguard Delaware, Inc., SFE Properties, Inc., and others.