Boots & Coots Joins New Russell Microcap Index
Boots & Coots International Well Control, Inc. (Amex: WEL), the premier pressure control company for the oil and gas industry, will join the Russell Microcap(TM) Index when Russell Investment Group reconstitutes its family of U.S. indexes on June 30, according to a preliminary membership list posted Friday, June 16 on http://www.russell.com .
"We continue to make significant progress in our services around the globe -- through organic growth as well as the recent strategic acquisition of Hydraulic Well Control, we have improved our financial results and are well poised to expand our services both domestically and internationally," said Jerry Winchester, president and chief executive officer of Boots & Coots. "This progress has resulted in an increase in the company's exposure to the financial community, so we are pleased to join the new Russell Microcap Index and believe it is a further affirmation of the positive trend that the company is on."
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 $3.8 trillion in assets are currently benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.
Russell, a global leader in multi-manager investment services, provides investment products and services in 44 countries. Russell manages more than $167 billion in assets and advises clients worldwide representing $2.4 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.
Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated oilfield services centered on the prevention, emergency response and restoration of blowouts and well fires as well as hydraulic workover/snubbing and hot tapping services around the world. Boots & Coots' proprietary risk management program, WELLSURE®, combines traditional well control insurance with post-event response as well as preventative services, giving oil and gas operators and insurance underwriters a medium for effective management of well control insurance policies. The company's SafeGuard program, developed for regional producers and operators sponsored by Boots & Coots, provides dedicated emergency response services, risk assessment and contingency planning, and continuous training and education in all aspects of critical well management.
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