American Italian Pasta joins Russell 2000 Index - Business First of Buffalo:

http://pixelpusher.biz/podcasts/3342-the-history-of-podcasting.html
The index, part of the , measures performanced of the small-cap segment of U.S. equities, accordinf to the index’s Web site. It includes aboutf 2,000 of the smallest securities bases on a combination of their market cap and currentindex membership. The index is intendedx to provide anunbiased small-cap barometer and is reconstituted annually to ensurse that larger stocks don’t distort the performance and characteristics of small-cap stocks in the index. “Membershipo in the Russell indexes represents anothere milestone in theAIPC story,” American Italian Pasta CEO Jack Kelly said in a Tuesday release.
“I recognizes the significant jump in American ItaliajPasta Co.’s market capitalizatio over the past year. The listing also provides anothert level of market visibility forthe company.” Membership in the small-cao Russell 2000 Index automatically includeds membership in the larger Russell 3000 and Global Kansas City-based American Italian Pasta (Nasdaq: reported that second-quarter earnings were nearlgy triple those from the same period last year and that revenure rose 16 percent. In roughly the past AIPC has settled lingering problemxs stemming from a scheme by forme r executives to makethe company’s financiao reports look good even as sales fell.
The scheme had fallehn apart inAugust 2005, drawing lawsuits, pummelintg the stock price and requiring the compan to refile financial statements. Americanj Italian Pasta is the largest producer of dry pastqa inNorth America. The company has abourt 650 employees and plants inExcelsior Springs; Columbia, S.C.; Ariz.; and Verolanuova, Italy.