Digital Ally, Inc. Set to Join Russell Microcap(R) Index

OVERLAND PARK, Kan. , June 25 /PRNewswire-FirstCall/ -- Digital Ally, Inc. (Nasdaq: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications...


OVERLAND PARK, Kan. , June 25 /PRNewswire-FirstCall/ -- Digital Ally, Inc. (Nasdaq: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced that it is set to join the Russell Microcap(R) Index when such index undergoes its annual rebalancing later this month.

According to the Russell Investments website (http://www.russell.com), Digital Ally, Inc. is slated to join the Russell Microcap(R) Index at the close of the market on June 27, 2008 . The Russell Microcap(R) Index measures the performance of the microcap segment, representing less than 3% of the U.S. equity market. The Russell Microcap(R) Index includes the smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next 1,000 securities.

"We are very pleased to learn that Digital Ally has qualified for inclusion in the Russell Microcap(R) Index less than six months after its stock was listed on the Nasdaq Capital Market," stated Stanton E. Ross , Chief Executive Officer of the Company. "Membership in the Russell Microcap(R) Index is based upon market capitalizations of qualifying companies, and Digital Ally's 'market cap' has increased from approximately $32 million at the end of June 2007 to approximately $137 million as currently. We believe the increase in our 'market cap' reflects rapid growth in our reported revenues and earnings, and we expect to set new records in both of these financial performance measures in the year ending December 31, 2008 ."

The Russell family of U.S. indexes is designed to be a comprehensive representation of the investable U.S. equity market. These indexes are value-weighted and include only common stocks belonging to corporations that are incorporated in the United States and its territories. Final membership lists for the Russell 3000(R), Russell 1000(R), Russell 2000(R), Russell Global, Russell Midcap(R) and Russell Microcap(R) indexes will be posted to the Russell Investments website on June 30, 2008 .

Real-time market analysis on the Russell indexes is available at http://www.russell.com/indexes/performance/real_time_market_analysis.asp, and a preliminary list of additions to the Russell Microcap(R) Index is currently posted on http://www.russell.com.

About Russell Investments

Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Headquartered in Tacoma, Washington , Russell has principal offices in Amsterdam , Auckland , Johannesburg , London , Melbourne , New York , Paris , San Francisco , Seoul , Singapore , Sydney , Tokyo and Toronto .

About Digital Ally, Inc.

Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications. The Company's primary focus is Digital Video Imaging and Storage. For additional information, visit http://www.digitalallyinc.com

The Company is headquartered in Overland Park, Kansas , and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY".

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