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
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
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".