MIDLAND, Texas, July 1 /PRNewswire-FirstCall/ -- Mexco Energy Corporation
(Amex: MXC) today announced it has been added to the Russell Microcap Index
after the Russell Investment Group reconstituted its comprehensive set of U.S.
and global equity indexes on June 27, 2008.
Russell indexes are widely used by investment managers and institutional
investors for both index funds and as benchmarks for passive and active
investment strategies. The Company will hold its membership until Russell
reconstitutes its indexes in June 2009.
'We are pleased with our inclusion in this index, which reflects our
continued positive momentum,' said Nicholas C. Taylor, Chief Executive Officer
of Mexco Energy Corporation. 'Russell is an industry leader for stock
indexes, and we expect our inclusion will generate greater interest in our
stock among institutional investors.'
The annual reconstitution of the Russell Microcap Index captures the 1,000
smallest U.S. stocks in the Russell 2000, plus the next 1,000 stocks as of the
end of May.
Russell Investment Group 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 $200 billion in assets under management, Russell
serves individual, institutional and advisor clients in more than 40
countries. For more information on Russell indexes, go to
http://www.russell.com.
Mexco Energy Corporation, a Colorado corporation, is an independent oil
and gas company located in Midland, Texas engaged in the acquisition,
exploration and development of oil and gas properties. For more information
on Mexco Energy Corporation, go to http://www.mexcoenergy.com.
SOURCE Mexco Energy Corporation
