ORLANDO, Fla., July 22, 2008 (PRIME NEWSWIRE) -- Gencor Industries, Inc (the "Company") (Nasdaq:GENC) 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 Russell Microcap Index is constructed to provide a comprehensive and unbiased barometer for the microcap segment trading on national exchanges.
"We are pleased with our inclusion in this index, which reflects our continued positive momentum," said Mr. E. J. Elliott, Company Chairman and CEO. "Russell is an industry leader for stock indexes, and we expect our inclusion will generate greater interest in our stock among investment managers and institutional investors."
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 www.russell.com.
Gencor Industries, Inc. is a diversified heavy machinery manufacturer for the production of highway construction materials, synthetic fuels and environmental control machinery and equipment used in a variety of applications. This press release and our other communications and statements may contain "forward-looking statements," including statements about our beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. For information concerning these factors and related matters, see our Annual Report on Form 10-K for the year ended September 30, 2007: (a) "Risk Factors" in Part 1, Item 1A and (b) "Management's Discussion and Analysis of Financial Position and Results of Operations" in Part II, Item 7. However, other factors besides those referenced could adversely affect our results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statement made by us herein speaks as of the date of the press release. We do not undertake to update any forward-looking statement, except as required by law.