LINCOLN, R.I., June 27, 2011 (GLOBE NEWSWIRE) -- A.T. Cross (Nasdaq:ATX) announced that today it was added to the Russell 2000® and Russell Global® Indices after the markets closed on June 24, 2011.
Membership in the Russell 2000 and Russell Global Indexes means automatic inclusion in the appropriate growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
"Our shareholders should benefit from the increased visibility that comes with our inclusion in the Russell 2000 and Russell Global Indices," said David Whalen, President and CEO of A.T. Cross. "We are committed to enhancing long-term shareholder value and this news reflects the success of our strategies to drive disciplined growth and increased returns in both our Cross Optical Group and Cross Accessory Division."
About A.T. Cross Company
Building on the rich tradition of its award-winning writing instruments and reputation for innovation and craftsmanship, A.T. Cross Company is a designer and marketer of branded personal and business accessories. A.T. Cross provides a range of distinctive products that appeal to a growing market of consumers seeking to enhance their image and facilitate their lifestyle. A.T. Cross products, including award-winning quality writing instruments, timepieces, business accessories and Costa and Native Eyewear premium sports sunglasses, are distributed in retail and corporate gift channels worldwide. For more information, visit the A.T. Cross website at www.cross.com/" target="_top" rel="nofollow">www.cross.com, the Costa website at www.costadelmar.com/" target="_top" rel="nofollow">www.costadelmar.com and the Native website at www.nativeyewear.com/" target="_top" rel="nofollow">www.nativeyewear.com.
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