SIOUX FALLS, S.D., June 16 /PRNewswire-FirstCall/ --
Raven Industries, Inc. (Nasdaq: RAVN) announced today that its common stock is
scheduled to be added to the well-known Russell 3000(R) Index effective
July 1, 2003. Raven CEO and President Ronald Moquist noted that inclusion
into the Index reflects the growth in the price of Raven's common stock,
placing the market value of its 9 million shares as of Friday, June 13, 2003,
at $193 million.
The Russell 3000(R) Index measures the performance of the 3,000 largest
companies in the United States based on total market capitalization, which
represents approximately 98 percent of the investable U.S. equity market. The
Russell family of 21 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 incorporated
in the United States and its territories.
Founded in 1956, this Sioux Falls, SD-based industrial manufacturer makes
computerized hardware/software for precision farming and is a leading
developer of GPS-based control systems; Raven also manufactures plastic
sheeting and research balloons, and provides electronics manufacturing
services.
On the Internet, information is available at FRB's website,
http://www.frbwebershandwick.com , http://www.ravenind.com , the company's website, or
http://www.russell.com the Frank Russell Company website.
SOURCE Raven Industries, Inc.
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Related links:
http://www.frbwebershandwick.com
http://www.russell.com http://www.ravenind.com
CONTACT:
Tom Iacarella, VP & CFO of Raven Industries,
Inc., +1-605-336-2750; or General, Dennis Waite, +1-708-246-6265,
or Analysts, Leslie Loyet, +1-312-640-6672, or Media Inquiries,
Cindy Martin, +1-312-640-6741, all of FRB Weber Shandwick
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