|
|
| American Medical Systems Added to The Russell(R) 2000 Index |
| AMERICAN MEDICAL SYSTEMS LOGO
American Medical Systems, Inc. logo. (PRNewsFoto)[AG] MINNEAPOLIS, MN USA | |||
MINNEAPOLIS, July 10 /PRNewswire/ --
American Medical Systems Holdings, Inc. (Nasdaq: AMMD), today announced
that it has been named to the Russell 2000(R) Index, which measures the
performance of the 2,000 largest U.S. companies based on total market
capitalization. The Frank Russell Company recently unveiled new company
additions, which included American Medical Systems (AMS).
(PHOTO: http://www.newscom.com/cgi-bin/prnh/20000710/AMSLOGO )
"American Medical Systems' inclusion in the Russell 2000 Index represents
a significant milestone," said AMS president and CEO Douglas W. Kohrs. "AMS
looks forward to continuing growth and welcomes the increased visibility of
being part of the Russell 2000 Index."
AMS went public in August 2000 and recently completed a secondary stock
offering that raised more than $53 million in proceeds for the company to fund
future growth. For the first quarter ended March 30, 2001, the company
reported net sales of $27.5 million, a 10.3 percent increase over sales of
$25.0 million in the same quarter last year. The company reported earnings of
$.05 per diluted share for the quarter.
The Frank Russell Company ranks the 2,000 largest stocks in the U.S.
equity market by capitalization as of May 31, creating the Russell 2000(R)
Index. Russell indices are rebalanced annually using objective criteria,
primarily market capitalization, and do not reflect any subjective inclusion
criteria or committee decisions.
About AMS
American Medical Systems (AMS), headquartered in Minneapolis, is a medical
technology company with 500 employees worldwide. AMS products include a large
portfolio of devices to treat both male and female incontinence, devices for
the diagnosis and treatment of erectile dysfunction, devices for urethral
obstruction caused by benign prostatic hyperplasia (BPH) (enlarged prostate
disease) and advanced surgical products used in transurethral resection of the
prostate. The company markets its products in more than 60 countries
worldwide. For more information about AMS, visit our Web site at
http://www.visitAMS.com
SOURCE American Medical Systems Holdings, Inc.
back to topRelated links:
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20000710/AMSLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Greg Melsen, Chief Financial Officer of
American Medical Systems, 952-933-4666, greg.melsen@visitAMS.com
, or Marian Briggs, mbriggs@psbpr.com , or Nancy A. Johnson,
njohnson@psbpr.com , both of Padilla Speer Beardsley Inc.,
612-871-8877, for American Medical Systems
