PURE BIOSCIENCE ADDED TO RUSSELL 3000® AND RUSSELL 2000® INDEXES
SAN DIEGO, CA, June 28, 2010 – PURE Bioscience (NASDAQ: PURE) today announced that it has been added to the Russell 3000® and Russell 2000® Indexes, which measure the performance of the largest U.S. companies based on total market capitalization. The Russell 2000 is the smaller 2,000 companies within the larger index. The annual reconstitution of the Russell Indexes occurred on Friday, June 25th.
“Our addition to these widely recognized indexes can provide PURE with a higher profile in the investment community and increased exposure to institutional investors,” said Michael L. Krall, President and CEO of PURE Bioscience. “Qualifying for the Russell 3000 reflects investors’ growing awareness of the progress and potential of our patented silver dihydrogen citrate (SDC) technology.”
Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. According to Russell, approximately $4 trillion in assets currently are benchmarked to their indexes.
About PURE Bioscience
PURE Bioscience develops and markets technology-based bioscience products that provide solutions to numerous global health challenges, including Staph (MRSA). PURE's proprietary high efficacy/low toxicity bioscience technologies, including its silver dihydrogen citrate-based antimicrobials, represent innovative advances in diverse markets and lead today's global trend toward industry and consumer use of "green" products while providing competitive advantages in efficacy and safety. Patented SDC is an electrolytically generated source of stabilized ionic silver which formulates well with other compounds. As a platform technology, SDC is distinguished from competitors in the marketplace because of its superior efficacy, reduced toxicity and the inability of bacteria to form a resistance to it. PURE is headquartered in El Cajon, California (San Diego metropolitan area). Additional information on PURE is available at www.purebio.com.