Avalon GloboCare Corp (ALBT)

[Quintessence]

Avalon GloboCare Expected to Join the Russell 3000® Index

https://www.prnewswire.com/news-releases/avalon-globocare-expected-to-join-the-russell-3000-index-300870152.html

News provided by Avalon GloboCare Corp. Jun 18, 2019, 08:00 ET

FREEHOLD, N.J., June 18, 2019 /PRNewswire/ -- Avalon GloboCare Corp. (NASDAQ: AVCO), a leading global developer of cell-based technologies and therapeutics, today announced that it expects to be added to the Russell 3000® Index, based on a preliminary list of additions posted June 7, 2019. Final inclusion in the Russell 3000® Index will be determined following completion of the annual Russell US Indexes Reconstitution, which occurs after the US equity markets close on Friday, June 28, 2019.

Indexes provided by FTSE Russell, a leading global index provider, are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against the Russell US Indexes. Membership in the Russell Microcap Index remains in place for one year and provides for automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

"We look forward to our inclusion in the Russell 3000® Index, which we believe reflects our continued growth and the progress we are making at Avalon," stated David Jin, M.D., Ph.D., CEO and President of Avalon GloboCare. "Inclusion in the Russell 3000® Index is expected to benefit our Company and shareholders by elevating our exposure within the global investment community."