Replies to post #61408 on CWRUObserver.com -Financial News and Headlines -

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ONT 3.04 On2 Technologies Joins Russell 3000 Index
Jun 25, 2007 8:00:00 AM

TARRYTOWN, N.Y., June 25 /PRNewswire-FirstCall/ -- On2 Technologies, Inc., (Amex: ONT), a leader in video-compression software and solutions, announced today that it joined the Russell 3000(TM) Index on June 22, when Russell Investment Group reconstituted its family of U.S. indexes.

Membership in the broad-market Russell 3000, which remains in place for one year, means automatic inclusion in additional Russell Indexes. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes.

"We are pleased to join the Russell Indexes, which reflects in part our stock appreciation resulting from initiatives over the past year," said Bill Joll, president and CEO of On2. "Our inclusion in the Russell 3000 should increase On2's visibility with investors and institutions that rely on the Russell indexes as part of their investment strategy."

Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index. An industry-leading $4 trillion in assets currently are benchmarked to them.

About Russell Investment Group

Russell Investment Group aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $200 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors.

About On2 Technologies, Inc.

On2 Technologies (Amex: ONT) is a leading technology firm at the forefront of digital video compression. The company revolutionized digital media delivery with the creation of its advanced full-motion, full-screen On2 Video compression and streaming technologies. On2 Video codecs are widely used in the Internet, video-on-demand, VoIP, and mobile media markets. On2's software is used by such leading global companies as Adobe/Macromedia, AOL, Skype, XM Satellite Radio, Sony, CTTNet, VitalStream, and Tencent. Located in Tarrytown, N.Y., the company has R&D offices in Clifton Park, N.Y., and Cambridge, UK. To contact On2, write to [e-mail] or visit http://www.on2.com.

Trademarks mentioned in this release are property of their respective owners.

SOURCE On2 Technologies, Inc.

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Sam Vasisht of On2 Technologies
[phone]
[e-mail]