SOURCE: American CareSource Holdings, Inc.

June 25, 2008 13:04 ET

American CareSource Holdings Set to Join Russell Microcap® Index

DALLAS, TX--(Marketwire - June 25, 2008) - American CareSource Holdings, Inc. (AMEX: XSI) announced today that it is set to join the Russell Microcap® Index when Russell Investments reconstitutes its family of U.S. indexes on June 27, 2008, according to a preliminary list of additions posted on June 13, 2008 on www.russell.com.

Membership in the Russell Microcap Index, which remains in place for one year, means 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.

David S. Boone, Chief Executive Officer of American CareSource, commented, "We are delighted that American CareSource will join the Russell Microcap Index. Our inclusion is a testament to the progress we have made both financially, with a trend of very strong quarterly results, as well as operationally, in positioning the Company as a premier ancillary care services provider. As part of the Russell Microcap Index, American CareSource should benefit from enhanced visibility among the investment community and, ultimately, a broader shareholder base."

Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and the Russell Microcap Index. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment strategies.

About Russell

Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 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 places, and in the life savings of individual investors. Headquartered in Tacoma, Wash., Russell has principal offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information on Russell indexes, go to www.russell.com.

About American CareSource Holdings, Inc.

American CareSource Holdings, the first national, publicly traded ancillary care network services company, offers a comprehensive national network of approximately 25,000 ancillary provider sites. Through its product offerings, American CareSource helps its clients reduce the cost of ancillary services rendered through its network of providers in more than 30 service categories. The Company's ancillary network and management provides a complete outsourced solution for a wide variety of healthcare payors and plan sponsors including self-insured employers, indemnity insurers, PPOs, HMOs, third party administrators and both federal and local governments.

Any statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by American CareSource Holdings, Inc. for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve further risks and uncertainties, including, but not limited to, our inability to continue partnering with our clients, our inability to continue to experience growth and the risk that, even with increases in revenue, we may not be able to experience earnings on a sustained level, the risks associated with product development and of market demand for our products, competitive forces, our inability to adequately protect our intellectual property rights, downturns in national and local economies and economic conditions in the healthcare industry, the effect of changes in governmental regulations in the healthcare industry, and other risks identified from time to time in the Securities and Exchange Commission filings of American CareSource Holdings, Inc. For more information please visit www.anci-care.com.

Contact Information

  • Contact:
    David S. Boone
    Chief Executive Officer
    American CareSource Holdings, Inc.
    Tel: 972-308-6830