SOURCE: Overhill Farms, Inc.

Overhill Farms, Inc.

June 15, 2009 15:11 ET

Overhill Farms to Join Russell 2000, Russell 3000 and Russell Global Indexes

LOS ANGELES, CA--(Marketwire - June 15, 2009) - Overhill Farms, Inc. (NYSE Amex: OFI), a custom manufacturer of high-quality frozen foods for the retail and foodservice sectors, announced that it is scheduled to join the Russell 2000® Index and the broad-market Russell 3000® Index on June 26. That is when Russell Investments will reconstitute its comprehensive set of U.S. and global equity indexes, as indicated on a preliminary list of additions released June 12.

"We are extremely pleased that the continuing growth of Overhill Farms and its accompanying gain in market capitalization has qualified it for membership in the Russell Indexes," said James Rudis, Chairman, President and CEO of the company. "We believe the additional visibility in the financial community that will result from our inclusion in the indexes will be helpful to both institutional and individual investors."

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. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007. 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 trillion in assets currently are benchmarked to them. Information about the Russell Indexes is available at www.russell.com/.

About Overhill Farms

Overhill Farms (www.overhillfarms.com), based in Vernon, California, is a leading value-added supplier of custom high quality prepared frozen foods for nationally recognized branded retail, private label and foodservice. Its product line includes entrées, plated meals, bulk-packed meal components, pastas, soups, sauces, poultry, meat and fish specialties, as well as organic and vegetarian offerings. The Company's capabilities give its customers a one-stop solution for new product development, precise replication of existing recipes, product manufacturing and packaging.

About Russell:

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $136 billion in assets under management as of March 31, 2009, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

Contact Information

  • Contacts:

    James Rudis
    Chairman, President and CEO
    Overhill Farms, Inc.
    323-582-9977

    Alexander Auerbach
    Auerbach & Co. Public Relations
    1-800-871-2583
    Email Contact