BEVERLY HILLS, CA--(Marketwire - Jun 25, 2012) - Spark Networks, Inc. (NYSE MKT: LOV) (NYSE Amex: LOV), a leading provider of online personal services, announced today that it has been added to the Russell 2000® Index, following Russell Investments' annual reconstitution of its U.S. and global equity indices on June 22, 2012.
"Our inclusion in the Russell 2000 Index creates another opportunity to increase our visibility among key institutional investors and broaden our shareholder base," stated Greg Liberman, President and Chief Executive Officer of Spark Networks. "This is an important milestone for the company, and a direct reflection of our positive momentum and strong financial performance."
Membership in the Russell 2000®, which remains in place for one year, includes automatic inclusion into the broader Russell 3000® Index as well as the appropriate growth and style indices. The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. Russell determines membership for its equity indices primarily by objective, market capitalization rankings, and style attributes.
About Spark Networks, Inc.:
The Spark Networks portfolio of online personals communities includes, among others, JDate®.com (www.jdate.com), ChristianMingle®.com (www.christianmingle.com), SilverSingles®.com (www.silversingles.com), Spark®.com (www.spark.com) and BlackSingles.com® (www.blacksingles.com). More information can be found on the Company's website at: www.spark.net.