Wednesday, June 27, 2012:
Bassett Furniture Industries, Inc. (Nasdaq:BSET) announced that it has been added to the U.S. broad-market Russell 3000® and small-cap Russell 2000® Indices. The Company joined the indices at the close of market on Friday, June 22, 2012, when Russell Investments reconstituted its U.S. and global equity indices.
"Being added to the Russell 2000 and Russell 3000 Indices creates an opportunity to increase our overall visibility among key institutional investors," said Robert H. Spilman Jr., president and chief executive officer of Bassett. "The Russell indices are widely known broad-market indices and Bassett's inclusion in them is a result of a more than 25 per cent increase in its market capitalization since the end of our fiscal year."Wolf Colony