Online Resources Added To Russell 2000® Index
CHANTILLY, Va., June 27, 2005
Online Resources Corp. (NASDAQ: ORCC), a leading outsourcer of Internet
financial services, today announced that it has been added to the Russell
2000® and the new Russell Microcap™ Indexes.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. More than $2.5 trillion in assets currently are
benchmarked to its indexes.
“We are pleased to have achieved the market capitalization necessary
for the Russell indexes,” said Catherine A. Graham, executive vice
president and CFO of Online Resources. “Inclusion raises the Company’s
profile and offers our shareholders the potential for greater liquidity.”
About Online Resources
Online Resources powers Internet financial services for over 700 firms
nationwide. The Company’s proprietary account presentation, payment,
relationship management and professional services are branded to its client
banks, credit unions, card issuers and payment acquirers. The Company
serves over three million consumer end-users and processes over $10 billion
in payments annually. Founded in 1989, Online Resources (Nasdaq: ORCC,
Website: www.orcc.com) has been widely recognized as one of the nation’s
fastest growing technology firms.
About Russell
Russell, a global leader in multi-manager investment services, provides
investment products and services in more than 39 countries. Russell manages
more than $135 billion in assets and advises clients worldwide representing
$2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern
Mutual and is headquartered in Tacoma, Wash., with additional offices
in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.
For more information, go to www.russell.com.
This news release contains
statements about future events and expectations, which are "forward-looking
statements." Any statement in this release that is not a statement
of historical fact may be deemed to be a forward-looking statement. Such
forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the Company's actual results, performance
or achievements to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements.
Specifically factors that might cause such a difference include, but are
not limited to the Company’s: history of losses; dependence on the
marketing efforts of third parties; potential fluctuations in operating
results; ability to make and successfully integrate acquisitions of new
businesses; potential need for additional capital; potential inability
to prevent systems failures and security breaches; potential inability
to expand services and related products in the event of substantial increases
in demand; competition; ability to attract and retain skilled personnel;
reliance on patents and other intellectual property; exposure to the early
stage of market adoption of the services it offers; exposure to the consolidation
of the banking and financial services industry; and additional risks and
uncertainties discussed in filings made by the Company with the Securities
and Exchange Commission, including those risks and uncertainties contained
under the heading "Risk Factors" in the Company's Form 10-K,
latest 10-Q, and S-3 as filed with the Securities and Exchange Commission.
These factors should be considered in evaluating the forward-looking statements,
and undue reliance should not be placed on such statements.
Media Contact: Beth Halloran,
Director, Corporate Communications
Online Resources Corporation
703.653.2248
bhalloran@orcc.com
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