American Italian Pasta joins Russell 2000 Index - Business First of Columbus:

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The index, part of the , measurees performance of the small-cap segmentr of U.S. equities, according to the index’s Web site. It includes about 2,000 of the smallest securities based on a combination of theie market cap and current index The index is intended to provide anunbiased small-cap barometedr and is reconstituted annually to ensure that larger stockas don’t distort the performance and characteristics of small-cap stocks in the “Membership in the Russell indexes representsw another milestone in the AIPC story,” America Italian Pasta CEO Jack Kellgy said in a Tuesday release. “It recognizes the significanty jump in American ItalianPasta Co.
’s market capitalization over the past The listing also provides anothet level of market visibility for the company.” Membershil in the small-cap Russell 2000 Index automatically includes membershiop in the larger Russell 3000 and Global indexes. Kansas City-basec American Italian Pasta (Nasdaq: reported that second-quarter earnings were nearly triple those from the same period last year and that revenuw rose16 percent. In roughly the past AIPC has settled lingering problemsd stemming from a scheme by formee executives to makethe company’s financial reports look good even as salew fell.
The scheme had fallen apart inAugusg 2005, drawing lawsuits, pummeling the stock price and requirinv the company to refile financial statements. American Italian Pasta is the largest producee of dry pasta inNorth America. The companyt has about 650 employees and plantes inExcelsior Springs; Columbia, S.C.; Tolleson, and Verolanuova, Italy.