MTBC joins Russell Microcap Index

GlobeNewswire•June 25, 2018

SOMERSET, N.J., June 25, 2018 (GLOBE NEWSWIRE) -- MTBC (MTBC) (MTBCP), a leading provider of proprietary, cloud-based healthcare IT and revenue cycle management solutions, announced today that FTSE Russell, which manages the widely-followed Russell 2000® Index and other indices based on market capitalization and style orientation, has added MTBC to the Russell Microcap® Index, effective with the opening of U.S. markets today.

"We're pleased to announce our addition to the highly regarded Russell Microcap® Index, which was made possible by our strong financial performance, proven business model, and growth in our market capitalization of over 400% since January 1, 2017," said Bill Korn, Chief Financial Officer. "We expect that our addition to this highly regarded index will help us further increase our visibility with the investment community, especially with institutional investors."

Membership in the Russell Microcap® Index means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and style attributes.

Russell US Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell US Indexes. Russell US Indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index and the Russell US Indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.