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iPass to Be Added to Russell 2000 and Russell Global Indexes(June 20, 2012)
REDWOOD SHORES, CA -- (Marketwire) -- 06/20/12 -- iPass Inc. (NASDAQ: IPAS), the global Wi-Fi roaming leader for enterprises and telecom service providers, today announced that its common stock will be added to the Russell 2000® and Russell Global® Indexes, effective after the market close on June 22, 2012 according to a preliminary list of new additions to the indexes from Russell.
"We are delighted to be included in the 2012 reconstitution of the Russell Indexes. Our presence in the Russell 2000 and Global indexes recognizes the strategic importance and compelling value creation that's taken place at iPass," said Steven Gatoff, senior vice president and chief financial officer of iPass. "iPass is at the center of a Wi-Fi maelstrom and with our Open Mobile Platform we're uniquely addressing the rising costs of network bandwidth and operational costs for enterprises and global telecom service providers; our new Open Mobile Exchange -- for mobile operators who want to avail themselves of our global Wi-Fi footprint, the largest commercial Wi-Fi network worldwide -- continues to add to stockholder value."
Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them. For more information on Russell, please visit their website at www.russell.com.
About iPass Inc.
iPass helps enterprises and telecom service providers ensure their employees and subscribers stay well connected. Founded in 1996, iPass delivers the world's largest commercial-grade Wi-Fi network and trusted connectivity platform. With more than 780,000 Wi-Fi hotspots across 120 countries and territories, iPass gives its customers always-on, frictionless connectivity anywhere in the world -- simply, securely and cost-effectively. Additional information is available at www.iPass.com or on Smarter Connections, the iPass blog.
iPass® is a registered trademark of iPass Inc. Open Mobile Exchange and OMX are trademarks of iPass Inc. Wi-Fi® is a registered trademark of the Wi-Fi Alliance. All other trademarks are owned by their respective owners.
Investor Relations Contact:
US: iPass Investor Relations
Tel. +1 650 232 4110
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