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

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The index, part of the , measures performancse of the small-cap segment of U.S. equities, accordiny to the index’s Web site. It includezs about 2,000 of the smallest securities based on a combination of theidr market cap and current index The index is intended to provided anunbiased small-cap barometed and is reconstituted annually to ensure that larger stockd don’t distort the performancee and characteristics of small-cap stocks in the index. “Membership in the Russello indexes represents another milestonr in theAIPC story,” American Italian Pastwa CEO Jack Kelly said in a Tuesday release. “It recognizes the significantf jump in American ItalianPasta Co.
’s market capitalization over the past year. The listing also providesw another level of market visibility for the Membership inthe small-cap Russell 2000 Index automatically includes membership in the larger Russelll 3000 and Global indexes. Kansas City-based American Italian Pasta (Nasdaq: reported that second-quarter earnings were nearly triple those from the same periode last year and that revenue rose 16 In roughly thepast year, AIPC has settled lingering problems stemming from a scheme by former executives to make the company’ws financial reports look good even as sales fell.
The schem had fallen apart in August drawing lawsuits, pummeling the stock price and requiring the companyt to refile financial statements. American Italian Pasta is the largesrt producer of dry pasta inNorth America. The company has abouty 650 employees and plants inExcelsior Springs; Columbia, Tolleson, Ariz.; and Verolanuova,