Barfresh to be Added to the Russell Microcap® Index

Rhea-AI Summary

Barfresh Food Group, Inc. (Nasdaq: BRFH) has been included in the Russell Microcap® Index effective June 27, 2022. This membership, which is valid for one year, signifies the company's improved market capitalization and style attributes. CEO Riccardo Delle Coste stated that this recognition reflects Barfresh's strong growth and product expansion efforts over the past year. The Russell indexes are widely used by investment managers, with approximately $12 trillion in assets benchmarked against them, potentially enhancing Barfresh's visibility in the investment community.

Positive

• Inclusion in the Russell Microcap® Index enhances visibility among investors.
• CEO highlighted strong top-line growth and product expansion.

Negative

• None.

LOS ANGELES, June 27, 2022 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, will be joining the Russell Microcap^® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. Market Open on June 27, 2022.

Membership in the Russell Microcap^® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “We have made tremendous improvements in our business over the past year, including very strong top line growth and product expansion. Being added to the Russell Microcap^® index is validation of those improvements and we believe being added to the index will improve awareness of our strong growth story.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

About Barfresh Food Group

Barfresh Food Group, Inc. (Nasdaq: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes and frappes, primarily for the education market, foodservice industry and restaurant chains, delivered as fully prepared individual portions or single serving and bulk formats for on-site preparation. The Company's single serving, on-site prepared product utilizes a proprietary, patented system that uses portion-controlled pre-packaged beverage ingredients, delivering a freshly made frozen beverage that is quick, cost efficient, better for you and without waste. Barfresh has a distribution partnership with the leading food distributor in North America. For more information, please visit www.barfresh.com.

Investor Relations
John Mills
ICR
646-277-1254
John.Mills@icrinc.com

FAQ

What is the significance of Barfresh Food Group's inclusion in the Russell Microcap® Index?

Being included in the Russell Microcap® Index improves Barfresh's visibility and recognition among investors and institutional funds.

When did Barfresh Food Group join the Russell Microcap® Index?

Barfresh Food Group joined the Russell Microcap® Index effective June 27, 2022.

What does Barfresh Food Group specialize in?

Barfresh Food Group develops, manufactures, and distributes ready-to-blend and ready-to-drink beverages, including smoothies and shakes.

How does the addition to the Russell Microcap® Index benefit Barfresh shareholders?

The addition is expected to improve the company's market visibility and attract institutional investors, potentially benefiting shareholders.

What assets are benchmarked against the Russell indexes?

Approximately $12 trillion in assets are benchmarked against Russell's US indexes.