Blue Star Foods Announces Inclusion in Russell Microcap® Index

Rhea-AI Summary

Blue Star Foods (NASDAQ: BSFC) announced its inclusion in the Russell Microcap Index effective June 27, 2022. This membership, valid for one year, signifies automatic integration into growth and value style indexes, enhancing market visibility and awareness among investors. Chairman and CEO John Keeler stated this milestone emphasizes the company's commitment to becoming a leading sustainable marine protein provider through innovative Recirculating Aquaculture Systems (RAS). Approximately $16 trillion is benchmarked to FTSE Russell indexes, highlighting the potential for increased recognition for Blue Star Foods.

Positive

• Inclusion in the Russell Microcap Index enhances investor visibility.
• Membership signifies automatic inclusion in growth and value style indexes.

Negative

• None.

Miami, FL, June 06, 2022 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that it will be included in the Russell Microcap^® Index, effective after the U.S. market opens on June 27, 2022, as part of the 2022 Russell indexes reconstitution.

You can view the reconstitution Russell Microcap Index additions here:
https://content.ftserussell.com/sites/default/files/rmicro_additions_20220603.pdf

Membership, which remains in place for one year, in the Russell Microcap^® Index 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.

"Our inclusion to the Russell Microcap Index is an important milestone for the Company,” said John Keeler, Chairman and CEO of Blue Star Foods. Keeler added, “we are still early in the process of getting investor awareness to what we are doing, building a sustainable marine protein company that is the first multi-species RAS companies in the marketplace. We believe that being added to this index is another step towards building more visibility in the investor community.”

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. As of June 2022, approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For more information on the Russell Microcap^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Blue Star Foods Corp. (NASDAQ: BSFC)
Blue Star Foods Corp. is an integrated ESG seafood company that processes, packages and sells high-value seafood products. The Company believes it utilizes best-in-class technology, in both resource sustainability management and traceability, and ecological packaging. The Company also owns and operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America. The company is based in Miami, Florida, and its corporate website is: https://bluestarfoods.com

Forward-Looking Statements:
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contacts:
IR@bluestarfoods.com

FAQ

When will Blue Star Foods be added to the Russell Microcap Index?

Blue Star Foods will be included in the Russell Microcap Index effective after the U.S. market opens on June 27, 2022.

What does Blue Star Foods' inclusion in the Russell Microcap Index mean?

The inclusion means Blue Star Foods will automatically be part of relevant growth and value style indexes, increasing its visibility among investors.

What is the significance of the Russell Microcap Index for Blue Star Foods?

Membership in the Russell Microcap Index enhances market awareness and legitimacy, which can attract institutional and retail investors.

How much capital is benchmarked to FTSE Russell indexes?

Approximately $16 trillion is currently benchmarked to FTSE Russell indexes as of June 2022.