Crexendo to Join Russell Microcap Index
Crexendo, Inc. (NASDAQ:CXDO) has been accepted into the Russell Microcap® Index, effective June 28, 2021, marking a significant milestone for the company. This inclusion is based on market capitalization and growth attributes, allowing Crexendo to be part of both growth and value style indexes for a year. CEO Steven G. Mihaylo expressed pride in this recognition, attributing it to their successful growth strategy that has resulted in being cash flow positive and profitable. The company aims to enhance shareholder value and continues to expand its offerings in cloud communications.
- Inclusion in the Russell Microcap® Index effective June 28, 2021.
- Recognition indicates successful growth strategy and business performance.
- Achieved status of cash flow positive and profitable.
- Combined features with NetSapiens for enhanced VIP Cloud Communications Platform.
- None.
PHOENIX, AZ / ACCESSWIRE / June 15, 2021 / Crexendo, Inc. (NASDAQ:CXDO) an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that Crexendo has been included in the list of companies accepted to be joining the Russell Microcap® Index, effective June 28, 2021, according to a preliminary list of additions posted June 4, 2021.
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.
Steven G. Mihaylo, Chief Executive Officer commented "We are honored to be included in the Russell Microcap index. This is recognition that our plan for growth is working. We are performing every day to increase shareholder value and have done that by staying on plan. We have been able to become cash flow positive, become profitable, organically up-list to Nasdaq, raise money in a public offering, close on a major accretive acquisition and now we have been able to combine the best of the award winning Crexendo features with the NetSapiens services allowing us to present the industry leading VIP Cloud Communications Platform for Business featuring the
About Crexendo
Crexendo, Inc. is an award-winning premier provider of UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates.
About NetSapiens
NetSapiens, Inc. provides a comprehensive suite of unified communications (UC), video conferencing, Collaboration & contact center solutions to over 175+ service providers , servicing over 1.7M users around the globe. The NetSapiens platform enables our UCaaS partners to provide custom-package solutions with unprecedented levels of flexibility, profitability, and ease of use.
Safe Harbor Statement
This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements including but not limited to Crexendo: (i) believing the listing confirms that the plan for growth is working; (ii) performing every day to increase shareholder value and done that by staying on plan; (iii) having been and continuing to be cash flow positive, profitable, and combine the best of the award winning Crexendo features with the NetSapiens services and (iv) knowing that the inclusion into the Microcap Index is just one more step continual growth.
For a more detailed discussion of risk factors that may affect Crexendo's operations and results, please refer to the company's Form 10-K for the year ended December 31, 2020, quarterly Form 10-Qs as filed with the SEC, and Definitive Proxy filed on April 26, 2021. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements, except as required by law.
CONTACT:
Crexendo, Inc.
Doug Gaylor
President and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com
SOURCE: Crexendo, Inc.
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