MamaMancini’s Added to the Russell Microcap® Index

Rhea-AI Summary

MamaMancini's Holdings, Inc. (NASDAQ: MMMB), a distributor of all-natural pre-prepared foods, has been added to the Russell Microcap® Index as of June 27, 2022. This inclusion underscores the company's growth and operational execution, enhancing its institutional investor base. Membership in this index is valid for a year and allows inclusion in relevant growth and value style indexes. The announcement reflects MamaMancini's efforts in expanding its market presence and delivering strong financial results for shareholders.

Positive

• Inclusion in the Russell Microcap® Index enhances visibility and credibility among institutional investors.
• Demonstrates operational growth and effective execution strategies.

Negative

• None.

EAST RUTHERFORD, NJ, June 27, 2022 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ: MMMB), a marketer and distributor of specialty pre-prepared all-natural foods, today announced that the Company’s common stock was added to the Russell Microcap^® Index after the market opens on Monday, June 27, 2022.

“Inclusion on the Russel Microcap^® Index is further validation of the growth we are experiencing and of our continued operational execution, as realized by the markets,” said Carl Wolf, Chairman and Chief Executive Officer of MamaMancini’s. “The addition to the index will continue to drive and diversify our institutional investor base. We are rapidly positioning as a national platform company driven by our recent acquisitions – expanding our footprint and growing a strong, sustainable presence in the fresh prepared foods segment. We are confident we can continue to deliver strong financial results as we seek to deliver long term value for my fellow shareholders.”

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.

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.

For more information on the Russell Microcap^® Index and the Russell index reconstitution, please visit the “Russell Reconstitution” section on the FTSE Russell website.

About MamaMancini’s Holdings, Inc.

MamaMancini's Holdings, Inc. (NASDAQ: MMMB) is a marketer and distributor of specialty pre-prepared, all-natural foods. MamaMancini’s broad product portfolio consists of meatballs, meatloaf, sausages and pasta bowls with beef, turkey, chicken and pork varieties – as well as an assortment of chicken-based dishes, olives, savory products and salads through its T&L Creative Salads and Olive Branch subsidiaries. The Company’s products are sold in over 45,000 locations nationwide, including at regional delis and well-known retailers such as Sam’s Club, ALDI Markets, Schnuck Markets, Whole Foods, Publix, ShopRite, Stop & Shop, Costco and Albertsons – as well as through national distributors such as Sysco and United Natural Foods. The Company also maintains a direct-to-consumer presence on QVC. For more information, please visit www.mamamancinis.com.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2022 and other filings made by the Company with the Securities and Exchange Commission.

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ Group - MZ North America
(949) 259-4987
MMMB@mzgroup.us
www.mzgroup.us

FAQ

What does the inclusion of MMMB in the Russell Microcap Index mean?

Inclusion in the Russell Microcap Index provides greater visibility to institutional investors and indicates validation of MamaMancini's growth.

When did MMMB join the Russell Microcap Index?

MamaMancini’s Holdings was added to the Russell Microcap Index on June 27, 2022.

How does the Russell Microcap Index affect MMMB's stock performance?

Being part of the Russell Microcap Index may enhance MMMB's liquidity and attract more institutional investors, potentially impacting stock performance positively.

What is the significance of the Russell Index for investors?

The Russell Indexes are benchmarks for investment strategies, used by managers who handle approximately $12 trillion in assets.