The Glimpse Group Added to the Russell Microcap(R) Index

Rhea-AI Summary

The Glimpse Group (NASDAQ:VRAR) has been added to the Russell Microcap Index as of September 20, 2021. This inclusion provides Glimpse automatic membership in corresponding growth and value style indexes, enhancing its visibility among investors. The company aims to build a leading enterprise-focused platform in Virtual Reality and Augmented Reality sectors. This milestone follows their recent IPO and Nasdaq listing, showcasing their commitment to strategic growth in the immersive technologies market.

Positive

• Inclusion in the Russell Microcap Index enhances visibility among institutional investors.
• Recent IPO and Nasdaq listing signal strong market position and investor interest.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / September 20, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions, has been added to the Russell Microcap® Index effective at the opening of trading today.

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.

"Our inclusion in the Russell Microcap® Index is the latest in a growing list of milestones achieved this year, highlighted by our IPO and listing on the Nasdaq," said Lyron Bentovim, Glimpse's President & Chief Executive Officer. "We are highly focused and deeply committed to further executing on our strategic growth plans of building a leading enterprise-focused company in the emerging immersive technologies segments, as the only pure-play, Nasdaq listed, diversified VR and AR software and services company."

Video Link: https://vimeo.com/604078055

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $17.9 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 indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website .

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ:VRAR) is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software & services companies, and designed with the specific purpose

of cultivating companies in the emerging VR/AR industry. Glimpse's unique business model simplifies challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into the emerging VR/AR industry via a diversified platform. For more information about The Glimpse Group, please visit www.theglimpsegroup.com

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com .

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe,", "view," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Glimpse Contact:
Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
917-292-2685
maydan@theglimpsegroup.com

Investor Relations:
Mark Schwalenberg, CFA
Director
MZ Group - North America
312-261-6430
Glimpse@mzgroup.us
www.mzgroup.us

SOURCE: The Glimpse Group, Inc.

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FAQ

What does Glimpse Group's inclusion in the Russell Microcap Index mean for VRAR shareholders?

Inclusion in the Russell Microcap Index increases visibility for VRAR among institutional investors and may influence stock performance positively.

When was Glimpse Group added to the Russell Microcap Index?

The Glimpse Group was added to the Russell Microcap Index effective September 20, 2021.

How does being part of the Russell Microcap Index impact Glimpse Group's strategies?

Membership in the Russell Microcap Index supports Glimpse Group's strategic growth plans by improving access to investment and enhancing credibility.

What are the benefits of Russell indexes for Glimpse Group?

Russell indexes are widely used as benchmarks by investment managers, potentially leading to increased investment opportunities for Glimpse Group.

What milestones has Glimpse Group achieved in 2021?

In 2021, Glimpse Group achieved significant milestones including its IPO and listing on the Nasdaq, in addition to joining the Russell Microcap Index.