ALICE, Texas--(BUSINESS WIRE)--
Forbes Energy Services Ltd. (NASDAQ: FES) (TSX: FRB), today announced
that it joined the Russell 2000 and Global Indexes when Russell
Investments reconstituted its comprehensive set of U.S. and Global
equity indexes on June 25, 2012.
Membership in the Russell 2000 and Russell Global Indexes means
automatic inclusion in the appropriate growth and value style indexes.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
"We are excited about our inclusion in the Russell family of indexes,
which will significantly increase our visibility in the investment
community," said John Crisp, President and Chief Executive Officer of
Forbes Energy Services. “This news represents an important milestone for
Forbes Energy Services, and reflects the success of our strategies to
drive disciplined growth and enhance returns for our shareholders.”
Forbes Energy Services Ltd. is an independent oilfield services
contractor that provides a broad range of drilling-related and
production-related services to oil and natural gas companies, primarily
onshore in Texas, Mississippi and Pennsylvania. More information on the
Company can be found by visiting www.ForbesEnergyServices.com.
Russell Investments (Russell) is a global asset manager and one of only
a few firms that offers actively managed, multi-asset portfolios and
services that include advice, investments and implementation. Working
with institutional investors, financial advisors and individuals,
Russell’s core capabilities extend across capital markets insights,
manager research, Indexes, portfolio implementation and portfolio
Russell has approximately $155 billion in assets under management (as of
3/31/2012) and works with 2,400 institutional clients, more than 580
independent distribution partners and advisors, and individual investors
globally. Founded in 1936, Russell is a subsidiary of The Northwestern
Mutual Life Insurance Company.
Statements in this release that are not historical facts, including
statements about future dividends or growth plans, are forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. In addition, words such as
"believes," "anticipates," "expects," "views,” “will” and similar
expressions are intended to identify forward-looking statements. We
caution that a number of important factors could cause our actual
results to differ materially from those expressed in any forward-looking
statements made by us or on our behalf. Readers should not place undue
reliance on forward-looking statements, which reflect our views only as
of the date hereof. We undertake no obligation to publicly revise these
forward-looking statements to reflect subsequent events or
circumstances. We cannot assure that we will be able to anticipate or
respond timely to changes which could adversely affect our operating
results. Results of operations in any past period should not be
considered indicative of results to be expected in future periods.
Fluctuations in operating results or other factors may result in
fluctuations in the price of our common stock. For a more complete
description of the prominent risks and uncertainties inherent in our
business, see the risk factors described in documents that we file from
time to time with the Securities and Exchange Commission.
Forbes Energy Services Ltd.L. Melvin Cooper, 361-664-5029orPreston
Graham, Investor Relations, 214-987-4121
Source: Forbes Energy Services Ltd.