LONG BEACH, N.Y., June 27, 2016 (GLOBE NEWSWIRE) — Planet Payment, Inc. (NASDAQ:PLPM), a leading provider of international and multi-currency payment processing services today announced it was added to the Russell 2000® Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 27, 2016.
“We are pleased to be added to the Russell 2000 which reflects our continued positive momentum and efforts to increase shareholder value,” said Carl J. Williams, CEO of Planet Payment. “We expect our inclusion will raise our profile and generate greater interest in our stock among international investors.”
The annual reconstitution of the Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies become the Russell 2,000. Planet Payment will hold its membership until Russell reconstitutes its indexes in June 2017.
ABOUT PLANET PAYMENT
Planet Payment is a leading provider of international payment processing and multi-currency processing services. We provide our services in 21 countries and territories across the Asia Pacific region, the Americas, the Middle East, Africa and Europe, primarily through our 70+ acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit www.planetpayment.com for more information about the Company and its services.
CONTACT: Planet Payment Contact: Jill Raftery Telephone: 516.941.1858 email: [email protected] www.PlanetPayment.com