Electro-Optical Sciences Joins Russell Microcap Index

BOSTON, Jul 08, 2008 (ASCRIBE NEWS via COMTEX) -- MELA | Quote | Chart | News | PowerRating -- Electro-Optical Sciences (EOS), a medical device company focused on the design and development of MelaFind, a non-invasive, point-of-care instrument to assist in the early diagnosis of melanoma, announced that the company has joined the Russell Mircocap Index based on a preliminary list of additions posted June 27, on www.russell.com.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity 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 both passive and active investment strategies. $4.4 trillion in assets currently are benchmarked to them.

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