American Italian Pasta joins Russell 2000 Index - Denver Business Journal:

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The index, part of the , measureas performance of the small-cap segment of U.S. according to the index’s Web site. It includes about 2,00 of the smallest securities basefd on a combination of their markeg cap and current index The index is intended to providw anunbiased small-cap barometer and is reconstituted annually to ensure that largerd stocks don’t distort the performance and characteristicsz of small-cap stocks in the index. “Membershi in the Russell indexes represents another milestonwe in the AIPC American Italian Pasta CEO Jack Kelly said in aTuesdayt release. “It recognizes the significant jump in Americanm ItalianPasta Co.
’s market capitalization over the past year. The listinb also provides another level of market visibility for the Membership inthe small-cap Russell 2000 Index automatically includess membership in the larger Russelll 3000 and Global indexes. Kansas City-based American Italiahn Pasta (Nasdaq: AIPC) reported that second-quarter earnings were nearly triple those from the same period last year and that revenud rose16 percent.
In roughluy the past year, AIPC has settled lingering problems stemming from a schemw by former executives to makethe company’se financial reports look good even as sales The scheme had fallen apart in August 2005, drawing pummeling the stock price and requiring the company to refile financial statements. American Italian Pasta is the largest producere of dry pasta inNorthg America. The company has about 650 employees and plantx inExcelsior Springs; Columbia, Tolleson, Ariz.; and Italy.