Accuride Corporation Joins the Russell 2000®
Index
EVANSVILLE, Ind., July 8, 2005
-- Accuride Corporation (NYSE:ACW), one of the
largest and most diversified manufacturers of
commercial vehicle components in North America,
announced that its stock has been added to the
Russell 2000(R) Index.
The annual reconstitution of Russell's 21 U.S.
equity indexes captures the 3,000 largest U.S.
stocks, ranking them by market capitalization
to create the broad market Russell 3000(R) Index.
This year marks the 21st anniversary of Russell's
U.S. indexes. More than $2.5 trillion in assets
are benchmarked to Russell indexes, including
more than $450 billion invested in passive index
funds that use them as a model.
"We believe our inclusion by Russell is
a further step of the continuing recognition
of Accuride by the investment community following
its recent IPO," said Terry Keating, Accuride's
President and CEO.
At its IPO on April 26, 2005, Accuride offered
11,000,000 shares of common stock at $9 per
share, raising gross proceeds of $99 million.
Accuride Corporation (NYSE:ACW) is one of the
largest and most diversified manufacturers and
suppliers of commercial vehicle components in
North America. Accuride's products include commercial
vehicle wheels, wheel-end components and assemblies,
truck body and chassis parts, seating assemblies
and other commercial vehicle components. Accuride's
products are marketed under its brand names,
which include Accuride, Gunite, Imperial, Bostrom,
Fabco and Brillion. For more information, visit
Accuride's website at http://www.accuridecorp.com.
Statements contained in this news release that
are not purely historical are forward-looking
statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including
statements regarding the Company's expectations,
hopes, beliefs and intentions on strategies
regarding the future. It is important to note
that the Company's actual future results could
differ materially from those projected in such
forward-looking statements because of a number
of factors, including but not limited to market
demand in the commercial vehicle industry, general
economic, business and financing conditions,
labor relations, governmental action, competitor
pricing activity, expense volatility and other
risks detailed from time to time in the Company's
Securities and Exchange Commission filings.
Investor Contact:
Deepak Chaudhry,
812-962-5095
or
Media Contact:
Eva Schmitz,
812-962-5011
Cell: 812-431-7177
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