Burbank, CA, June 29, 2009 – Youbet.com, Inc. (NASDAQ: UBET) announced today that the company was added to the U.S. small-cap Russell 2000® Index after the equity markets closed on June 26, as Russell Investments reconstituted its comprehensive family of global indexes. Membership in the Russell 2000, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. Youbet also was added systematically to the appropriate growth and value indexes.
“We are very pleased to see that our efforts in focusing on the customer experience and turning Youbet around into a profitable company over the past year have paid off in being added to this
well-regarded index,” said Youbet.com President and Chief Executive Officer David Goldberg.“Inclusion in the Russell 2000 should enhance our visibility and aid us in bringing our success story to an even broader range of investors.”
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading
$4.4 trillion in assets currently are benchmarked to them. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers. Real-time market analysis on the Russell 2000 and other Russell Indexes is available at http://www.russell.com/Indexes/performance/real_time_market_analysis.asp.
About Youbet.com, Inc.
Youbet.com, Inc. (NASDAQ: UBET) is a leading domestic online horse racing and horse betting site, the exclusive provider of live horse racing footage and racing results to ESPN.com and CBSSports.com and a leading supplier of totalizator systems to the pari-mutuel industry.
Youbet’s website enables its customers to securely wager on horse races at over 150 racetracks each year worldwide from the convenience of their homes or other locations. Through its online
platform, Youbet offers members real-time wagering, co-mingled track pools, conditional wagering capabilities, high quality live audio/video, up-to-the-minute track information, mobile wagering, race replay library, simultaneous X2 Video multi-race viewing capability and sophisticated ROI-based player analysis tools. In addition, through its United Tote totalizator systems subsidiary, Youbet provides hardware and software to its track partners, allowing them to process pari-mutuel wagers, issue and pay tickets, and calculate payoff odds.
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