PRESS RELEASE
ABX AIR SELECTED TO JOIN RUSSELL 3000® INDEX
WILMINGTON, OH - June 24, 2005 - ABX Air (NASDAQ:ABXA) today announced it has been selected to join the Russell 3000® broad-market index as it is reconstituted today.
Annual reconstitution of the Russell
indexes captures the 3,000 largest U.S. publicly traded
companies as of May 31, ranking them by total market capitalization
to create the Russell 3000® Index. The largest 1,000 companies in
the ranking comprise the Russell1000® Index, while the remaining
2,000 companies become the Russell 2000® Index of small-cap
companies. ABX Air will be a part of the Russell 2000® Index.
ABX Air is one of 208 companies being added to the Russell 3000® Index in 2005. Russell divides the 3,000 companies into 21 U.S. equity indices according to their size and characteristics.
The indices are widely used by index-fund managers, and as benchmarks for both passive and active investment strategies. About $2.5 trillion in assets are currently benchmarked to the Russell indices.
ABX Air, Inc. is a cargo airline with a fleet of 114 in-service aircraft that operates out of Wilmington, Ohio, and 18 hubs throughout the United States. ABX became an independent public company effective August 16, 2003, as a result of the separation from its former parent company, Airborne, Inc., which was acquired by DHL Worldwide Express B. V. In addition to providing airlift capacity and sort center staffing to DHL Express, ABX provides charter and maintenance services to a diverse group of customers. With over 8,000 employees, ABX is the largest employer in a several-county area in southwestern Ohio.
Except for historical information contained
herein, the matters discussed in this release contain forward-looking
statements that involve risks and uncertainties. ABX Air’s actual results
may differ materially from the results discussed in the forward-looking
statements. There are a number of important factors that could cause ABX
Air’s actual results to differ materially from those indicated by such
forward-looking statements. These factors include but are not limited to a
significant reduction in the scope of services under the commercial
agreements with DHL, maintaining cost and service level performance, the
ability to generate revenues from sources other than DHL and other factors
that are contained from time to time in ABX Air’s filings with the U.S.
Securities and Exchange Commission, including ABX Air’s Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q. Readers should carefully
review this release and should not place undue reliance on ABX Air’s
forward-looking statements. These forward-looking statements were based on
information, plans and estimates as of the date of this release. ABX Air
undertakes no obligation to update any forward-looking statements to
reflect changes in underlying assumptions or factors, new information,
future events or other changes.
For more information contact:
Quint Turner, 937-382-5591
ABX Air, Inc.
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(5/5/05) ABX Air today announced that it has been approved to list its common shares on the NASDAQ National Market and will commence trading under the new listing at the open of the market, Monday, May 9, 2005 under the ticker symbol ABXA. [more]
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