MEDINA, Ohio, Jun 26, 2002 /PRNewswire-FirstCall via COMTEX/ -- RPM International Inc.
(NYSE: RPM) today announced that it expects to advance to the Russell 1000(R)
Index from the Russell 2000(R) Index when the re-balanced indexes go into effect
on July 1, 2002.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010126/RPMLOGO )
The Russell indexes are reconstituted annually to identify the 3,000 largest
companies, based on total market capitalization as of the end of May, and are
part of 21 U.S. equity indexes developed by the Frank Russell Company, which are
widely used as a benchmark for investment strategies by institutional and
"RPM's anticipated move to the Russell 1000 is another milestone for the company
and is further evidence of our continued growth and financial strength," said
Thomas C. Sullivan, chairman and chief executive officer. "Index investors will
be reorganizing their portfolios accordingly by the close of trading this
Friday, which could potentially cause short-term volatility in the trading of
our stock. We believe, however, the increased visibility that comes from being
included in the Russell 1000 will benefit RPM and its shareholders over the
coming year and beyond."
RPM, Inc. is a world leader in specialty coatings serving both industrial and
consumer markets. RPM's industrial products including roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty chemicals. Its
consumer products are used by professionals and do-it- yourselfers for home,
automotive and boat maintenance and by hobbyists. Leading industrial brands
include Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. Consumer brands
include Zinsser, Rust-Oleum, DAP, Flecto, Bondo and Testor.
This press release contains "forward-looking statements" relating to the
business of the Company. These forward-looking statements, or other statements
made by the Company, are made based on management's expectations and beliefs
concerning future events impacting the Company and are subject to uncertainties
and factors (including those specified below) which are difficult to predict
and, in many instances, are beyond the control of the Company. As a result,
actual results of the Company could differ materially from those expressed in or
implied by any such forward-looking statements. These uncertainties and factors
include (a) general economic conditions; (b) the price and supply of raw
materials, particularly titanium dioxide, certain resins, aerosols and solvents;
(c) continued growth in demand for the Company's products; (d) legal,
environmental and litigation risks inherent in the Company's construction and
chemicals businesses and risks related to insurance coverage inherent in the
Company's disclosed litigation; (e) the effect of changes in interest rates; (f)
the effect of fluctuations in currency exchange rates upon the Company's foreign
operations; (g) the potential impact of the euro currency conversion; (h) the
effect of non- currency risks of investing in and conducting operations in
foreign countries, including those relating to domestic and international
political, social, economic and regulatory factors; (i) risks and uncertainties
associated with the Company's ongoing acquisition and divestiture activities;
and other risks detailed in the Company's other reports and statements filed
with the Securities and Exchange Commission, including the risk factors set
forth in the Company's prospectus and prospectus supplement included as part of
the Company's Registration Statement on Form S-3 (File No. 333-77028), as the
same may be amended from time to time.
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SOURCE RPM, Inc.
CONTACT: Glenn R. Hasman, Vice President of Finance and Communications
of RPM, Inc., +1-330-273-8820
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