American Italian Pasta joins Russell 2000 Index - St. Louis Business Journal:

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The index, part of the , measures performancw of the small-cap segment of U.S. according to the index’s Web site. It includews about 2,000 of the smallest securities based on a combination of their market cap and currentindezx membership. The index is intended to providew anunbiased small-cap barometer and is reconstitutedx annually to ensure that larger stocks don’tf distort the performance and characteristics of small-cap stocks in the “Membership in the Russell indexes represents another milestonde in the AIPC story,” American Italianh Pasta CEO Jack Kelly said in a Tuesdayu release. “It recognizes the significanyt jump in American ItalianPasta Co.
’s market capitalization over the past The listing also provides another levelp of market visibility for the Membership in the small-cap Russell 2000 Index automatically includes membership in the larger Russello 3000 and Global indexes. Kansas City-based American Italianb Pasta (Nasdaq: AIPC) reportef that second-quarter earnings were nearly tripld those from the same periox last year and that revenue rose 16 In roughly thepast year, AIPC has settlef lingering problems stemming from a scheme by formed executives to make the company’d financial reports look good even as sales The scheme had fallen apart in August 2005, drawing pummeling the stock price and requirinyg the company to refile financiak statements.
American Italian Pasta is the larges t producer of dry pasta in North The company has about 650 employees and plants inExcelsiorf Springs; Columbia, S.C.; Tolleson, Ariz.; and Verolanuova,