RESTON, Va.--(BUSINESS WIRE)--
Comstock Holding Companies, Inc. (NASDAQ: CHCI) ("Comstock" or the
"Company"), a homebuilding and multi-faceted real estate development and
services company in the Washington, D.C. metropolitan area, today
announced it will be added to the Russell Microcap® Index, effective at
the close of the market on June 28, 2013.
Chairman and CEO Christopher Clemente commented, "We are pleased to be
added to the Russell Microcap Index. Inclusion in this index is a
testament to the many steps we have taken over the past two years to
position Comstock for growth and profitability. We believe that the
inclusion in this index will expand our visibility to a broader range of
institutional investors and are gratified that Comstock has gained this
additional opportunity for recognition within the investment community."
The Russell Microcap Index measures the performance of the microcap
segment of the U.S. equity market. Microcap stocks consist of the
smallest 1,000 securities in the small-cap Russell 2000® Index, plus the
next 1,000 eligible securities, based on a ranking of all U.S. equities
by market capitalization. Membership in the Russell Microcap Index,
which remains in place for one year, means automatic inclusion in the
appropriate growth and value style indexes.
About Comstock Holding Companies, Inc.
Comstock is a homebuilding and multi-faceted real estate development and
services company that builds a wide range of housing products under its
Comstock Homes brand through its wholly owned subsidiary, Comstock Homes
of Washington, LC. Our track record of developing numerous successful
new home communities and more than 5,500 homes, together with our
substantial experience in building a diverse range of products including
apartments, single-family homes, townhouses, mid-rise condominiums,
high-rise condominiums and mixed-use (residential and commercial)
developments has positioned Comstock as a leading residential developer
and homebuilder in the Washington, D.C. metropolitan area. Comstock
Holding Companies, Inc. is a publicly traded company, trading on NASDAQ
under the symbol: CHCI. For more information about Comstock or its new
home communities, please visit www.comstockhomes.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains "forward-looking" statements that are made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve known
and unknown risks and uncertainties that may cause actual future results
to differ materially from those projected or contemplated in the
forward-looking statements including incurring substantial indebtedness
with respect to projects, the diversion of management's attention and
other negative consequences. Additional information concerning these and
other important risks and uncertainties can be found under the heading
"Risk Factors" in the Company's most recent Form 10-K, as filed with the
Securities and Exchange Commission. Comstock specifically disclaims any
obligation to update or revise any forward-looking statements, whether
as a result of new information, future developments or otherwise.
Comstock Holding Companies, Inc.
Joe Squeri, 703-230-1229
Chief
Financial Officer
or
Investor Relations:
LHA
Harriet
Fried/Jody Burfening
212-838-3777
hfried@lhai.com
Source: Comstock Holding Companies, Inc.
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