Press release from PR Newswire
Encore Capital Group Named to Barron's 400(SM) Index
Tuesday, June 04, 2013
Encore Capital Group Named to Barron's 400(SM) Index08:30 EDT Tuesday, June 04, 2013
Only 6 percent of all North American publicly listed companies are selected
SAN DIEGO, June 4, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) today announced that the company has been named to the Barron's 400 for the fourth time since the index's inception in 1997.
"Being named to the Barron's 400 is an incredible honor that highlights Encore's track record," said Encore's President and Chief Executive Officer Ken Vecchione. "We've become a global leader for the industry, both in our business operations and in our commitment to operating ethically and treating consumers with respect."
The Barron's 400 measures the performance of a diversified group of U.S. companies. It includes businesses that have scored highest according to fundamentals-related rankings calculated by MarketGrader.com.
"Given that only about 6 percent of all North American publicly listed companies are selected to the Barron's 400 on the basis of their fundamental soundness underscores the overall strength of your company's financial results and its bright prospects as an investment for public shareholders," wrote Carlos Diez, president of MarketGrader, in a congratulatory letter to Encore.
The Barron's 400 Index has dramatically outperformed the broader U.S. equity market by more than five percentage points per year in the last decade. It shows a cumulative 10-year return of nearly 175 percent.
Last week, Encore announced its first international acquisition with an agreement to purchase a controlling stake in United Kingdom and Ireland-based Cabot Credit Management. In March, Encore announced the acquisition of Asset Acceptance Capital Corp.
About Encore Capital Group, Inc. Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Headquartered in San Diego, Encore Capital Group is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500. More information about Encore Capital Group can be found at www.encorecapital.com. Encore Capital Group's website and the information contained therein, is not incorporated into and is not a part of this press release.
Forward Looking Statements
The statements in this press release that are not historical facts, including, most importantly, those statements preceded by, or that include, the words "may," "believe," "projects," "expects," "anticipates" or the negation thereof, or similar expressions, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). These statements may include, but are not limited to, statements regarding our litigation, future operating results, performance, business plans or prospects. For all "forward-looking statements," the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. Such forward-looking statements involve risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company and its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors are discussed in the reports filed by the Company with the Securities and Exchange Commission, including the most recent reports on Forms 10-K, 10-Q and 8-K, each as it may be amended from time to time. The Company disclaims any intent or obligation to update these forward-looking statements.
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SOURCE Encore Capital Group, Inc.