Standard & Poor’s Announces Changes To S&P Index

Standard & Poor’s will make the following changes to the S&P SmallCap 600 Index after the close of trading on Tuesday, September 28:

• Petroleum Development Corp. (NASD:PETD) will replace Evergreen Resources Inc. (NYSE:EVG). Evergreen Resources is being acquired by S&P MidCap 400 constituent Pioneer Natural Resources Co. (NYSE:PXD) in a transaction expected to close on or about that date, pending final approvals.
• Gentiva Health Services Inc. (NASD:GTIV) will replace Concord Camera Corp. (NASD:LENS). Concord Camera’s stock has been trading at or below $2.00 per share since August 26th.
• Sonic Solutions (NASD:SNIC) will replace Intermet Corp. (NASD:INMT). As of market close on Monday, September 20, Intermet had a market capitalization of approximately $19 million, ranking 600th in the Index.

Standard & Poor’s will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Petroleum Development is a regional independent energy company engaged primarily in the development, production and marketing of natural gas. Headquartered in Bridgeport, WV, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Oil & Gas Exploration & Production Sub-Industry Index.

Gentiva Health Services provides home health services. It operates licensed and Medicare-certified nursing agencies located in 35 states. Headquartered in Melville, NY, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry Index.

Sonic Solutions develops and markets computer-based tools for creating digital audio and video titles in the CD-Audio and DVD-Video formats, and for recording and backing up data files. Headquartered in Novato, CA, the company will be added to the S&P SmallCap 600 GICS Application Software Sub-Industry Index.

Following is a summary of the changes:

Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

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