American Stock Exchange Launches Six New Intellidex Indexes

The American Stock Exchange (Amex) announced today the launch of six new Intellidex^SM Indexes designed to reflect value and growth. Comprised of large, midsize and small U.S. companies, the Intellidex Indexes consist of securities that meet objective screening criteria. The Intellidex Indexes are designed to identify stocks that have capital appreciation potential using a proprietary stock selection and portfolio construction methodology.

PowerShares Capital Management has licensed the indexes for use in additional Exchange Traded Fund (ETF) products.

Robert Tull, vice president of the Amex ETF Marketplace, said, "We are extremely pleased about the launch and license of the six new Intellidex Indexes. As the global leader in listing ETFs, the Amex continually strives to bring new opportunities to the marketplace for investors."

Scott Ebner, associate director of new product development at the Amex, said, "The launch of the new Intellidex Indexes continues our effort to develop innovative indexes using the Amex's expertise in index calculation to create indexes for ETFs and other investment products. Applying the Intellidex selection methodology to size and style segments of the market is a natural extension of the Intellidex Dynamic Market and Dynamic OTC indexes launched earlier this year."

The six new indexes include: The Dynamic Large Cap Growth Intellidex Index (Symbol: ILH); The Dynamic Large Cap Value Intellidex Index (Symbol: ILW); The Dynamic Mid Cap Growth Intellidex Index (Symbol: ILJ); The Dynamic Mid Cap Value Intellidex Index (Symbol: ILP); The Dynamic Small Cap Growth Intellidex Index (Symbol: ILK) and The Dynamic Small Cap Value Intellidex Index (Symbol: ILZ).

The proprietary Intellidex model employs a quantitative approach to stock selection. On a quarterly basis, eligible companies are ranked based on a variety of criteria including fundamentals, valuation, timeliness and risk factors and then selected based on their cumulative score. The Intellidex Indexes are calculated using a modified equal dollar weighting methodology.