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BUYINS.NET: ASAQ, MCET, SKNN, XHUA, CSNY, BMSTA Have Also Been Added To Naked Short List Today
Friday, March 28, 2008; Posted: 09:38 AM
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Mar 28, 2008 (M2 PRESSWIRE via COMTEX) -- XHUA | news | PowerRating | PR Charts -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Ascend Acquisition Corp. (OTCBB: ASAQ), MultiCell Technologies Inc. (OTCBB: MCET), Skins Inc. (OTCBB: SKNN), Xinhua China, Ltd. (OTCBB: XHUA), City Network, Inc. (OTC: CSNY), Bedminster National Corp. (OTCBB: BMSTA). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.

Ascend Acquisition Corp. (OTCBB: ASAQ | news | PowerRating | PR Charts ) does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, or other similar business combination, with an operating business in the United States. The company was founded in 2005 and is based in Wayne, Pennsylvania. With 8.57 million shares outstanding and 900 shares declared short as of March 2008, there is a failure to deliver in shares of ASAQ. According to quarterly data provided by the SEC, there were still 36,500 shares of ASAQ that were failing-to-deliver as of September 24, 2007.

MultiCell Technologies Inc. (OTCBB: MCET | news | PowerRating | PR Charts ) a biopharmaceutical company, develops and commercializes therapeutics based on a portfolio of patented drug development technology platforms. The company leverages patented methods of modulating the human immune system to treat serious autoimmune diseases, including multiple sclerosis and type-1 diabetes, as well as influenza and other health threats. Its therapeutic pipeline includes MCT-125, a Phase IIb drug for the treatment of chronic fatigue in patients suffering from multiple sclerosis; MCT-175 for the treatment of relapsing-remitting multiple sclerosis; MCT-275 for the treatment of juvenile diabetes; MCT-465 for the treatment of virus infection and cancer; and MCT-475 for the treatment of colorectal cancer. The company's technology toll-like receptor signaling and T-cell targeting capabilities enable the development of new therapeutic candidates for disease-specific targeting of the innate and adaptive immune systems. MultiCell Technologies, Inc. also produces immortalized human hepatocyte cell lines used by the pharmaceutical industry to develop new therapeutics. In addition, it has patented the ?Sybiol' synthetic bio-liver device that is used as an artificial liver bridge for transplant patients awaiting a donor organ. The company was founded in 1962 and is headquartered in Lincoln, Rhode Island. With 46.03 million shares outstanding and 73,800 shares declared short as of March 2008, there is a failure to deliver in shares of MCET. According to quarterly data provided by the SEC, there were still 10,965 shares of MCET that were failing-to-deliver as of September 24, 2007.

Skins Inc. (OTCBB: SKNN | news | PowerRating | PR Charts ) a development stage footwear company, engages in the design, manufacture, and marketing of men's and women's footwear. It is developing a footwear product, including two-part footwear structure consisting of an outer collapsible Skin' and an inner orthopedic support section called the Bone'. The company was founded in 2004 and is headquartered in New York, New York. With 40.96 million shares outstanding and 471,400 shares declared short as of March 2008, there is a failure to deliver in shares of SKNN. According to quarterly data provided by the SEC, there were still 42,397 shares of SKNN that were failing-to-deliver as of September 27, 2007.

Xinhua China, Ltd. (OTCBB: XHUA | news | PowerRating | PR Charts ) operates as a co-publishing and digital media company. It engages in Internet book distribution business. The company is based in Beijing, the People's Republic of China. With 54.6 million shares outstanding and 1,000 shares declared short as of March 2008, there is a failure to deliver in shares of XHUA. According to quarterly data provided by the SEC, there were still 74,720 shares of XHUA that were failing-to-deliver as of September 21, 2007.

City Network, Inc. (OTC: CSNY | news | PowerRating | PR Charts ) engages in the design, manufacture, and marketing of a range of broadband communication and wireless Internet access products and solutions in the United States. It offers asymmetric digital subscriber line/very high bit-rate digital subscriber line devices that provide broadband access based on Internet technologies; HPNA, a broadband network access system, which provides broadband data access through existing telephone lines; fiber optic access equipment; and global positioning system solution. The company primarily serves broadband and wireless Internet services providers, as well as small, medium, and large telecommunications companies. City Network was founded in 1994 and is based in Taipei, Taiwan. With 35.0 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of CSNY.

Bedminster National Corp. (OTCBB: BMSTA | news | PowerRating | PR Charts ) a development stage company, provides management consulting services to third party companies in the United States. Its consulting services include reviewing long-term planning and annual budgeting; assisting in assessing operating and strategic objectives, including new business development and financial pro-forma models; identifying potential new business ventures and partners, such as joint ventures or partnerships; reviewing external sources of information about the client; reviewing various business factors in the industries in which the client operates; and advice on senior management structure, compensation, recruitment, retention, incentives, and development. The company also reviews competitive product and service offerings; reviews liquidity and access to credit, capital, and other markets; reviews relationships with commercial banks, investment banks and brokerage firms, and other financial institutions; advices client with respect to identifying new cash generation sources; assists in identifying debt, equity, and other capital raising opportunities; and evaluates cost structure, including service delivery costs. The company was founded in 2005 and is based in Bedminster, New Jersey. With 6.5 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of BMSTA.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 1,850,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.

BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.

BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.

You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

Contact: Thomas Ronk, CEO www.buyins.net Tom@buyins.net +1-800-715-9999

CONTACT: Thomas Ronk, CEO, Buyins.net Tel: +1 800 715 9999 e-mail: Tom@buyins.net WWW: http://www.buyins.net

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

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