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BUYINS.NET: Have Also Been Added To Naked Short List Today

Thu. June 05, 2008; Posted: 09:25 AM
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Jun 05, 2008 (M2 PRESSWIRE via COMTEX) -- WFYWE | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Pinnacle Gas Resources Inc. (NASDAQ: PINN), Qiao Xing Universal Telephone Inc. (NASDAQ: XING), Hybrid Technologies Inc. (OTCBB: HYBR), Noble Romans Inc (OTCBB: NROM), Oxis International Inc. (OTCBB: OXIS), Wherify Wireless Inc. (OTCBB: WFYW). 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.

Pinnacle Gas Resources Inc. (NASDAQ: PINN | Quote | Chart | News | PowerRating) an independent energy company, engages in the acquisition, exploration, and development of domestic onshore natural gas reserves. It primarily focuses on the development of CBM properties located in the Powder River Basin in northeastern Wyoming and southern Montana. The company also owns properties in the Green River Basin in southern Wyoming. Its principal Wyoming properties in the Powder River Basin are located in two project areas: Recluse and Cabin Creek. The company's Powder River Basin properties in Montana are located in four project areas: Kirby, Deer Creek, Bear Creek, and Bradshaw. As of December 31, 2007, it owned natural gas and oil leasehold interests in approximately 494,000 gross acres. The company had estimated net proved reserves of 25.7 Bcf; and owned interests in 634 gross producing wells. Pinnacle Gas Resources, Inc. was founded in 2003 and is headquartered in Sheridan, Wyoming. With 29.01 million shares outstanding and 91,000 shares declared short as of May 2008, there is a failure to deliver in shares of PINN. According to quarterly data provided by the SEC, there were still 118,451 shares of PINN that were failing-to-deliver as of September 28, 2007.

Qiao Xing Universal Telephone Inc. (NASDAQ: XING | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the manufacture and distribution of telecommunications products primarily in the People's Republic China. It primarily manufactures mobile phone handsets under CECT and COSUN brands. The company also offers mobile phone accessories; terminals and equipment, including cord and cordless telephone sets; wireless fixed phones; Little Smart phones with removable cards; and VOIP phones. In addition, it sells fax machines; CDMA city-phones; CDMA inter-village phones; residential gateways; set-top-box products; and ADSL products. Qiao Xing Universal sells its products to local distributors, retail outlets, and end users through national and provincial distributors, as well as through direct-sales distributors. It has strategic partnerships with China Telecom, China Netcom, China Railcom, China Mobile, and China Unicom. The company was founded in 1992 and is based in Huizhou City, the People's Republic of China. With 29.65 million shares outstanding and 827,400 shares declared short as of May 2008, there is a failure to deliver in shares of XING. According to quarterly data provided by the SEC, there were still 310,159 shares of XING that were failing-to-deliver as of September 28, 2007.

Hybrid Technologies Inc. (OTCBB: HYBR | Quote | Chart | News | PowerRating) a development stage company, engages in the development and marketing of electric powered vehicles and products in the United States. It involves in developing the portable battery power pack technology and effecting vehicle conversions from conventional power systems to electric power systems. The company, through its subsidiary, Zingo, Inc., offers telecommunications services to business and residential customers utilizing voice over Internet protocol technology. It focuses on the provision of these services in Canada, Central and Latin America, Europe, and various other countries in Asia. The company was founded in 2000. It was formerly known as Whistler Investments, Inc. and changed its name to Hybrid Technologies, Inc. in 2005. Hybrid Technologies is based in Las Vegas, Nevada. With 15.65 million shares outstanding and 175,500 shares declared short as of May 2008, there is a failure to deliver in shares of HYBR.

Noble Romans Inc (OTCBB: NROM | Quote | Chart | News | PowerRating) engages in the sale and service of franchises for non-traditional and co-branded foodservice operations primarily in the United States, Puerto Rico, Guam, Italy, and Canada. The company offers pizza items under Noble Roman's Pizza concept, and sub sandwich menu items with Italian theme under the Tuscano's Italian Style Subs restaurant concept, as well as related menu items. It focuses on selling franchise agreements in non-traditional venues, such as hospitals, military bases, universities, convenience stores, attractions, entertainment facilities, casinos, airports, travel plazas, office complexes, and hotels. The company was incorporated in 1972 and is headquartered in Indianapolis, Indiana. With 19.2 million shares outstanding and 1,100 shares declared short as of May 2008, there is a failure to deliver in shares of NROM.

Oxis International Inc. (OTCBB: OXIS | Quote | Chart | News | PowerRating) develops technologies and products to research, diagnose, treat, and prevent diseases of oxidative stress/inflammation associated with damage from free radical and reactive oxygen species. The company holds the rights to four therapeutic classes of compounds in the area of oxidative stress. It focuses on commercialization programs, including MPO (myeloperoxidase), GPx (glutathionione peroxidase), and Superoxide Dismutase (Palosein/Orgotein), as well as a potent antioxidant, Ergothioneine, that might be sold over-the-counter as a neutraceutcal supplement. OXIS International offers approximately 60 research products, including 25 research diagnostic assay test kits for markers of oxidative and nitrosative stress, as well as markets antibodies, enzymes, and controls for use primarily in research laboratories. These assays measure levels of general and specific antioxidant activity, oxidative alterations to lipid, protein, and DNA substrates, and pro-oxidant activation of specific white blood cells. It sells its diagnostic reagents and assays to research laboratories principally in the United States, Japan, Korea, Poland, France, and Canada. The company, through its subsidiary, BioCheck, Inc., provides enzyme immunoassay research services and products, including immunoassay kits for cardiac and tumor markers, infectious diseases, thyroid function, steroids, and fertility hormones. BioCheck markets its products primarily in central and South America, Europe, the Middle East, and Asia through distributors. It also offers custom immunoassay development, antibody purification and conjugation, and immunoassay assembly services to pharmaceutical and diagnostic companies worldwide. OXIS International was founded in 1965. It was formerly known as Diagnostic Data, Inc. and changed its name to DDI Pharmaceuticals, Inc. in 1985, and to OXIS International, Inc. in 1994. The company is headquartered in Foster City, California. With 46.85 million shares outstanding and 5,200 shares declared short as of May 2008, there is a failure to deliver in shares of OXIS. According to quarterly data provided by the SEC, there were still 22,063 shares of OXIS that were failing-to-deliver as of August 29, 2007.

Wherify Wireless Inc. (OTCBB: WFYW | Quote | Chart | News | PowerRating) develops wireless location products and services for family safety and communications, and law enforcement and security technology solutions in the United States. Its portfolio of intellectual property includes its proprietary integration of the U.S Government's Global Positioning System (GPS) and wireless communication technologies; its patented back-end location service; and the Wherifone GPS locator phone, which provides real-time location information and lets families with pre-teens, seniors, or those with special medical needs, stay connected and in contact with each other. The company was founded in 1998 and is headquartered in San Mateo, California. With 75.33 million shares outstanding and 10,000 shares declared short as of May 2008, there is a failure to deliver in shares of WFYW. According to quarterly data provided by the SEC, there were still 10,020 shares of WFYW that were failing-to-deliver as of September 13, 2007.

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 2,000,000,000 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, 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.

For full details for HYBR click here.

    


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