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BUYINS.NET: MNI, AKNS, IDEV, RBPAA, TSFG, IFLI Have Been Added To Naked Short List Today

Mon. June 23, 2008; Posted: 03:57 AM
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Jun 23, 2008 (M2 PRESSWIRE via COMTEX) -- TSFG | 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: The McClatchy Company (NYSE: MNI), Akeena Solar Inc. (NASDAQ: AKNS), Indevus Pharmaceuticals Inc. (NASDAQ: IDEV), Royal Bancshares of Pennsylvania Inc. (NASDAQ: RBPAA), South Financial Group Inc. (NASDAQ: TSFG), International Fight League Inc. (OTCBB: IFLI). 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.

The McClatchy Company (NYSE: MNI | Quote | Chart | News | PowerRating) operates as a newspaper company in the United States. Its newspapers include The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. As of December 31, 2007, the company owned 30 daily newspapers and approximately 50 non dailies located in 29 markets. In addition, it has a network of Internet assets, including local Web sites in each of its daily newspaper markets offering users information, news, advertising, e-commerce, and other services. The company also owns and operates McClatchy Interactive, an interactive operation that provides Web sites with content, publishing tools, hosting services, and software development. In addition, it owns 14.4% of CareerBuilder, an online job site; 25.6% of Classified Ventures, a newspaper industry partnership that offers classified Web sites; cars.com, an auto Web site; and apartments.com, a rental site. The McClatchy Company was founded in 1860 and is headquartered in Sacramento, California. With 82.32 million shares outstanding and 14.39 million shares declared short as of May 2008, there is a failure to deliver in shares of MNI. According to quarterly data provided by the SEC, there were still 112,692 shares of MNI that were failing-to-deliver as of September 28, 2007.

Akeena Solar Inc. (NASDAQ: AKNS | Quote | Chart | News | PowerRating) engages in the design, integration, installation, marketing, and sale of solar power systems for residential and small commercial customers in the United States. The company focuses on the design and integration of grid-tied solar power systems, which are electrically connected to the utility grid so that excess energy produced during the day flows backwards through the utility's electric meter. It offers products to residential customers that include high-income professionals, as well as to commercial customers, including owner occupied businesses consisting of wineries and small commercial offices. The company was founded in 2001 and is headquartered in Los Gatos, California. It has additional offices in Fresno, Lake Forest, Bakersfield, Manteca, Santa Rosa, Palm Springs, San Diego, and Thousand Oaks, California; and Fairfield, New Jersey. With 28.39 million shares outstanding and 3.28 million shares declared short as of May 2008, there is a failure to deliver in shares of AKNS. According to quarterly data provided by the SEC, there were still 209,547 shares of AKNS that were failing-to-deliver as of September 28, 2007.

Indevus Pharmaceuticals Inc. (NASDAQ: IDEV | Quote | Chart | News | PowerRating) a specialty pharmaceutical company, engages in the acquisition, development, and commercialization of products to treat conditions in urology and endocrinology in the United States. The company's approved products consist of SANCTURA, a muscarinic receptor antagonist, and SANCTURA XR for the treatment of overactive bladder that are co-promoted with its partner Allergan, Inc.; VANTAS for treating advanced prostate cancer, SUPPRELIN LA for central precocious puberty, and DELATESTRYL for the treatment of hypogonadism. Its urology and endocrinology development portfolio contains multiple compounds, which comprise NEBIDO for male hypogonadism; VALSTAR for bladder cancer; PRO 2000 for the prevention of infection by HIV and other sexually-transmitted diseases; the octreotide implant for acromegaly; and a biodegradable ureteral stent for the treatment of kidney stones. Indevus Pharmaceuticals also outlicenses the development and commercialization of various compounds comprising pagoclone for stuttering; ALKS 27 for chronic obstructive pulmonary disease, which it jointly develops with Alkermes, Inc.; aminocandin for systemic fungal infections for which, the company licensed the know-how to Novexel S.A.; and IP 751 for pain and inflammation for which, it licensed worldwide rights to Cervelo Pharmaceuticals, Inc. The company was founded in 1988 and is headquartered in Lexington, Massachusetts. With 77.51 million shares outstanding and 10.02 million shares declared short as of May 2008, there is a failure to deliver in shares of IDEV. According to quarterly data provided by the SEC, there were still 29,279 shares of IDEV that were failing-to-deliver as of September 18, 2007.

Royal Bancshares of Pennsylvania Inc. (NASDAQ: RBPAA | Quote | Chart | News | PowerRating) operates as the holding company for Royal Bank America and Royal Asian Bank that provides general banking services in the United States. It primarily engages in generating deposits and originating loans. The company offers checking accounts, now and money market, savings, and time deposits. Its loan portfolio includes residential mortgages, construction loans, home equity, consumer, and SBA loans. The company also provides safe deposit boxes, collections, Internet banking, and bill payment; and drive-up, automated teller machines, and night depository facilities. Royal Bancshares, through its other subsidiaries, purchases and services delinquent tax certificates; and originate structured debt, asset based loans, and small business leases. As of December 31, 2007, the Royal Bank America operated 16 branches in Montgomery, Philadelphia, and Berks counties in Pennsylvania; northern and southern New Jersey; and Delaware, as well as Royal Asian Bank operated 6 branches in Philadelphia, northern New Jersey, and New York City. The company was founded in 1963 and is headquartered in Narberth, Pennsylvania. With 13.44 million shares outstanding and 596,500 shares declared short as of May 2008, there is a failure to deliver in shares of RBPAA. According to quarterly data provided by the SEC, there were still 13,693 shares of RBPAA that were failing-to-deliver as of August 17, 2007.

South Financial Group Inc. (NASDAQ: TSFG | Quote | Chart | News | PowerRating) operates as the holding company for Carolina First Bank and Mercantile Bank that provide a range of financial products and services to consumers in South Carolina, Florida, and North Carolina. The company offers various financial products and services, including banking, merchant processing, mortgage, treasury services, and wealth management, which consists of benefits administration, insurance, private banking, retail investment, and trust and investment management services. It also provides Internet banking services, such as bill payment services. As of December 31, 2007, The South Financial Group operated through 79 branch offices in South Carolina, 66 in Florida, and 27 in North Carolina. The company was founded in 1986 and is headquartered in Greenville, South Carolina. With 72.76 million shares outstanding and 15.53 million shares declared short as of May 2008, there is a failure to deliver in shares of TSFG. According to quarterly data provided by the SEC, there were still 36,873 shares of TSFG that were failing-to-deliver as of September 27, 2007.

International Fight League Inc. (OTCBB: IFLI | Quote | Chart | News | PowerRating) operates as a professional mixed martial arts sports league. It organizes, hosts, and promotes live and televised mixed martial arts sporting events primarily in the United States. As of December 31, 2007, the company had 12 mixed martial arts teams. International Fight League, Inc. was founded in 2005 and is headquartered in New York, New York with an additional office in Las Vegas, Nevada. With 79.06 million shares outstanding and 200,400 shares declared short as of May 2008, there is a failure to deliver in shares of IFLI. According to quarterly data provided by the SEC, there were still 17,998 shares of IFLI that were failing-to-deliver as of September 21, 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 AKNS click here.

    


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