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BUYINS.NET: CRBC, MCEL, OSIR, PBKS, RVEP, SPRD Have Also Been Added To Naked Short List Today

Thu. June 26, 2008; Posted: 09:32 AM
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Jun 26, 2008 (M2 PRESSWIRE via COMTEX) -- SPRD | 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: Citizens Republic Bancorp Inc. (NASDAQ: CRBC), Millennium Cell Inc. (OTC: MCEL), Osiris Therapeutics Inc. (NASDAQ: OSIR), Provident Bankshares Corp. (NASDAQ: PBKS), Rio Vista Energy Partners L.P. (NASDAQ: RVEP), Spreadtrum Communications Inc. (NASDAQ: SPRD). 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.

Citizens Republic Bancorp Inc. (NASDAQ: CRBC | Quote | Chart | News | PowerRating) operates as the bank holding company for Citizens Bank and F&M Bank?Iowa. It provides banking and financial services to individuals and businesses in Michigan, Wisconsin, Ohio, Iowa, and Indiana. The company operates in three divisions: Specialty Commercial, Regional Banking, and Wealth Management. The Specialty Commercial division provides lending, depository, and related financial services to commercial real estate developers, owners of multi-unit commercial properties, middle-market companies, local governments and municipalities, and leasing clients. It offers commercial mortgages, real estate construction lending, term loans, revolving credit arrangements, inventory and accounts receivable financing, and letters of credit; and noncredit services for various customers, including deposit accounts, treasury management, corporate cash management, international banking services, advice and assistance in the placement of securities, and financial planning. The Regional Banking division provides a range of lending, depository, and other related financial services to both businesses and individual consumers. This division offers direct loans, home equity loans and lines of credit, and residential mortgage loans, as well as checking, savings, and money market accounts; debit and credit cards; ATM network services; certificates of deposit; and fixed and variable annuities. The Wealth Management division offers asset management, financial planning, estate settlement and administration, and credit and deposit products and services, as well as provides trust and investment services. This division also offers retail mutual funds, other securities, variable and fixed annuities, personal disability and life insurance products, and brokerage services. As of December 31, 2007, the company operated 238 offices and 265 ATM locations. The company was founded in 1871 and is based in Flint, Michigan. With 75.75 million shares outstanding and 10.65 million shares declared short as of May 2008, there is a failure to deliver in shares of CRBC. According to quarterly data provided by the SEC, there were still 21,665 shares of CRBC that were failing-to-deliver as of August 23, 2007.

Millennium Cell Inc. (OTC: MCEL | Quote | Chart | News | PowerRating) a development stage company, develops hydrogen batteries for use primarily in portable electronic devices for the military, medical, industrial, and consumer markets. The hydrogen batteries comprise a fuel cell and hydrogen storage technology. The fuel blends used in the hydrogen battery technology include combination of water, sodium borohydride, and other chemicals. The hydrogen produced by its hydrogen fuel cartridge technology is converted into electricity by a fuel cell. The company develops the technology in partnership with corporate and government entities. It also licenses its hydrogen cartridge technology and designs to companies, which develop fuel cell systems. Millennium Cell has a strategic relationship with The Dow Chemical Company for the commercialization of its hydrogen battery technology in the military and consumer electronics markets, as well as has a joint development and licensing agreement with Horizon Fuel Cells Plc. The company was founded in 1998 and is based in Eatontown, New Jersey. With 75.62 million shares outstanding and 6.67 million shares declared short as of May 2008, there is a failure to deliver in shares of MCEL. According to quarterly data provided by the SEC, there were still 134,893 shares of MCEL that were failing-to-deliver as of September 28, 2007.

Osiris Therapeutics Inc. (NASDAQ: OSIR | Quote | Chart | News | PowerRating) a biotechnology company, commercializes stem cell products from adult bone marrow in the United States. It develops and markets products to treat medical conditions in the inflammatory, orthopedic, and cardiovascular areas. The company markets Osteocel for use in spinal fusion and other orthopedic surgical procedures. Its products also include Prochymal, which is in phase III clinical trials for the treatment of steroid refractory Graft versus Host Disease (GvHD), acute GvHD, and Crohn's disease; in phase II clinical trials for the treatment of Type I diabetes and acute myocardial infarction; in preclinical stage for the treatment of acute radiation syndrome; and Chondrogen, a phase I/II clinical trial used for the treatment of osteoarthritis and the reduction of pain in the knee. Osiris Therapeutics has collaboration agreements with JCR Pharmaceuticals Co., Ltd., Genzyme Corporation, Juvenile Diabetes Research Foundation, and Blackstone Medical, Inc. The company was founded in 1992 and is headquartered in Columbia, Maryland. With 31.77 million shares outstanding and 2.04 million shares declared short as of May 2008, there is a failure to deliver in shares of OSIR. According to quarterly data provided by the SEC, there were still 345,206 shares of OSIR that were failing-to-deliver as of September 28, 2007.

Provident Bankshares Corp. (NASDAQ: PBKS | Quote | Chart | News | PowerRating) operates as the holding company for Provident Bank, which provides commercial banking services to individuals and businesses. The company's deposit accounts include noninterest-bearing, interest-bearing demand, money market, savings, direct time certificates of deposits, and brokered certificates of deposits. Its consumer loan products include installment loans secured by real estate, boats, automobiles, home equity lines, and unsecured personal lines of credit; commercial real estate loan products comprise commercial and residential construction loans, as well as intermediate-term commercial mortgages; commercial business lending products consist of term loans, equipment leases, and revolving lines of credit for the purpose of current asset financing, equipment purchases, owner occupied real estate financing, and business expansion; and non-performing assets and delinquent loans include non-accrual loans, renegotiated loans, and real estate and other assets that have been acquired through foreclosure or repossession. The company also provides securities brokerage, investment management, and related insurance services; and telephone and Internet banking services. As of December 31, 2007, it served various customers in the areas of Baltimore, Washington, and Richmond through a network of 143 banking offices and 242 ATMs in Maryland and Virginia, as well as in southern York County, Pennsylvania. The company was founded in 1886 and is based in Baltimore, Maryland. With 33.15 million shares outstanding and 7.11 million shares declared short as of May 2008, there is a failure to deliver in shares of PBKS. According to quarterly data provided by the SEC, there were still 77,588 shares of PBKS that were failing-to-deliver as of September 20, 2007.

Rio Vista Energy Partners L.P. (NASDAQ: RVEP | Quote | Chart | News | PowerRating) engages in the acquisition, development, and production of oil and natural gas properties. The company also involves in the transportation and terminalling services. In addition, it provides storage, transportation, and railcar transloading of bulk liquids, including chemical and petroleum products. Rio Vista GP LLC serves as the general partner of the company. Rio Vista Energy Partners was founded in 2003 and is headquartered in Houston, Texas. With 2.52 million shares outstanding and 400 shares declared short as of May 2008, there is a failure to deliver in shares of RVEP. According to quarterly data provided by the SEC, there were still 10,734 shares of RVEP that were failing-to-deliver as of August 7, 2007.

Spreadtrum Communications Inc. (NASDAQ: SPRD | Quote | Chart | News | PowerRating) a fabless semiconductor company, engages in the design, development, and marketing of baseband processor solutions for the wireless communications market primarily in the People's Republic of China. It offers a portfolio of baseband processor solutions that support a range of wireless communications standards, including global system for mobile communications (GSM), general packet radio service (GPRS), and time division-synchronous code division multiple access (TD-SCDMA), a 3G standard for wireless communications. The company's solutions also offer various multimedia capabilities, such as TV-out, MP3 digital audio playback, Motion JPEG, MPEG4 and H.264 digital video playback, and 64-channel polyphonic ringtone playback. It also offers turnkey solutions, which include devices that combine its baseband semiconductors and other third-party wireless handset components, such as transceivers and memory semiconductors, as well as bundled solutions. The company sells its products directly to brand manufacturers, IDHs, and original design manufacturers. Spreadtrum Communications, Inc. was founded in 2001 and is based in Shanghai, the People's Republic of China. With 43.16 million shares outstanding and 750,700 shares declared short as of May 2008, there is a failure to deliver in shares of SPRD. According to quarterly data provided by the SEC, there were still 13,892 shares of SPRD that were failing-to-deliver as of September 20, 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 on Citizens Banking Corp (CRBC) click here. Citizens Banking Corp (CRBC) has Short Term PowerRatings of 3. Details on Citizens Banking Corp (CRBC) Short Term PowerRatings is available at This Link.
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