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BUYINS.NET: GGC, NWK, PAL, BUSE, EMKR, RBPAA Have Been Removed From Naked Short List Today

Mon. June 30, 2008; Posted: 10:11 AM
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Jun 30, 2008 (M2 PRESSWIRE via COMTEX) -- RBPAA | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Georgia Gulf Corp. (NYSE: GGC), Network Equipment Technologies Inc. (NYSE: NWK), North American Palladium Ltd (AMEX: PAL), First Busey Corp. (NASDAQ: BUSE), EMCORE Corp. (NASDAQ: EMKR), Royal Bancshares of Pennsylvania Inc. (NASDAQ: RBPAA). 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.

Georgia Gulf Corp. (NYSE: GGC | Quote | Chart | News | PowerRating) manufactures and markets chlorovinyls and aromatics chemicals, and vinyl-based building and home improvement products in the United States and internationally. The company's chlorovinyls product line includes chlorine, caustic soda, EDC, vinyl chloride monomer, and vinyl resins and compounds. It also offers window and door profiles and moldings products, which consist of extruded vinyl window profiles, such as frames, sashes, trim, and other components; and vinyl patio door components and fabricated patio doors, which are sold primarily to window and door fabricators. The company also manufactures and markets extruded decorative moldings and millwork. In addition, the company provides outdoor building products, such as siding, pipe and pipe fittings, deck, fence and rail, and outdoor storage buildings and fabricated aluminum products. Georgia Gulf Corporation's aromatics product line comprises cumene, and the co-products phenol and acetone. It markets its vinyl-based building and home improvement products under the Royal Group brands. The company was founded in 1984 and is based in Atlanta, Georgia. With 34.48 million shares outstanding and 11.05 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of GGC. According to quarterly data provided by the SEC, there were still 185,052 shares of GGC that were failing-to-deliver as of September 28, 2007.

Network Equipment Technologies Inc. (NYSE: NWK | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the design, development, manufacture, and sale of voice and data telecommunications equipment for multi-service networks and associated services that are used by government organizations, enterprises, and carriers worldwide. The company's Promina family of multi-service access platforms integrate voice, data, image, and video traffic across a single network infrastructure; and provide support for various communications applications and traffic types, including asynchronous transfer mode, frame relay, Internet protocol (IP), and integrated services digital network signaling. Its NX Series comprises NX1000, which is a multi-service wide area networking switch in a compact form factor; and the NX5010 high-speed switch that provides data transfer and enables secure interconnection and extension of geographically distributed grid computing clusters and storage area networks. The company's VX Series offers enterprise customers a voice-over-IP solution that interoperates with existing private branch exchange (PBX) and IP-PBX systems, as well as offers government customers an IP-based secure voice solution. Its service offerings include installation and other professional services; hardware and software maintenance programs, parts repair, remote and onsite technical assistance, and customer training. The company serves government customers, which include various federal and international agencies and organizations, including civilian and defense agencies, and resellers to such entities; and enterprise customers in various sectors, such as financial services, manufacturing, transportation, and retail. It sells products and services through direct and indirect sales channels, including large government systems integrators. The company was founded in 1983 and is headquartered in Fremont, California. With 29.38 million shares outstanding and 4.27 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of NWK. According to quarterly data provided by the SEC, there were still 10,600 shares of NWK that were failing-to-deliver as of September 19, 2007.

North American Palladium Ltd (AMEX: PAL | Quote | Chart | News | PowerRating) engages in exploring and mining platinum group metals, and base and precious metals primarily in Canada. It produces and sells palladium, platinum, nickel, gold, and copper metals. The company primarily owns and operates the Lac des Iles mine located in the Thunder Bay District in Ontario. North American Palladium, Ltd. also holds interests in various base metal exploration projects located in Canada, as well as in the Arctic Platinum PGM-nickel copper exploration project located approximately 60 kilometers south of the city of Rovaniemi, Finland. It also owns interest in the Shebandowan project located approximately 100 kilometers southwest of the Lac des Iles mine. The company was founded in 1968. It was formerly known as Madeleine Mines, Ltd. and changed its name to North American Palladium, Ltd. in 1993. The company is headquartered in Toronto, Canada. With 75.77 million shares outstanding and 4.48 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of PAL. According to quarterly data provided by the SEC, there were still 17,157 shares of PAL that were failing-to-deliver as of September 28, 2007.

First Busey Corp. (NASDAQ: BUSE | Quote | Chart | News | PowerRating) operates as a bank holding company for Busey Bank and Busey Bank, National Association that provide various retail and commercial banking services to individual, corporate, institutional, and governmental customers in the United States. It accepts demand and savings deposits; and originates individual, consumer, installment, first mortgage, and second mortgage loans, as well as provides money transfers, safe deposit services, IRA, Keogh and other fiduciary services, automated banking, and automated fund transfers. The company offers a range of banking services, including commercial, financial, agricultural, and real estate loans. It also provides various trust and investment management services, including estate and financial planning, tax preparation, custody services, philanthropic advisory services, brokerage services, and investment advice. As of December 31, 2007, First Busey Corporation operated through 45 locations in Illinois; Indianapolis, Indiana; and Florida. The company was founded in 1868 and is headquartered in Urbana, Illinois. With 35.87 million shares outstanding and 3.06 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of BUSE. According to quarterly data provided by the SEC, there were still 74,442 shares of BUSE that were failing-to-deliver as of September 28, 2007.

EMCORE Corp. (NASDAQ: EMKR | Quote | Chart | News | PowerRating) provides compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets. The company's Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over fiber optic cables for high-speed data and telecommunications, cable television, and fiber-to-the-premises networks. EMCORE Corporation's Solar Power segment provides solar products for satellite applications, including compound semiconductor-based gallium arsenide solar cells, covered interconnect cells, and integrated solar panels; and terrestrial applications, such as concentrating photovoltaic systems (CPV) for utility scale solar applications, gallium arsenide solar cells, and CPV components for use in solar power concentrator systems. The company sells its products worldwide through direct sales force, external sales representatives, distributors, and application engineers. EMCORE Corporation was founded in 1984 and is headquartered in Albuquerque, New Mexico. With 73.27 million shares outstanding and 23.18 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of EMKR. According to quarterly data provided by the SEC, there were still 113,246 shares of EMKR that were failing-to-deliver as of September 28, 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 no longer 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.

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 Emcore Corporation (EMKR) click here. Emcore Corporation (EMKR) has Short Term PowerRatings of 4. Details on Emcore Corporation (EMKR) Short Term PowerRatings is available at This Link.

    


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