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BUYINS.NET: CRBC, EFOI, ESMK, ICON, MELA, SPIR Have Also Been Removed From Naked Short List Today

Tue. July 08, 2008; Posted: 09:54 AM
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Jul 08, 2008 (M2 PRESSWIRE via COMTEX) -- SPIRE | 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: Citizens Republic Bancorp Inc. (NASDAQ: CRBC), Energy Focus Inc. (NASDAQ: EFOI), Esmark Inc. (NASDAQ: ESMK), Iconix Brand Group Inc. (NASDAQ: ICON), ElectroOptical Sciences Inc (NASDAQ: MELA), Spire Corp. (NASDAQ: SPIR). 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 no longer 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.

Energy Focus Inc. (NASDAQ: EFOI | Quote | Chart | News | PowerRating) designs, develops, manufactures, and markets fiber optic lighting systems for use in general commercial, and the pool and spa lighting markets. It also offers efficient fiber optics (EFO) lighting system, a lighting technology that delivers light at reduced energy consumption. EFO provides energy efficient downlighting, which is used for spot lighting, accent lighting, and display case lighting. The company's products consist of illuminators, fibers, fixtures, light bars, star kits, light saver dock light, tools and accessories, and light emitting diode products. Its products also include customized components, such as underwater lenses, color-changing electric pool lights, landscape lighting fixtures, and a line of lighted water features, including waterfalls and laminar-flow water fountains. The company serves various markets, including supermarkets, fast food restaurants, grocery chains, theme parks, casinos, hotels, and specialty installations. Energy Focus markets its products primarily through independent sales representatives, distributors, and swimming pool builders worldwide. The company was founded in 1985. It was formerly known as Fiberstars, Inc. and changed its name to Energy Focus, Inc. in 2007. The company is headquartered in Solon, Ohio. With 14.83 million shares outstanding and 889,500 shares declared short as of May 2008, there is no longer a failure to deliver in shares of EFOI. According to quarterly data provided by the SEC, there were still 40,910 shares of EFOI that were failing-to-deliver as of September 28, 2007.

Esmark Inc. (NASDAQ: ESMK | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the manufacture, processing, and sale of steel products. It operates in two segments, Downstream Operations and Mill Operations. The Downstream Operations segment processes and distributes flat-rolled steel products, including hot-rolled, cold-rolled, hot-dipped galvanized, electro-galvanized, and pre-painted steel products to customers in the construction, automotive, appliance, shelving, and agricultural markets in the Midwestern portion of the United States. The Mill Operations segment produces flat-rolled steel products, including hot-rolled, cold-rolled, galvanized, pre-painted, and tin mill sheet steel products. It also manufactures fabricated steel products, including roll-formed corrugated roofing, roof deck, form deck, floor deck, bridgeform, and other products. This segment sells its products to converters and processors, and steel service centers, as well as to customers in the construction, agriculture, highway, and container markets located in the United States. The company was founded in 2003 and is headquartered in Wheeling, West Virginia. With 39.51 million shares outstanding and 1.44 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of ESMK.

Iconix Brand Group Inc. (NASDAQ: ICON | Quote | Chart | News | PowerRating) owns, licenses, and markets a portfolio of consumer brands. Its brands include Candie's, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, and Starter. The company licenses these brands directly to a network of retailers and manufacturers, covering the retail distribution segment, which includes the luxury and mass markets in the United States and internationally. Iconix Brand Group's customers use its brands across a range of product categories, including apparel, fashion accessories, footwear, beauty and fragrance, and home products, and decor. The company, through its in-house advertising, promotion, and public relations agency, markets and supports its brands with advertising and promotional campaigns designed to increase brand awareness. Iconix Brand Group also arranges, as an agent, for the manufacture of footwear products for mass market and discount retailers under their private label brands, through its wholly owned subsidiary, Bright Star Footwear, Inc. Further, it has a 50% interest in a joint venture, Scion LLC, which owns a high end urban apparel brand, the Artful Dodger. The company was founded in 1978. It was formerly known as Candie's, Inc. and changed its name to Iconix Brand Group, Inc. in 2005. The company is based in New York, New York. With 57.65 million shares outstanding and 11.34 million shares declared short as of May 2008, there is no longer a failure to deliver in shares of ICON. According to quarterly data provided by the SEC, there were still 25,597 shares of ICON that were failing-to-deliver as of September 27, 2007.

ElectroOptical Sciences Inc (NASDAQ: MELA | Quote | Chart | News | PowerRating) a medical device company, engages in the design and development of a non invasive, hand-held imaging, and point-of-care instrument to assist in the early detection of melanoma in the United States and internationally. The company's principal product, MelaFind, features a hand-held imaging device that emits light of multiple wavelengths to capture images of suspicious pigmented skin lesions and extract data. The data is then analyzed through its proprietary database of melanomas and benign lesions to provide information to the physician and produce a recommendation of whether the lesion should be biopsied. It primarily serves general dermatologists, plastic surgeons, and primary care physicians. The company was founded in 1989 and is based in Irvington, New York. With 15.4 million shares outstanding and 159,400 shares declared short as of May 2008, there is no longer a failure to deliver in shares of MELA.

Spire Corp. (NASDAQ: SPIR | Quote | Chart | News | PowerRating) engages in the development, manufacture, and marketing of engineered products and services in the areas of PV solar, biomedical, and optoelectronics in the United States and internationally. The company offers specialized equipment for the production of terrestrial photovoltaic modules from solar cells. It also provides value-added surface treatments to manufacturers of orthopedic and other medical devices; develops and markets coated and uncoated hemodialysis catheters and related devices for the treatment of chronic kidney disease; and performs sponsored research programs into practical applications of advanced biomedical and biophotonic technologies. In addition, the company offers custom compound semiconductor foundry and fabrication services to customers involved in biomedical/biophotonic instruments, telecommunications, and defense applications. It also involves in compound semiconductor wafer growth, thin film and related device processing, and fabrication services. Further, Spire Corporation provides materials testing services, as well as offers services in support of sponsored research into practical applications of optoelectronic technologies. The company sells its products and services primarily through its independent sales representatives and distributors, as well as grants licenses to third parties to sell its products. Spire Corporation was founded in 1969 and is headquartered in Bedford, Massachusetts. With 8.32 million shares outstanding and 738,900 shares declared short as of May 2008, there is no longer a failure to deliver in shares of SPIR. According to quarterly data provided by the SEC, there were still 22,278 shares of SPIR that were failing-to-deliver as of September 28, 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 2,050,000,000 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 Republic Bancorp Inc (CRBC) click here. Citizens Republic Bancorp Inc (CRBC) has Short Term PowerRatings of 4. Details on Citizens Republic Bancorp Inc (CRBC) Short Term PowerRatings is available at This Link.

    


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