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BUYINS.NET: HSWI, HWCC, IAAC, IDRA, INET, INWK Have Also Been Added To Naked Short List Today

Thu. July 10, 2008; Posted: 12:10 PM
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Jul 10, 2008 (M2 PRESSWIRE via COMTEX) -- INET | 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: HSW International Inc. (NASDAQ: HSWI), Houston Wire & Cable Company (NASDAQ: HWCC), International Assets Holding Corp. (NASDAQ: IAAC), Idera Pharmaceuticals Inc. (NASDAQ: IDRA), Internet Brands Inc. (NASDAQ: INET), InnerWorkings Inc. (NASDAQ: INWK). 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.

HSW International Inc. (NASDAQ: HSWI | Quote | Chart | News | PowerRating) an online publishing company, develops and operates Internet businesses that are focused on providing consumers with digital content database. It primarily focuses on the online publishing of localized and translated Chinese and Brazilian editions of the HSW Internet site. The company operates a Brazilian Internet Web site, hsw.uol.com.br, which has approximately 3,500 articles, including articles from the HSW content database translated from English to Portuguese, and originally created content in Portuguese. In addition, it plans to offer a library of digital content, including originally authored content and the content acquired from third parties for the company's use and for licensing to various customers. The company was founded in 2006 and is headquartered in Atlanta, Georgia. With 53.57 million shares outstanding and 1.68 million shares declared short as of May 2008, there is a failure to deliver in shares of HSWI.

Houston Wire & Cable Company (NASDAQ: HWCC | Quote | Chart | News | PowerRating) through its subsidiaries, distributes specialty wire and cable products in the United States. It offers continuous and interlocked armor cables, control and power cables, electronic wire and cables, flexible and portable cords, instrumentation and thermocouple cables, lead and high temperature cables, medium voltage cables, and premise and category wire and cables. The company also provides private branded products, which include LifeGuard, DataGuard, and Houwire cables. It serves communications, energy, engineering and construction, general manufacturing, infrastructure, petrochemical, transportation, utility and wastewater treatment industries. Houston Wire & Cable Company was founded in 1975 and is headquartered in Houston, Texas. With 17.79 million shares outstanding and 2.93 million shares declared short as of May 2008, there is a failure to deliver in shares of HWCC. According to quarterly data provided by the SEC, there were still 23,668 shares of HWCC that were failing-to-deliver as of September 27, 2007.

International Assets Holding Corp. (NASDAQ: IAAC | Quote | Chart | News | PowerRating) through its subsidiaries, provides various financial services to investment banks, commercial banks, brokers, institutional investors, corporations, charities, and governmental organizations worldwide. Its International Equities Market-Making segment acts as a wholesale market maker in select foreign securities, including unlisted American depository receipts and foreign ordinary shares. It also provides execution services and liquidity to national broker-dealers, regional broker-dealers, and institutional investors. The company's International Debt Capital Markets segment trades various international debt instruments, such as investment grade and emerging market bonds that trade on an over-the-counter basis. It also arranges, structures, and distributes international debt transactions, which include bond issues, syndicated loans, and asset-backed securitizations, as well as forms of other negotiable debt instruments for issuers located primarily in emerging markets. International Assets Holding's Foreign Exchange Trading segment trades illiquid currencies of developing countries; executes trades based on the foreign currency flows; and acts as a principal in buying and selling foreign currencies on a spot basis. Its customers include financial institutions, multi-national corporations, and governmental and charitable organizations operating in developing countries. The company's Commodities Trading segment provides a range of trading and hedging capabilities to select producers, consumers, recyclers, and investors in precious metals and certain base metals. Its Asset Management segment manages third party assets and investment gains or losses on the company's investments in registered funds or proprietary accounts managed either by the company's investment managers or by independent investment managers. The company was founded in 1987 and is based in Altamonte Springs With 8.4 million shares outstanding and 159,300 shares declared short as of May 2008, there is a failure to deliver in shares of IAAC. According to quarterly data provided by the SEC, there were still 24,683 shares of IAAC that were failing-to-deliver as of September 19, 2007.

Idera Pharmaceuticals Inc. (NASDAQ: IDRA | Quote | Chart | News | PowerRating) a biotechnology company, engages in the discovery and development of DNA- and RNA-based compounds for the treatment of infectious diseases, autoimmune diseases, cancer, and asthma and allergies and for use as vaccine adjuvants. The company designs and creates proprietary Toll-Like Receptors (TLR) to modulate immune responses, including TLR agonist, a compound that stimulates an immune response through the targeted TLR; and TLR antagonist, a compound that blocks activation of an immune response through the targeted TLR. Its drug candidates include IMO-2125, a TLR9 agonist, which is in Phase 1 clinical trial for infectious diseases, including hepatitis C virus infection. The company's infectious disease program also includes evaluation of RNA-based compounds that act as agonists of TLR7 and TLR8, which are stabilized immune modulatory RNA (SIMRA) compounds. Idera Pharmaceuticals has also identified DNA-based compounds that act as antagonists of TLR7 and TLR9 for the treatment of autoimmune diseases, such as lupus and rheumatoid arthritis. Its cancer treatment research program is focused on SIMRA agonists of TLR7 and TLR8. The company has a license agreement with Merck KGaA to research, develop, and commercialize products containing its TLR9 agonists, including IMO-2055 and IMO-2125 for the treatment of cancer, excluding cancer vaccines; a license and research collaboration agreement with Merck & Co., Inc. to research, develop, and commercialize vaccine products containing its TLR7, 8, and 9 agonists in the fields of cancer, infectious diseases, and Alzheimer's disease; and a research collaboration and option agreement, as well as a separate license, development, and commercialization agreement with Novartis International Pharmaceutical, Ltd. to discover, develop, and commercialize TLR9 agonists for the treatment of asthma and allergies. Idera Pharmaceuticals was founded in 1989 and is based in Cambridge, Massachusetts. With 22.39 million shares outstanding and 1.09 million shares declared short as of May 2008, there is a failure to deliver in shares of IDRA.

Internet Brands Inc. (NASDAQ: INET | Quote | Chart | News | PowerRating) an Internet media company, engages in building, acquiring, and enhancing branded Web sites in categories marked by consumer involvement, advertising spending, and fragmentation in offline sources of consumer information. The company, through its network of Web sites, provides consumer information relating to automotive, travel and leisure, and home-related sectors. Its network includes an automotive e-commerce Web site, CarsDirect.com; a network of online automotive enthusiast communities; Web sites in the travel and leisure category comprising Wikitravel.org and FlyerTalk.com; and home related Web sites, including ApartmentRatings.com and DoItYourself.com. The company also licenses its content and Internet technology products and services to companies and individual Web site owners worldwide. In addition, Internet Brands, Inc. offers various services directly to consumers, such as new car brokering. The company was founded in 1998 and is headquartered in El Segundo, California. With 40.7 million shares outstanding and 1.02 million shares declared short as of May 2008, there is a failure to deliver in shares of INET.

InnerWorkings Inc. (NASDAQ: INWK | Quote | Chart | News | PowerRating) provides managed print and promotional procurement solutions to corporate clients in the United States. It also procures, manages, and delivers printed products. The company's proprietary software applications and database, PPM4, create an integrated solution that stores, analyzes, and tracks the production of supplier network, as well as quotes and prices data for print jobs. The company offers its services for direct mail pieces, books, brochures, catalogues, point-of-purchase, displays, magazines, packaging, CDS/DVDS, promotional products, annual reports, envelopes, labels, calendars, folders, posters, newsletters, billboards, playing cards, binders, t-shirts, games, stationeries, postcards, stickers, bags, magnets, warehousing, and pick and pack. It offers fulfillment and logistics services, such as kitting and assembly, inventory management, and pre-sorting postage. The company, through its subsidiaries, provides print management services; and apparel, and warehousing and fulfillment services, as well as distributes promotional products and corporate specialty items. InnerWorkings, Inc. was founded in 2001 and is headquartered in Chicago, Illinois with additional offices in New York, New Jersey, California, Hawaii, Michigan, Missouri, Minnesota, Texas, and Pennsylvania. With 48.48 million shares outstanding and 11.59 million shares declared short as of May 2008, there is a failure to deliver in shares of INWK. According to quarterly data provided by the SEC, there were still 32,312 shares of INWK that were failing-to-deliver as of September 25, 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 Houston Wire & Cable Company (HWCC) click here. Houston Wire & Cable Company (HWCC) has Short Term PowerRatings of 6. Details on Houston Wire & Cable Company (HWCC) Short Term PowerRatings is available at This Link.

    


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