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BUYINS.NET: NVAX, NVEC, OESX, ORBC, PCBK, PEIX Have Also Been Added To Naked Short List Today

Thu. July 10, 2008; Posted: 12:17 PM
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Jul 10, 2008 (M2 PRESSWIRE via COMTEX) -- PEIX | 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: Novavax Inc. (NASDAQ: NVAX), NVE Corp. (NASDAQ: NVEC), Orion Energy Systems Inc. (NASDAQ: OESX), ORBCOMM Inc. (NASDAQ: ORBC), Pacific Continental Corp. (NASDAQ: PCBK), Pacific Ethanol Inc. (NASDAQ: PEIX). 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.

Novavax Inc. (NASDAQ: NVAX | Quote | Chart | News | PowerRating) a biopharmaceutical company, focuses on developing vaccines using its virus-like particle technology for infectious diseases. It develops vaccines for pandemic influenza, seasonal influenza, Varicella Zoster, and other disease targets. The company was founded in 1987 and is headquartered in Rockville, Maryland. With 61.96 million shares outstanding and 2.35 million shares declared short as of May 2008, there is a failure to deliver in shares of NVAX. According to quarterly data provided by the SEC, there were still 46,872 shares of NVAX that were failing-to-deliver as of September 28, 2007.

NVE Corp. (NASDAQ: NVEC | Quote | Chart | News | PowerRating) engages in the development and sale of devices, which use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. It provides standard sensors that detect the presence of a magnet or metal to determine position or speed; and custom sensors primarily for medical devices, as well as couplers, including IsoLoop 700 Series that use semiconductor input stages, and IsoLoop 600 Series, which use spintronic input stages, primarily for factory and industrial networks. The company also licenses the spintronic magnetoresistive random access memory technology. It sells its products through distributors primarily in the United States, Europe, and Asia. The company was founded in 1982 and is headquartered in Eden Prairie, Minnesota. With 4.64 million shares outstanding and 379,300 shares declared short as of May 2008, there is a failure to deliver in shares of NVEC. According to quarterly data provided by the SEC, there were still 13,402 shares of NVEC that were failing-to-deliver as of September 28, 2007.

Orion Energy Systems Inc. (NASDAQ: OESX | Quote | Chart | News | PowerRating) designs, manufactures, markets, and implements energy management systems primarily energy efficient lighting systems, controls, and related services. The company offers Compact Modular, a high intensity fluorescent (HIF) lighting system, which operates at lower temperatures than high intensity discharge fixtures and other legacy lighting fixtures in commercial and industrial facilities. Its Compact Modular product line also includes modular power pack, which enables to customize the customers' lighting systems to achieve their specified lighting and energy savings goals. The company's products also comprise intelite motion control and ambient light sensors, which turn individual fixtures on and off based on user-defined parameters regarding motion and/or light levels in a given area; Apollo Light Pipe, a lens-based device that collects and focuses renewable daylight; and wireless control devices, which allows users to remotely communicate with and give commands to individual light fixtures through Web-based software. In addition, it offers various other HIF fixtures to address lighting and energy management needs, including fixtures designed for agribusinesses and private label resale. Further, the company provides energy management services, including site assessment, site field verification, utility incentive and government subsidy management, engineering design, project management, installation services, and recycling in connection with its retrofit installations. It primarily sells its products directly to commercial and industrial customers; and indirectly through their electrical contractors or distributors. Orion Energy Systems, Inc. was founded in 1996 and is headquartered in Plymouth, Wisconsin. With 26.94 million shares outstanding and 3.05 million shares declared short as of May 2008, there is a failure to deliver in shares of OESX.

ORBCOMM Inc. (NASDAQ: ORBC | Quote | Chart | News | PowerRating) a satellite-based data communication company, operates a two-way wireless data messaging system optimized for narrowband data communication worldwide. The company's system consists of a network of 29 low-Earth orbit, satellites, and accompanying ground infrastructure. Its two-way communications system enables its customers and end-users to track, monitor, control, and communicate with fixed and mobile assets located worldwide. The company offers satellite-based data communications services, as well as terrestrial-based cellular communication services. Its communications services are used by businesses and government agencies that are engaged in tracking, monitoring, controlling, and communicating with fixed or mobile assets. The assets that are connected through the company's data communications system include trucks, trailers, railcars, containers, heavy equipment, fluid tanks, utility meters, pipeline monitoring equipment, marine vessels, and oil wells. The company markets and sells its products and services directly to original equipment manufacturers and government customers; and indirectly through value-added resellers (VARS), international VARs and licensees, and country representatives in the commercial transportation, heavy equipment, fixed asset monitoring, marine vessels, and government and homeland security markets. As of December 31, 2007, it had approximately 351,000 billable subscriber communicators activated on its system. The company was founded in 2001 and is headquartered in Fort Lee, New Jersey. With 41.93 million shares outstanding and 9.12 million shares declared short as of May 2008, there is a failure to deliver in shares of ORBC. According to quarterly data provided by the SEC, there were still 56,906 shares of ORBC that were failing-to-deliver as of September 28, 2007.

Pacific Continental Corp. (NASDAQ: PCBK | Quote | Chart | News | PowerRating) operates as the holding company for Pacific Continental Bank, which provides commercial banking services primarily in Oregon and Washington. The company offers a range of banking and related services to community-based business, not-for-profits, and professional service providers; and private banking services for business owners and executives. It offers various deposit services, including checking, savings, money market accounts, and time deposits. The company's portfolio of loan products includes secured and unsecured commercial loans for general operating purposes, acquisition of fixed assets, purchases of equipment and machinery, financing of inventory and accounts receivable, and other business purposes; small business administration loans; and permanent and construction loan finance products for commercial facilities and for pre-sold, custom, and speculative home construction. Its loan portfolio also comprises residential mortgage loans; and secured and unsecured loans to individuals for various purposes, such as purchases of automobiles, mobile homes, boats, and other recreational vehicles, as well as for home improvements, education, and personal investment. In addition, the company offers credit card, merchant bankcard, merchant card, on-line banking, safe deposit, debit and ATM card, ACH transaction, savings bond, cashier's check, travelers' checks, and notary services, as well as cash management products for businesses. It operates in Portland, Oregon/Southwest Washington; Seattle, Washington; and Eugene, Oregon. As of December 31, 2007, the company operated 14 full-service offices in 6 Oregon and 3 Washington cities. Pacific Continental Corporation was founded in 1972 and is headquartered in Eugene, Oregon. With 11.96 million shares outstanding and 14,900 shares declared short as of May 2008, there is a failure to deliver in shares of PCBK.

Pacific Ethanol Inc. (NASDAQ: PEIX | Quote | Chart | News | PowerRating) produces and sells ethanol and its co-products in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, and Idaho. It also provides transportation, storage, and delivery of ethanol through third-party service providers. Its co-products include wet distillers grains. The Company sells ethanol to gasoline refining and distribution companies, and wet distillers grains to dairy operators and animal feed distributors. Pacific Ethanol was founded in 2003 and is headquartered in Sacramento, California. With 44.13 million shares outstanding and 5.69 million shares declared short as of May 2008, there is a failure to deliver in shares of PEIX. According to quarterly data provided by the SEC, there were still 397,243 shares of PEIX 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 for NVAX click here.

    


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