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BUYINS.NET: NRF, ICXT, CBPC, SEWC, SINX, TCHH Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days

Fri. July 11, 2008; Posted: 10:04 AM
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Jul 11, 2008 (M2 PRESSWIRE via COMTEX) -- TCHH | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: NorthStar Realty Finance Corp. (NYSE: NRF), ICx Technologies Inc. (NASDAQ: ICXT), China Biopharma Inc. (OTCBB: CBPC), Sew Cal Logo Inc. (OTCBB: SEWC), Sionix Corporation (OTCBB: SINX), Trustcash Holdings Inc. (OTCBB: TCHH). 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.

Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

NorthStar Realty Finance Corp. (NYSE: NRF | Quote | Chart | News | PowerRating) operates as a real estate investment trust in the United States. It invests in real estate debt business, which acquires, originates, and structures debt investments secured primarily by income-producing real estate properties; real estate securities business that invests in commercial real estate debt securities, including commercial mortgage backed securities, REIT unsecured debt, and credit tenant loans; and net lease properties business, which acquires properties that are primarily net leased to corporate tenants. The company has elected to be taxed as a REIT and it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. NorthStar Realty Finance was founded in 1997 and is based in New York City. With 62.31 million shares outstanding and 16.63 million shares declared short as of May 2008, the failure to deliver in shares of NRF has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 57,465 shares of NRF that were failing-to-deliver as of September 28, 2007.

ICx Technologies Inc. (NASDAQ: ICXT | Quote | Chart | News | PowerRating) and its subsidiaries engage in the development and integration of sensor technologies for homeland security, force protection, and commercial applications. The company operates through three segments: Detection, Surveillance, and Solutions. The Detection segment develops products, and conducts research and development in the areas of chemical, biological, radiation, nuclear, and explosives detection. This segment offers Fido explosive detectors, IdentiFINDER and Interceptor radiation detectors, AirSentinel bioaerosol sensors, and Griffin gas chromatography/mass spectrometry line of products. The Surveillance segment provides products and services for perimeter security and wide area surveillance. Its products include Cerberus and SkyWatch towers; thermal imaging cameras, including DefendIR and Orion; STS line of radar products; and MarkIR, an infrared sensors product. The Solutions segment integrates the company's technologies and products to provide single source solutions that address various customer specific security and surveillance needs. This segment offers Cameleon camera control systems; Cameleon ITS transportation management software; StarWatch security command and control software; and Callisto, a non-security related product for process management of various supervisory control and data acquisition applications. The company serves federal agencies; various state and local governments and agencies; and private sector customers in the United States and internationally. It also offers products, components, and sub-systems to integrators in the security and defense industries. The company sells its products through direct sales force, sales representatives, value added resellers, and system integrators. ICx Technologies, Inc. was founded in 2003 and is headquartered in Arlington, Virginia. With 33.71 million shares outstanding and 808,900 shares declared short as of May 2008, the failure to deliver in shares of ICXT has not been resolved and a buy-in is imminent.

China Biopharma Inc. (OTCBB: CBPC | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the development and distribution of human vaccines and other pharmaceutical products in China. It has an agreement to distribute Serrapeptase tablets manufactured by Takeda Pharmaceutical Company, Ltd. The company has partnership with Soonfast Pharmaceutical Science & Technology Co., Ltd. to introduce an antiviral medicine for the treatment of human papilloma virus and herpes simplex virus. It also has a partnership agreement with HYTE Research LLC to develop and commercialize nano-poly enhancement technology for improving the effectiveness and reducing the side effects of human vaccines. China Biopharma distributes its products directly or indirectly to hospitals, clinics, pension fund health programs, and center for disease control and prevention. The company was founded in 1997 and is based in Hangzhou, China. With 159.38 million shares outstanding and 1.54 million shares declared short as of May 2008, the failure to deliver in shares of CBPC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 747,824 shares of CBPC that were failing-to-deliver as of September 28, 2007.

Sew Cal Logo Inc. (OTCBB: SEWC | Quote | Chart | News | PowerRating) produces and manufactures custom embroidered caps, sportswear, and related corporate identification apparel primarily in the United States. It offers caps and headwear, jackets, denim, cargo shorts, pants, and related apparel. The company also provides contract embroidery and silk-screening services to the manufacturing and promotional industry; and designs and manufactures apparel under private labels. In addition, it supplies wardrobe, as well as promotional and cast and crew items for feature films and television. Further, Sew Cal Logo owns the rights to a branded line of surf and sports wear items known as Pipeline Posse, which it sells primarily through the Internet. It sells its products to motion picture and television studios, retailers, local schools, shops, and small businesses. The company was founded in 1985 and is based in Los Angeles, California. With 44.18 million shares outstanding and 144,900 shares declared short as of May 2008, the failure to deliver in shares of SEWC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 16,548 shares of SEWC that were failing-to-deliver as of September 28, 2007.

Sionix Corporation (OTCBB: SINX | Quote | Chart | News | PowerRating) a development stage company, engages in design, development, and marketing of automatic water filtration systems primarily for small water districts. Its products include Dissolved Air Flotation used in water and wastewater treatment; and Sionix Elixir water treatment system, a self-contained water treatment system or pre-treatment process using ordinary air with minimal chemical flocculent aids. The company's systems are used in municipalities, industrial, emergency response, military, and small residential communities. Sionix Corporation was founded in 1985 and is headquartered in Irvine, California. With 107.12 million shares outstanding and 55,500 shares declared short as of May 2008, the failure to deliver in shares of SINX has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 101,972 shares of SINX that were failing-to-deliver as of September 28, 2007.

Trustcash Holdings Inc. (OTCBB: TCHH | Quote | Chart | News | PowerRating) is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 online through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser. With 77.7 million shares outstanding and 12,900 shares declared short as of May 2008, the failure to deliver in shares of TCHH has not been resolved and a buy-in is imminent.

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 CBPC click here.

    


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