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BUYINS.NET: GBCI, INET, RHIE, SHBI, SMTS, STBC Have Also Been Removed From Naked Short List Today

Fri. July 18, 2008; Posted: 03:48 AM
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Jul 18, 2008 (M2 PRESSWIRE via COMTEX) -- STB | 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: Glacier Bancorp Inc. (NASDAQ: GBCI), Internet Brands Inc. (NASDAQ: INET), RHI Entertainment Inc. (NASDAQ: RHIE), Shore Bancshares Inc (NASDAQ: SHBI), Somanetics Corp. (NASDAQ: SMTS), State Bancorp Inc. (NASDAQ: STBC). 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.

Glacier Bancorp Inc. (NASDAQ: GBCI | Quote | Chart | News | PowerRating) a multi-bank holding company, provides commercial banking services in Montana, Idaho, Wyoming, Utah, and Washington. The company offers deposit accounts, including regular statement savings, interest-bearing checking, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, non-interest demand accounts, and individual retirement accounts. It also provides construction and permanent loans on residential and commercial real estate; residential mortgage loans; commercial real estate loans; and consumer loans secured by real estate, automobiles, and other assets, as well as second mortgage and home equity loans. In addition, the company offers mortgage origination services and retail brokerage services. It serves individuals, small to medium-sized businesses, community organizations, and public entities. As of December 31, 2007, it operated 94 banking offices. Glacier Bancorp was founded in 1955 and is headquartered in Kalispell, Montana. With 53.95 million shares outstanding and 9.53 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of GBCI. According to quarterly data provided by the SEC, there were still 59,791 shares of GBCI that were failing-to-deliver as of September 27, 2007.

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 1.08 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of INET.

RHI Entertainment Inc. (NASDAQ: RHIE | Quote | Chart | News | PowerRating) develops, produces, and distributes new made-for-television movies, mini-series, and other television programming worldwide. It also produces new episodic series programming for television. In addition, the company owns a library of existing long-form television content, which it licenses primarily to broadcast and cable networks. It holds rights to approximately 1,000 titles or approximately 3,500 broadcast hours of long-form television programming. The company's made-for-television movie franchise focuses on the production of films with dramatic, suspenseful, and action/thriller storylines. RHI Entertainment is headquartered in New York, New York. With 12.5 million shares outstanding and 190,500 shares declared short as of July 2008, there is no longer a failure to deliver in shares of RHIE.

Shore Bancshares Inc (NASDAQ: SHBI | Quote | Chart | News | PowerRating) operates as the holding company for The Centreville National Bank of Maryland; The Talbot Bank of Easton, Maryland; and The Felton Bank, which provide various commercial and consumer banking products and services in Maryland and Delaware. The company offers various deposit products, including checking, savings, money market accounts, regular and IRA certificates of deposit, and Christmas savings accounts. Its loan portfolio includes mortgage, home equity, automobile, marine, and installment loans, as well as other secured and unsecured personal lines of credit, commercial mortgages, real estate development loans, and equipment and operating loans, as well as secured and unsecured lines of credit, credit cards, accounts receivable financing arrangements, and merchant card services. In addition, the company offers merchant credit card clearing services; direct deposit of payroll, Internet banking, and telephone banking services; safe deposit boxes; debit cards; and automatic teller machine (ATMs) services. Further, it provides nondeposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. The company also insurance products and services, such as property and casualty, life, marine, individual health, and long term care insurance. As of December 31, 2007, it operated 17 full service branches and 21 ATMs in Kent, Queen Anne's, Talbot, Caroline, Talbot, and Dorchester in Maryland, as well as in Kent County, Delaware. The company was founded in 1876 and is based in Easton, Maryland. With 8.4 million shares outstanding and 58,500 shares declared short as of July 2008, there is no longer a failure to deliver in shares of SHBI.

Somanetics Corp. (NASDAQ: SMTS | Quote | Chart | News | PowerRating) engages in the development, manufacture, and marketing of medical devices primarily in the United States. It primarily offers INVOS System, a non-invasive patient monitoring system that provides continuous information about changes in blood oxygen saturation levels in patients with or at risk for restricted blood flow. The company's INVOS System has applications in various market segments, including cardiac and carotid artery surgery, pediatric and neonatal ICU, and diabetic patient surgeries. It also develops and markets the CorRestore system for use in cardiac repair and reconstruction, including heart surgeries called surgical ventricular restoration. Somanetics Corporation markets its medical devices directly and through independent sales representative firms in the United States, as well as through independent distributors in Europe, Canada, Africa, the Middle East, South Africa, and Japan. The company was founded in 1982 and is headquartered in Troy, Michigan. With 12.1 million shares outstanding and 1.33 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of SMTS. According to quarterly data provided by the SEC, there were still 10,592 shares of SMTS that were failing-to-deliver as of September 25, 2007.

State Bancorp Inc. (NASDAQ: STBC | Quote | Chart | News | PowerRating) operates as the holding company for State Bank of Long Island, which conducts general banking business focusing on the small to mid-sized business, municipal, and consumer markets in Long Island and New York City. The company's deposit products include interest-bearing and non-interest-bearing demand deposits, checking accounts, savings accounts, NOW accounts, money market accounts, time deposits, certificates of deposit, and individual retirement accounts. It offers commercial loans, construction loans, home equity loans, commercial mortgage loans, consumer loans, small business lines of credit, and residential loans. In addition, the company provides equipment leases, cash management services, telephone and online banking services, safe deposit services, merchant credit card services, and access to annuity products and mutual funds, as well as offers consumer debit cards with membership in a national ATM network, and a range of wealth management and financial planning services. As of December 31, 2007, it operated 16 branches, including 8 in Nassau county, 5 in Suffolk county, and 3 in Queens county; and a lending center in Jericho, New York. The company was founded in 1966 and is headquartered in Jericho, New York. With 14.31 million shares outstanding and 90,700 shares declared short as of July 2008, there is no longer a failure to deliver in shares of STBC.

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 Glacier Bancorp Inc (GBCI) click here. Glacier Bancorp Inc (GBCI) has Short Term PowerRatings of 6. Details on Glacier Bancorp Inc (GBCI) Short Term PowerRatings is available at This Link.

    


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