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BUYINS.NET: CSR, KNM, HRZB, ROIA, TRMA, CCCHF Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days

Fri. July 18, 2008; Posted: 10:21 AM
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Jul 18, 2008 (M2 PRESSWIRE via COMTEX) -- TRMA | 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: China Security & Surveillance Technology Inc. (NYSE: CSR), KONAMI Corp. (NYSE: KNM), Horizon Financial Corp. (NASDAQ: HRZB), Radio One Inc. (NASDAQ: ROIA), Trico Marine Services Inc. (NASDAQ: TRMA), China Cablecom Holdings Ltd. (OTCBB: CCCHF). 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.

China Security & Surveillance Technology Inc. (NYSE: CSR | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the manufacture, distribution, installation, and maintenance of security and surveillance systems, as well as in the development and integration of related software in the People's Republic of China. Its products include standalone digital video recorders (DVRs); embedded DVRs; mobile DVRs; digital cameras; and auxiliary apparatus, such as DVR compression cards, video capture cards, digital light processing monitors, decoders, alarm notification switches, digital video fiber optics systems, and matrix switch/control systems. The company sells its products to government entities; non-profit organizations; and commercial entities, such as airports, customs agencies, hotels, schools, highways, real estate developments, banks, mines, railways, supermarkets, and entertainment enterprises through its distribution network. China Security & Surveillance Technology is headquartered in Shenzhen, the People's Republic of China. With 42.86 million shares outstanding and 6.25 million shares declared short as of July 2008, the failure to deliver in shares of CSR has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 17,516 shares of CSR that were failing-to-deliver as of September 27, 2007.

KONAMI Corp. (NYSE: KNM | Quote | Chart | News | PowerRating) engages in the development, publishing, marketing, and distribution of video game software products worldwide. The company's Digital Entertainment segment comprises computer and video games, toy and hobby, amusement, online, and multimedia businesses. The computer and video games business develops, publishes, and distributes software for video game systems and personal computers. Its software consists of video games designed for use with video game platforms, including Sony PlayStation, PlayStation 2, PLAYSTATION 3, Nintendo Wii, Nintendo GameCube, Microsoft Xbox, Microsoft Xbox 360 console systems, Sony PlayStation Portable, Nintendo Game Boy Advance, and Nintendo DS handheld systems. The toy and hobby business produces, develops, designs, and sells toys and brand-related goods, including card games, figures, toys with confectionery capsule toys, game prizes for amusement arcade games, and other accessories. The amusement business produces and sells video game machines and token-operated game machines for amusement arcades. The online business develops, publishes, distributes, and sells software for home video game systems, personal computers, mobile phones, and online networks. The multimedia business includes the planning, production, and sale of music, videos, books, and magazines, as well as operates in the publishing, music, and video industries. Konami Corporation's Health and Fitness segment operates health and fitness clubs in Japan. It also designs, manufactures, and sells fitness machines and fitness-related products. The company's Gaming and System segment offers gaming machines, such as video and mechanical slot machines, and management systems to gaming operators. Konami Corporation was founded in 1969. It was formerly known as Konami Industries Co., Ltd. and changed its name to Konami Co., Ltd. in 1991. Further, the company changed its name to Konami Corporation in 2000. Konami Corporation is headquartered in Tokyo, Japan. With 137.31 million shares outstanding and 41,000 shares declared short as of July 2008, the failure to deliver in shares of KNM has not been resolved and a buy-in is imminent.

Horizon Financial Corp. (NASDAQ: HRZB | Quote | Chart | News | PowerRating) operates as the holding company for Horizon Bank that provides commercial banking services in Washington. The company primarily engages in generating deposits and originating loans. Its deposit products include regular passbook and statement savings, personal and business checking accounts, money market accounts, time deposits, and certificates of deposit. The company provides various loan products comprising loans secured by mortgages on one-to-four family residential and multi-family residential properties; construction and land development loans; commercial loans and commercial real estate loans; and consumer loans, including home equity loans, home equity lines of credit, loans secured by deposit accounts, unsecured loans, and loans for mobile homes located in mobile home parks, as well as loans secured by personal property, including automobiles, boats, and other vehicles. As of March 31, 2008, it operated 19 full-service offices, 4 commercial loan centers, and 4 real estate loan centers in Whatcom, Skagit, Snohomish, and Pierce counties of Washington State. The company was founded in 1922 and is based in Bellingham, Washington. With 11.9 million shares outstanding and 2.12 million shares declared short as of July 2008, the failure to deliver in shares of HRZB has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 18,667 shares of HRZB that were failing-to-deliver as of August 16, 2007.

Radio One Inc. (NASDAQ: ROIA | Quote | Chart | News | PowerRating) is one of the nation's largest radio broadcasting companies and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One, Inc. owns and/or operates 53 radio stations located in 16 urban markets in the United States. Additionally, Radio One owns Magazine One, Inc. (d/b/a Giant Magazine) (www.giantmag.com), interests in TV One, LLC (www.tvoneonline.com), a cable/satellite network programming primarily to African-Americans, Reach Media, Inc. (www.blackamericaweb.com), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner, and Community Connect Inc., an online social-networking company, which operates a number of branded websites, including BlackPlanet, MiGente and AsianAvenue. With 98.94 million shares outstanding and 544,700 shares declared short as of July 2008, the failure to deliver in shares of ROIA has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 12,470 shares of ROIA that were failing-to-deliver as of September 11, 2007.

Trico Marine Services Inc. (NASDAQ: TRMA | Quote | Chart | News | PowerRating) through its subsidiaries, provides marine support vessels to the offshore oil and gas industry. Its fleet of vessels provides a range of services to offshore oil and gas operators, including the transportation of drilling materials, supplies, and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment from one location to another; and support for the construction, installation, repair, and maintenance of offshore facilities. The company also provides support for deepwater remotely operated vehicles, well stimulation, sea floor cable laying, and trenching services. As of December 31, 2007, its fleet consisted of 64 vessels, including 10 large capacity platform supply vessels, 6 large anchor handling towing and supply vessels, 41 supply vessels, 6 crew boats, and 1 line handling utility vessel, as well as 8 multi-purpose service vessels under construction. The company has operations in the North Sea, west Africa, Mexico, Brazil, southeast Asia, and the U.S. Gulf of Mexico. Trico Marine Services, Inc. was founded in 1993 and is headquartered in Houston, Texas. With 15.5 million shares outstanding and 3.78 million shares declared short as of July 2008, the failure to deliver in shares of TRMA has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 12,867 shares of TRMA that were failing-to-deliver as of September 26, 2007.

China Cablecom Holdings Ltd. (OTCBB: CCCHF | Quote | Chart | News | PowerRating) is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog & digital cable services. China Cablecom recently entered into an agreement to acquire a 60 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 800,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs owned directly or indirectly by local branches of SARFT in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom operates 22 cable networks with over 1.2 million paying subscribers. China Cablecom Holdings' strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks it operates.

With 5.72 million shares outstanding and 17,200 shares declared short as of July 2008, the failure to deliver in shares of CCCHF 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 CCCHF click here.

    


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