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BUYINS.NET: CDZI, CLDA, CPLP, HIBB, INWK, MCBC Have Also Been Removed From Naked Short List Today

Tue. July 22, 2008; Posted: 09:37 AM
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Jul 22, 2008 (M2 PRESSWIRE via COMTEX) -- MCBC | 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: CADIZ Inc. (NASDAQ: CDZI), Clinical Data Inc. (NASDAQ: CLDA), Capital Product Partners L.P. Common Units (NASDAQ: CPLP), Hibbett Sports Inc. (NASDAQ: HIBB), InnerWorkings Inc. (NASDAQ: INWK), Macatawa Bank Corp. (NASDAQ: MCBC). 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.

CADIZ Inc. (NASDAQ: CDZI | Quote | Chart | News | PowerRating) a land and water resource development company, engages in the acquisition and development of land and water resources. As of December 31, 2007, the company owned approximately 35,000 acres of land and related groundwater resources in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 9,000 acres in the Piute Valley of eastern San Bernardino County. Its properties are underlain by groundwater resources with demonstrated potential for recreational, residential, and water resource development. Cadiz also developed 1,600 acres of its Cadiz Valley landholding for agriculture, as well as involved in farming 960 acres of grape vineyards and lemon groves on the property. The company was founded in 1983 and is based in Los Angeles, California. With 11.96 million shares outstanding and 884,100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of CDZI. According to quarterly data provided by the SEC, there were still 10,625 shares of CDZI that were failing-to-deliver as of September 28, 2007.

Clinical Data Inc. (NASDAQ: CLDA | Quote | Chart | News | PowerRating) provides molecular and pharmacogenomics services, as well as clinical diagnostics for the improvement of patient care North America, Europe, and internationally. The company has two segments, PGxHealth and Cogenics. The PGxHealth segment focuses on the development and commercialization of targeted therapeutics and predictive tests from its portfolio of proprietary genetic biomarkers to improve the efficacy and safety of drugs in individuals, as well as to aid in the diagnosis and management of complex clinical conditions. It also seeks to develop and commercialize vilazodone, a dual-serotonergic drug candidate for the treatment of depression along with a potential companion pharmacogenetic test. This segment's predictive tests are marketed to healthcare providers, third-party payers, and available through prescription. The Cogenics segment offers genomic solutions to the healthcare and life sciences industries. It offers set of services, including know-how and informatics capabilities that enable customers to identify genes and genetic variation, and to understand gene expression and function in humans, animals, plants, and lower organisms. This segment's solutions include sequencing, gene expression, genotyping, biomanufacturing support, extraction, biobanking, and sample management that are offered on various platforms and are conducted in regulated and unregulated environments. The company was founded in 1969 and is headquartered in Newton, Massachusetts. With 21.14 million shares outstanding and 832,700 shares declared short as of July 2008, there is no longer a failure to deliver in shares of CLDA. According to quarterly data provided by the SEC, there were still 131,368 shares of CLDA that were failing-to-deliver as of September 25, 2007.

Capital Product Partners L.P. Common Units (NASDAQ: CPLP | Quote | Chart | News | PowerRating) owns double-hull medium-range product tankers worldwide. The company provides marine transportation services under medium to long-term time charters or bareboat charters. As of December 31, 2007, its fleet consisted of 15 double-hull tankers, including the Ice Class 1A medium range product tanker fleet. These vessels are capable of carrying crude and refined oil products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, such as ethanol. Capital GP L.L.C. serves as a general partner of the partnership. The company was founded in 2003 and is headquartered in Piraeus, Greece. With 22.43 million shares outstanding and 29,900 shares declared short as of July 2008, there is no longer a failure to deliver in shares of CPLP. According to quarterly data provided by the SEC, there were still 16,807 shares of CPLP that were failing-to-deliver as of August 31, 2007.

Hibbett Sports Inc. (NASDAQ: HIBB | Quote | Chart | News | PowerRating) operates sporting goods retail stores in small to mid-sized markets primarily in the Sunbelt, Mid-Atlantic, and Midwest regions of the United States. Its stores offer footwear, athletic equipment, and apparel for school, athletic, and youth programs to educational institutions and youth associations. As of February 2, 2008, it operated 666 Hibbett Sports stores, 18 smaller-format Sports Additions athletic shoe stores, and 4 larger-format Sports & Co. superstores in 23 states. The company was founded as Dixie Supply Company in 1945 and changed its name to Hibbett Sporting Goods, Inc. in 1996. Later, it changed its name to Hibbett Sports, Inc. in 2007. The company is headquartered in Birmingham, Alabama. With 28.45 million shares outstanding and 6.84 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of HIBB. According to quarterly data provided by the SEC, there were still 88,694 shares of HIBB that were failing-to-deliver as of August 17, 2007.

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 11.93 million shares declared short as of July 2008, there is no longer 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.

Macatawa Bank Corp. (NASDAQ: MCBC | Quote | Chart | News | PowerRating) operates as the holding company for Macatawa Bank, which provides various commercial and personal banking services. Its deposit products include checking accounts, savings accounts, NOW accounts, time deposits, money market savings accounts, certificates of deposit, and interest and noninterest bearing demand accounts. The company's loan portfolio comprises residential real estate, multifamily and commercial real estate, construction and development, and commercial business loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. It also offers cash management, safe deposit boxes, traveler's checks, money orders, trust services, automated teller machines, Internet and telephone banking, and debit cards. In addition, Macatawa Bank provides personal trust services, including financial planning, investment management, trust and estate administration, and custodial services; and retirement plan services, including provision of various qualified retirement plans, such as profit sharing, 401(k)s, and pension plans. Further, the company offers brokerage services, including discount brokerage, personal financial planning, and consultation regarding mutual funds. As of December 31, 2007, it operated 26 branch offices, and a lending and operational service facility in Kent County, Ottawa County, and northern Allegan County, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan. With 17.02 million shares outstanding and 2.06 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of MCBC. According to quarterly data provided by the SEC, there were still 62,136 shares of MCBC that were failing-to-deliver as of September 27, 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 CDZI click here.

    


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