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BUYINS.NET: FLIP, BDRR, MCEL, ATLKY, HKFIQ, VLGAY Have Also Been Removed From Naked Short List Today

Mon. July 28, 2008; Posted: 09:48 AM
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Jul 28, 2008 (M2 PRESSWIRE via COMTEX) -- VLGAY | 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: FTS Group Inc. (OTCBB: FLIP), Bederra Corporation (OTC: BDRR), Millennium Cell Inc. (OTC: MCEL), Atlas Copco AB (OTC: ATLKY), Hancock Fabrics Inc. (OTC: HKFIQ), VolgaTelecom (OTC: VLGAY). 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.

FTS Group Inc. (OTCBB: FLIP | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the distribution of next generation wireless communications and entertainment products and services for businesses and consumers in the United States. The company operates as a regional service provider and retail distributor of satellite television systems and services for DISH Networks. It installs satellite television systems sold by DISH networks, as well as markets, sells, and installs satellite systems for DISH Networks through its retail location in Indiana, Pennsylvania. The company also distributes wireless communications products, such as cell phones, personal digital assistants, and related communication devices and accessories through a chain of retail locations to customers in the Gulf Coast region of Florida and nationally over the Internet through its e-store CellChannel.com. It has strategic partnerships with Metro PCS; and DISH Networks. FTS Group, Inc. was founded in 1997. It was formerly known as FTS Apparel, Inc. and changed its name to FTS Group, Inc. in 2004. The company is based in Oldsmar, Florida. With 174.21 million shares outstanding and 167,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of FLIP. According to quarterly data provided by the SEC, there were still 20,461 shares of FLIP that were failing-to-deliver as of September 28, 2007.

Bederra Corporation (OTC: BDRR | Quote | Chart | News | PowerRating) offers medical diagnostic imaging services. The company uses Positron Emission Tomography technology to detect cancer, Alzheimer's, dementia and heart diseases. Bederra Corporation is based in Houston, Texas. With 7.42 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of BDRR.

Millennium Cell Inc. (OTC: MCEL | Quote | Chart | News | PowerRating) a development stage company, develops hydrogen batteries for use primarily in portable electronic devices for the military, medical, industrial, and consumer markets. The hydrogen batteries comprise a fuel cell and hydrogen storage technology. The fuel blends used in the hydrogen battery technology include combination of water, sodium borohydride, and other chemicals. The hydrogen produced by its hydrogen fuel cartridge technology is converted into electricity by a fuel cell. The company develops the technology in partnership with corporate and government entities. It also licenses its hydrogen cartridge technology and designs to companies, which develop fuel cell systems. Millennium Cell has a strategic relationship with The Dow Chemical Company for the commercialization of its hydrogen battery technology in the military and consumer electronics markets, as well as has a joint development and licensing agreement with Horizon Fuel Cells Plc. The company was founded in 1998 and is based in Eatontown, New Jersey. With 75.62 million shares outstanding and 946,100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of MCEL. According to quarterly data provided by the SEC, there were still 134,893 shares of MCEL that were failing-to-deliver as of September 28, 2007.

Atlas Copco AB (OTC: ATLKY | Quote | Chart | News | PowerRating) provides industrial productivity solutions worldwide. It operates in three segments: Compressor Technique, Construction and Mining Technique, Industrial Technique. The Compressor Technique segment develops, manufactures, markets, distributes, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment, and air management systems for applications in manufacturing, construction, and process industries. It also offers specialty rental services, primarily, of compressors and generators. The Construction and Mining Technique segment develops, manufactures, and markets rock drilling tools, construction and demolition tools, drill rigs, and loading equipment within the areas of surface and underground excavation, exploration drilling, rock reinforcement, ground engineering, water well, and oil and gas drilling. It also supplies compaction and paving equipment for the road construction market. The Industrial Technique segment develops, manufactures, and markets industrial power tools, assembly systems, and aftermarket products and services. It serves the needs of industrial manufacturing, such as the automotive and aerospace industries, general industrial manufacturing, and maintenance and vehicle service sectors. The company was founded in 1873 and is headquartered in Stockholm, Sweden. With 839.39 million shares outstanding and 29,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of ATLKY. According to quarterly data provided by the SEC, there were still 17,176 shares of ATLKY that were failing-to-deliver as of September 21, 2007.

Hancock Fabrics Inc. (OTC: HKFIQ | Quote | Chart | News | PowerRating) operates as a specialty fabric retailer of fashion and home decorating textiles, sewing accessories, needlecraft supplies, and sewing machines. Its stores offer apparel fabrics; home decorating products, which include drapery and upholstery fabrics, and home accent pieces; quilting materials; seasonal and current fashion merchandise; and notions comprising sewing aids and accessories, such as zippers, buttons, threads, sewing machines, and patterns. As of February 2, 2008, the company operated 269 stores in 37 states in the United States. It serves the sewing, needle arts, and home decorating markets. The company was founded in 1957 and is headquartered in Baldwyn, Mississippi. On March 21, 2007, Hancock Fabrics, Inc., along with its affiliates, jointly filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware. With 19.40 million shares outstanding and 769,700 shares declared short as of July 2008, there is no longer a failure to deliver in shares of HKFIQ. According to quarterly data provided by the SEC, there were still 31,524 shares of HKFIQ that were failing-to-deliver as of September 28, 2007.

VolgaTelecom (OTC: VLGAY | Quote | Chart | News | PowerRating) provides fixed line and mobile telecommunication services in the territory of Povolzhie region of the Russian Federation. It offers electric communication services, which include local and intra-regional telephone communication, telegraph communication, and telematic services, as well as TV and radio broadcasting. The company's activities also comprise rental of communication channels; and provision of data transmission, wireless communication, Internet, ADSL, ISDN, IP-telephony, installation, and connection services. It serves residential, corporate, and government customers. The company is based in Nizhny Novgorod, the Russian Federation. With 122.99 million shares outstanding and 2,400 shares declared short as of July 2008, there is no longer a failure to deliver in shares of VLGAY.

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 ATLKY click here.

    


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