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BUYINS.NET: ROYL, SYMX, UBSI, UVSP, HDLM, JRCO Have Also Been Removed From Naked Short List Today

Thu. July 31, 2008; Posted: 09:33 AM
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Jul 31, 2008 (M2 PRESSWIRE via COMTEX) -- UVSP | 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: Royale Energy Inc. (NASDAQ: ROYL), Synthesis Energy Systems Inc. (NASDAQ: SYMX), United Bankshares Inc. (NASDAQ: UBSI), Univest Corp. of Pennsylvania (NASDAQ: UVSP), Handleman Company (OTC: HDLM), Journal Register Company (OTC: JRCO). 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.

Royale Energy Inc. (NASDAQ: ROYL | Quote | Chart | News | PowerRating) operates as an independent oil and natural gas producer in the United States. The company engages in the production and sale of oil and natural gas; acquisition of oil and gas lease interests and proved reserves; drilling of exploratory and development wells; and sale of working interests in wells to be drilled. It owns wells and leases located principally in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, and Louisiana. The company also holds proved developed producing reserves of oil and natural gas in Texas and Louisiana. As of December 31, 2007, Royale Energy operated 54 natural gas wells in California; owned an interest and operated 2 natural gas wells in Utah; and had non-operating interests in 17 oil and gas wells in Texas, 3 in Oklahoma, 2 in California, and 2 in Louisiana. It also had 3,414 MMcf proved developed reserves and total proved reserves of 3,772 MMcf of natural gas; and proved developed oil reserves of 24 Mbbl and total proved oil reserves of 24 Mbbl. The company was founded in 1986 and is based in San Diego, California. With 7.92 million shares outstanding and 1.2 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of ROYL.

Synthesis Energy Systems Inc. (NASDAQ: SYMX | Quote | Chart | News | PowerRating) a development stage company, engages in the development and commercialization of gasification technology primarily in China and North America. It holds a license to manufacture, make, use, and sell U-GAS coal gasification systems, which are used for the low-to-medium heating value synthesis gas from various biomass feed stocks and coals, including high-ash fuels; and coal and biomass mixture gasification systems that utilize coal and biomass blends having feedstock materials. The company was founded in 2003 and is headquartered in Houston, Texas. With 36.42 million shares outstanding and 332,500 shares declared short as of July 2008, there is no longer a failure to deliver in shares of SYMX.

United Bankshares Inc. (NASDAQ: UBSI | Quote | Chart | News | PowerRating) through its banking subsidiaries, provides a range of commercial and retail banking services and products. It primarily engages in generating deposits and originating loans. The company's deposit products include checking accounts, savings accounts, time deposits, money market accounts, and individual retirement accounts. Its lending portfolio comprises real estate mortgage, real estate construction, financial, and agricultural loans, as well as consumer loans, including personal, student, and home equity. The company also offers safe deposit boxes, wire transfers, Internet banking, credit cards, and other standard banking products and services. In addition, United Bankshares provides other community banking services, such as asset management, real property title insurance, investment banking, financial planning, and brokerage services. The company serves small to mid-size industrial and commercial companies, as well as automobile dealers, service, retail, and wholesale merchants. As of December 31, 2007, the company operated 114 full service offices, including 54 offices throughout West Virginia; 57 offices in northern Virginia, Maryland, and Washington, D.C. areas; and 3 offices in southeastern Ohio. The company was founded in 1982 and is headquartered in Charleston, West Virginia. With 43.26 million shares outstanding and 5.1 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of UBSI. According to quarterly data provided by the SEC, there were still 15,764 shares of UBSI that were failing-to-deliver as of August 16, 2007.

Univest Corp. of Pennsylvania (NASDAQ: UVSP | Quote | Chart | News | PowerRating) operates as a holding company for Univest National Bank and Trust Co. that provides commercial and retail banking services in Pennsylvania. It offers various deposit products, including interest-bearing and non interest-bearing demand deposits, interest-bearing checking deposits, money market savings, regular savings, certificates of deposit, and time open and club accounts. The company also provides commercial, financial, and agricultural loans; real estate-commercial and construction loans; and real estate-residential loans, as well as individual and municipal loans. In addition, it offers various financial services, including financial planning, investment management, insurance products, and brokerage services to individuals and businesses. Further, the company provides a range of community banking and trust services, payroll check cashing, express banking services, and on-line banking services. It serves Montgomery, Bucks, and Chester counties of Pennsylvania through 33 banking offices that provides banking and trust services to the residents and employees of 12 retirement communities, as well as through a work site office, which performs a payroll check cashing service, and an express banking center located in the Montgomery Mall. The company was founded in 1973 and is headquartered in Souderton, Pennsylvania. With 12.84 million shares outstanding and 828,100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of UVSP. According to quarterly data provided by the SEC, there were still 12,080 shares of UVSP that were failing-to-deliver as of September 28, 2007.

Handleman Company (OTC: HDLM | Quote | Chart | News | PowerRating) operates as a category manager and distributor of prerecorded music titles to retailers in the United States, the United Kingdom, and Canada. The company manages the selection, acquisition, delivery, retail ticketing, display, and return of music product for its retail customers' stores. It also distributes video game hardware, software, and accessories to retailers in the United States. In addition, Handleman Company offers various services to its customers, including integrated vendor managed inventory; direct-to-store shipments of shelf ready products; assortment planning and product procurement; promotional planning and execution; merchandising and display support; and support personnel. Further, the company publishes video game titles under Crave Entertainment brand. The company was founded in 1934 and is based in Troy, Michigan. With 20.47 million shares outstanding and 7.4 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of HDLM.

Journal Register Company (OTC: JRCO | Quote | Chart | News | PowerRating) publishes daily news papers and non-daily publications in print and online primarily in the United States. As of December 31, 2007, it owned and operated 22 daily newspapers and 321 non-daily publications. The company's newspapers serve the needs of its local readers and advertisers. The editorial content of its newspapers includes coverage of local youth, high school, college, and professional sports, as well as local business, politics, entertainment, and culture. Its non-daily publications range from weekly and other non-daily frequency newspapers to region specific multi-color travel and other specific interest leisure oriented magazines. The company also operated 228 individual Web sites, which are affiliated with its daily newspapers and non-daily publications; and a network of 20 employment Web sites. In addition, it owned and operated three commercial printing facilities: Imprint Print in North Haven, Connecticut; Nittany Valley Offset in State College, Pennsylvania; and InterPrint in Bristol, Pennsylvania. Additionally, the company operated a printing facility in Exton, Pennsylvania. Journal Register Company was founded in 1994 and is headquartered in Yardley, Pennsylvania. With 39.36 million shares outstanding and 2.02 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of JRCO.

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 HDLM click here.

    


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