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BUYINS.NET: VISN, CXAC, RNWF, CSNY, ENCS, VLCO Have Also Been Added To Naked Short List Today

Wed. August 06, 2008; Posted: 09:17 AM
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Aug 06, 2008 (M2 PRESSWIRE via COMTEX) -- VISN | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: VisionChina Media Inc. (NASDAQ: VISN), Cross Atlantic Commodities Inc. (OTCBB: CXAC), Renewal Fuels Inc. (OTCBB: RNWF), City Network, Inc. (OTC: CSNY), Encore Energy Systems Inc. (OTC: ENCS), ValCom Inc. (OTC: VLCO). 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.

VisionChina Media Inc. (NASDAQ: VISN | Quote | Chart | News | PowerRating) through its consolidated affiliated entity, China Digital Mobile Television Co., Ltd., provides advertising services in the People's Republic of China. It operates out-of-home advertising network using real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems. The company's mobile digital television advertising network delivers real-time content provided by the local television stations. Its advertising network consisting of digital television displays located on buses and other selected locations that receive mobile digital television broadcasts of real-time content and advertising. The company's network also displays real-time news and stock quotes, weather and traffic updates, sports highlights, and other programs, as well as disseminates public-interest messages and programs that promote the general welfare of society and other urgent messages during emergency situations, such as typhoons, earthquakes, and other events that concern public safety. VisionChina Media also operates a stationary advertising platform in subway stations in Guangzhou and Shenzhen, China. As of December 31, 2007, its mobile digital television advertising network consisted of approximately 41,500 digital television displays in 14 cities in China; and stationary advertising platform consisted of 208 digital displays. VisionChina Media sells advertising time on its network to companies through direct sales force and third party advertising agents. The company was founded in 2005 and is headquartered in Shenzhen, the People's Republic of China. With 68.39 million shares outstanding and 1.64 million shares declared short as of July 2008, there is a failure to deliver in shares of VISN.

Cross Atlantic Commodities Inc. (OTCBB: CXAC | Quote | Chart | News | PowerRating) a development stage company, imports and delivers coffee and coffee related products to customers in the United States, Europe, and Asia. The company was formerly known as Business Advantage 17, Inc. Cross Atlantic Commodities, Inc. was founded in 1998 and is based in Weston, Florida. With 25.35 million shares outstanding and 200,300 shares declared short as of July 2008, there is a failure to deliver in shares of CXAC. According to quarterly data provided by the SEC, there were still 10,000 shares of CXAC that were failing-to-deliver as of September 25, 2007.

Renewal Fuels Inc. (OTCBB: RNWF | Quote | Chart | News | PowerRating) engages in designing, developing, manufacturing, and marketing biodiesel processing equipment and accessories in the United States. It offers FuelMeister line of biodiesel processors, which allow users to convert waste vegetable oil into biodiesel. The company, thorough its subsidiaries, also develops BiodieselMaster, a community-scale biodiesel processing plant for customers, including small communities, farms, farm co-ops, and trucking fleets, as well as engages in growing cellulosic feedstock for the biofuels industry. It sells and distributes its products through a network of dealers and third party sales associates, as well as directly through its Website at www.fuelmeister.com. The company is based in Milwaukee, Wisconsin. With 30.77 million shares outstanding and 60,100 shares declared short as of July 2008, there is a failure to deliver in shares of RNWF.

City Network, Inc. (OTC: CSNY | Quote | Chart | News | PowerRating) engages in the design, manufacture, and marketing of a range of broadband communication and wireless Internet access products and solutions in the United States. It offers asymmetric digital subscriber line/very high bit-rate digital subscriber line devices that provide broadband access based on Internet technologies; HPNA, a broadband network access system, which provides broadband data access through existing telephone lines; fiber optic access equipment; and global positioning system solution. The company primarily serves broadband and wireless Internet services providers, as well as small, medium, and large telecommunications companies. City Network was founded in 1994 and is based in Taipei, Taiwan. With 34.97 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of CSNY.

Encore Energy Systems Inc. (OTC: ENCS | Quote | Chart | News | PowerRating) a diversified energy company, markets its patented geothermal water-air heating/cooling systems to commercial and institutional markets in the United States. It also sells energy conservation solutions. The company, through its geothermal marketing unit, DeMarco Energy Systems of America, Inc., has geothermal installations in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California, and Texas. It primarily focuses on providing heating and air conditioning powered by the thermal properties of managed water systems that include gray-water, re-use water, and potable water systems. Encore Energy Systems also owns a systems patent, known as the Energy Miser System that utilizes the thermal properties of managed water supplies to heat/cool and provides domestic hot water for buildings. The company was founded in 1983 and is based in Brighton, Michigan. With 51.05 million shares outstanding and 598,000 shares declared short as of July 2008, there is a failure to deliver in shares of ENCS. According to quarterly data provided by the SEC, there were still 28,029 shares of ENCS that were failing-to-deliver as of September 28, 2007.

ValCom Inc. (OTC: VLCO | Quote | Chart | News | PowerRating) operates as a diversified entertainment company in the United States. It engages in studio rental for television production for network and syndication programming, and motion pictures. The company also supplies and rents personnel, cameras, and other production equipment to various production companies. In addition, ValCom, Inc. leases sound stages, and owns a library of television content. Further, it produces television content, film, and animation, as well as operates as an independent television broadcaster. The company was founded in 1983 and is based in Burbank, California. On July 16, 2007, Valcom, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Central District of California. With 4.91 million shares outstanding and 7,500 shares declared short as of July 2008, there is a failure to deliver in shares of VLCO. According to quarterly data provided by the SEC, there were still 66,023 shares of VLCO that were failing-to-deliver as of September 28, 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 2,100,000,000 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 CSNY click here.

    


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