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BUYINS.NET: STEC, NGNM, SPNG, BHKLY, NHYDY, PUBGY Have Also Been Added To Naked Short List Today

Thu. August 14, 2008; Posted: 09:16 AM
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Aug 14, 2008 (M2 PRESSWIRE via COMTEX) -- STEC | 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: STEC Inc. (NASDAQ: STEC), NeoGenomics Inc. (OTCBB: NGNM), Spongetech Delivery Systems Inc. (OTCBB: SPNG), BOC Hong Kong Ltd. (OTC: BHKLY), Norsk Hydro ASA (OTC: NHYDY), Publicis Groupe S.A. (OTC: PUBGY). 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.

STEC Inc. (NASDAQ: STEC | Quote | Chart | News | PowerRating) designs, develops, manufactures, and markets custom memory solutions based on flash memory and dynamic random access memory (DRAM) technologies in the United States and internationally. Its flash products include ZeusIOPS solid state drives that provide enterprise-class data storage solutions; Zeus solid state drives, which are designed to meet the data storage requirements of a range of industries, including defense and aerospace, automotive and transportation, industrial, and communications industries; MACH solid state drives, which are small form factor storage solution for mission-critical systems in a variety of industries; ATA PC cards for equipment requiring standard form factors and moderate capacities, such as data recorders, avionics systems, and telecommunication applications; CompactFlash products that provide interoperability with systems based on the PC Card ATA standard by using passive adapter; secure digital memory cards; MMCPlus memory cards; USB flash drive; and single chip drives. The company also offers DRAM products, which include dual in-line memory modules (DIMMs), small-outline DIMMs, mini-registered DIMMs (mini-RDIMMs), very low profile RDIMMs, and fully-buffered DIMMs or FB-DIMMs for computing, communications, and industrial applications. STEC markets its products through manufacturers' representatives, and original equipment manufacturer distributors. STEC, Inc. was formerly known as SimpleTech, Inc. and it changed its name in March, 2007. The company was founded in 1990 and is based in Santa Ana, California. With 49.27 million shares outstanding and 9.57 million shares declared short as of July 2008, there is a failure to deliver in shares of STEC. According to quarterly data provided by the SEC, there were still 13,040 shares of STEC that were failing-to-deliver as of September 12, 2007.

NeoGenomics Inc. (OTCBB: NGNM | Quote | Chart | News | PowerRating) doing business as NeoGenomics Laboratories, operates a network of cancer-focused testing laboratories in the United States. The company provides various testing services, including cytogenetics testing, which analyzes human chromosomes; Flourescence In-Situ Hybridization testing that analyzes abnormalities at the chromosomal and gene levels; flow cytometry testing services, which analyze gene expression of specific markers inside cells and on cell surfaces; and molecular testing, which involves in the analysis of DNA and RNA to diagnose and predict the clinical significance of various genetic sequence disorders. It offers clinical diagnostic services to pathologists, oncologists, urologists, hospitals, and other laboratories in the United States. The company was founded in 2001 and is headquartered in Fort Myers, Florida. With 31.41 million shares outstanding and 100 shares declared short as of July 2008, there is a failure to deliver in shares of NGNM. According to quarterly data provided by the SEC, there were still 11,481 shares of NGNM that were failing-to-deliver as of September 12, 2007.

Spongetech Delivery Systems Inc. (OTCBB: SPNG | Quote | Chart | News | PowerRating) engages in the design, production, marketing, and distribution of hydrophilic polyurethane sponge cleaning and waxing products primarily for vehicular use in the United States. The company utilizes patented technology relating to sponges containing hydrophilic, which are liquid absorbing, foam polyurethane matrices. Its product portfolio comprises specially configured sponges containing an outer contact layer and an inner matrix; children's bath foam sponge with a safe mesh coating, which prevents tearing; and household cleaning sponges infused with anti-bacterial bath and kitchen soaps. The company was founded in 1999 and is based in New York, New York. With 196.29 million shares outstanding and 491,700 shares declared short as of July 2008, there is a failure to deliver in shares of SPNG. According to quarterly data provided by the SEC, there were still 35,907 shares of SPNG that were failing-to-deliver as of September 28, 2007.

BOC Hong Kong Ltd. (OTC: BHKLY | Quote | Chart | News | PowerRating) operates as the holding company for Bank of China (Hong Kong) Limited, which provides a range of financial products and services to retail and corporate customers in Hong Kong. The company offers various deposit products, including saving accounts, current accounts, fixed deposits, demand deposits, club deposit, and other deposits. It also offers exchanges, remittance, bank cards, and cheque services. In addition, the company provides mortgage loans, personal loans, credit card, wealth management, insurance, securities brokerage, payment, asset management, trust, trade finance, investment, market information, cash management, and overdraft facilities services. Its insurance products include personal life insurance, personal accident and medical insurance, universal travel insurance, home comprehensive insurance, domestic helper comprehensive insurance, motor vehicle insurance, and golfer insurance. Further, the company offers online, mobile, and telephone banking services. As of December 31, 2006, BOC Hong Kong operated approximately 280 branches and 440 ATMs and other delivery channels in Hong Kong, as well as had 14 branches and sub-branches in the mainland of China. The company was incorporated in 2001 and is headquartered in Central, Hong Kong. BOC Hong Kong (Holdings) Limited is a subsidiary of Bank of China Limited. With 528.64 million shares outstanding and 23,100 shares declared short as of July 2008, there is a failure to deliver in shares of BHKLY.

Norsk Hydro ASA (OTC: NHYDY | Quote | Chart | News | PowerRating) supplies aluminium and aluminium products worldwide. It primarily offers casthouse products, such as extrusion ingots, sheet ingots, wire rod, and foundry alloys. The company also provides a range of downstream products and markets primarily in building, packaging, lithographic, and automotive market sectors. Norsk Hydro was founded in 1905 and is headquartered in Oslo, Norway. With 1.25 billion shares outstanding and 839,600 shares declared short as of July 2008, there is a failure to deliver in shares of NHYDY. According to quarterly data provided by the SEC, there were still 20,367 shares of NHYDY that were failing-to-deliver as of September 19, 2007.

Publicis Groupe S.A. (OTC: PUBGY | Quote | Chart | News | PowerRating) provides traditional advertising, specialized agencies and marketing services, and media services for customers in Europe, North America, and internationally. The company's traditional advertising services include the creation of advertising for products, services, and brands; and market research, consumer behavior studies, and sociological and psychological studies. It also offers specialized communication services, such as direct marketing and customer relationship management, sales promotion and point-of-sale marketing, healthcare communications, multicultural and ethnic communications, corporate and financial communications, human resources communications, public relations, design services, interactive communications, events marketing, and production and pre-press technologies. In addition, the company provides media operations services, including media planning, media buying, and media sales. Further, the company, through its subsidiary, offers digital communication and direct marketing services, as well as marketing services in the health sector. Publicis has strategic alliance with Dentsu, Inc. The company was founded in 1926 and is based in Paris, France. With 194.41 million shares outstanding and 50,200 shares declared short as of July 2008, there is a failure to deliver in shares of PUBGY. According to quarterly data provided by the SEC, there were still 14,362 shares of PUBGY that were failing-to-deliver as of September 20, 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. SPNG has previously paid a $995.00 data fee to BUYINS.NET. 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 BHKLY click here.

    


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