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BUYINS.NET: SSBX, CSAT, PRGJ, EXSDF, GXEXF, NRSRF Have Also Been Added To Naked Short List Today

Fri. August 15, 2008; Posted: 09:21 AM
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Aug 15, 2008 (M2 PRESSWIRE via COMTEX) -- SSBX | 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: Silver State Bancorp (NASDAQ: SSBX), Celsia Technologies, Inc. (OTCBB: CSAT), PRG Group, Inc. (OTC: PRGJ), Sulliden Exploration, Inc. (OTC: EXSDF), Geologix Explorations, Inc. (OTC: GXEXF), Northland Resources, Inc. (OTC: NRSRF). 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.

Silver State Bancorp (NASDAQ: SSBX | Quote | Chart | News | PowerRating) operates as the holding company for Silver State Bank, which offers commercial and consumer banking services in Nevada and the Phoenix/Scottsdale market area. Its deposit products include checking, money market, savings, NOW, and individual retirement accounts, as well as certificates of deposit. The company's loan portfolio comprises construction and land loans, commercial real estate loans, commercial and industrial loans, SBA loans, residential real estate loans, and consumer loans. As of April 3, 2008, Silver State Bancorp operated 13 full service branches in southern Nevada and 3 full service branches in the Phoenix/Scottsdale market area. It also operates loan production offices located in Nevada, California, Washington, Oregon, Utah, Colorado, and Florida. Silver State Bancorp was founded in 1996 and is headquartered in Henderson, Nevada. With 15.14 million shares outstanding and 1.25 million shares declared short as of July 2008, there is a failure to deliver in shares of SSBX. According to quarterly data provided by the SEC, there were still 14,245 shares of SSBX that were failing-to-deliver as of September 27, 2007.

Celsia Technologies, Inc. (OTCBB: CSAT | Quote | Chart | News | PowerRating) and its subsidiaries provide and license thermal management products and technology for the personal computer, consumer electronics, flat panel display, and the light emitting diode-lighting industries. It engages in the research, development, and commercialization of cooling solutions built on patented micro thermofluidic technology. The company manufactures, markets, and licenses its patented thermal management cooling devices, which use microfluidic physics to move liquid at high speeds through micro-channels within thin panels. Its products and technology solutions include iCurie Cooled, which is used to create a cooling device, such as millimeter thin copper plate into which micro and nano channels have been structured; and NanoSpreader Technology, which is used to cool multi sources and designed to be an integrated part of a printed circuit board. Celsia Technologies also provides Iceon 1000C Desktop Cooler, which is composed of its NanoSpreaders, an aluminum base plate and a set of copper fins; and Iceon 1000CG Graphic card cooler that includes a fan package and its thin and light heat spreader technology. The company offers its products and solutions through direct sales and licensing/distribution partners. It also operates in London, the United Kingdom and Seoul, South Korea. The company, formerly known as iCurie, Inc., was founded in 2000 and is headquartered in Miami, Florida. With 85.57 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of CSAT. According to quarterly data provided by the SEC, there were still 47,734 shares of CSAT that were failing-to-deliver as of August 9, 2007.

PRG Group, Inc. (OTC: PRGJ | Quote | Chart | News | PowerRating) operates as an international application service provider. It offers strategy, software development, integration, and hosting services. The company also offers Web-based applications, network management, consulting services, e-business solutions, system upgrades, and testing, as well as infrastructure support to clients in North America, Asia and the Caribbean. PRG Group, Inc. was formerly known as Visitel Network, Inc. The company was founded in 2001 and is based in New Castle, Delaware with additional offices in New Jersey and New Hampshire. With 7,000 shares outstanding and an undisclosed short position, there is a failure to deliver in shares of PRGJ. According to quarterly data provided by the SEC, there were still 25,612 shares of PRGJ that were failing-to-deliver as of September 19, 2007.

Sulliden Exploration, Inc. (OTC: EXSDF | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the acquisition, exploration, and development of natural resource properties in Peru. It primarily focuses on the development of its Shahuindo gold-silver project located 25 km north of Barrick's Alto Chicama and 70 km south of Newmont's Yanacocha deposits in northern Peru. The company, formerly known as Exploration Denn'Or, Inc., was incorporated in 1985 and is based in Toronto, Canada. With 72.9 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of EXSDF. According to quarterly data provided by the SEC, there were still 10,000 shares of EXSDF that were failing-to-deliver as of September 5, 2007.

Geologix Explorations, Inc. (OTC: GXEXF | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, and development of mineral properties in North and South America. The company primarily explores for gold, silver, lead, and zinc properties. It holds interest in properties located in Nevada, Mexico, and Peru. The company was founded in 1996 and is based in Vancouver, Canada. With 41.5 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of GXEXF. According to quarterly data provided by the SEC, there were still 292,331 shares of GXEXF that were failing-to-deliver as of September 28, 2007.

Northland Resources, Inc. (OTC: NRSRF | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the acquisition, exploration, and development of mineral resource properties primarily in Sweden, Finland, and Canada. It primarily explores for iron, gold, and base and precious metals. The company, formerly known as North American Gold, Inc., was incorporated in 1987 and is based in Vancouver, Canada. With 109.3 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of NRSRF. According to quarterly data provided by the SEC, there were still 14,200 shares of NRSRF that were failing-to-deliver as of September 5, 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 CSAT click here.

    


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