BUYINS.NET: FRP, RDN, FSBK, ITWO, OSBC, SNCR Have Been Added To Naked Short List Today

Aug 21, 2008 (M2 PRESSWIRE via COMTEX) -- SNCR | 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: FairPoint Communications Inc. (NYSE: FRP), Radian Group Inc. (NYSE: RDN), First South Bancorp Inc (NASDAQ: FSBK), i2 Technologies Inc. (NASDAQ: ITWO), Old Second Bancorp Inc. (NASDAQ: OSBC), Synchronoss Technologies Inc. (NASDAQ: SNCR). 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.

FairPoint Communications Inc. (NYSE: FRP | Quote | Chart | News | PowerRating) provides communication services to residential and business customers in rural and small urban communities in the United States. It owns and operates local exchanges that offer local and long distance voice, data, Internet, television, broadband services. As of March 31, 2008, the company operated approximately 1.9 million access line equivalents, including access lines and high-speed data lines, which comprise digital subscriber line, fiber-to-the-premises, wireless broadband, and cable modem. It also provides other services, including cable television and video-over-DSL, public coin telephone, billing and collection, directory services. In addition, the company sells and maintains customer premise equipment. FairPoint Communications is based in Charlotte, North Carolina. With 89.02 million shares outstanding and 24.55 million shares declared short as of July 2008, there is a failure to deliver in shares of FRP. According to quarterly data provided by the SEC, there were still 24,757 shares of FRP that were failing-to-deliver as of September 26, 2007.

Radian Group Inc. (NYSE: RDN | Quote | Chart | News | PowerRating) through its subsidiaries, provides credit-related insurance coverage and financial services in the United States and internationally. The company operates in three segments: Mortgage Insurance, Financial Guaranty, and Financial Services. The Mortgage Insurance segment offers credit protection for mortgage lenders and other financial services companies on residential mortgage assets through traditional mortgage insurance, as well as other mortgage-backed structured products. This segment serves mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, and savings institutions. The Financial Guaranty segment insures and reinsures municipal bonds and other credit-based risks, and provides synthetic credit protection on various asset classes through credit default swaps. This segment serves financial institutions that structure, underwrite, or trade securities issued in public finance and structured finance obligations. The Financial Services segment specializes in credit card and bankruptcy-plan consumer assets, as well as in credit-sensitive, residential mortgage assets, and residential mortgage-backed securities investment. The company was founded in 1977. It was formerly known as CMAC Investment Corporation and changed its name to Radian Group, Inc. in 1999. The company is headquartered in Philadelphia, Pennsylvania. With 80.43 million shares outstanding and 18.29 million shares declared short as of July 2008, there is a failure to deliver in shares of RDN. According to quarterly data provided by the SEC, there were still 39,486 shares of RDN that were failing-to-deliver as of September 28, 2007.

First South Bancorp Inc (NASDAQ: FSBK | Quote | Chart | News | PowerRating) operates as the holding company for First South Bank that provides commercial banking services in North Carolina. It generates various deposit products, including checking accounts, money market accounts, statement savings accounts, individual retirement accounts, and certificates of deposit. The company also originates loan products, such as residential mortgage loans, including single-family residential, multi-family residential, and construction loans; commercial loans and leases for commercial real estate, commercial construction, commercial business, and lease receivables; consumer loans comprising automobile, savings account loans, certificate of deposit loans, home equity loans, and unsecured loans; and loans secured by first mortgages on owner-occupied, single-family residences. As of April 15, 2008, it operated 30 full service branch offices and 2 loan production offices in North Carolina. The company was founded in 1959 and is headquartered in Washington, North Carolina. With 9.75 million shares outstanding and 1.12 million shares declared short as of July 2008, there is a failure to deliver in shares of FSBK. According to quarterly data provided by the SEC, there were still 28,575 shares of FSBK that were failing-to-deliver as of September 28, 2007.

i2 Technologies Inc. (NASDAQ: ITWO | Quote | Chart | News | PowerRating) provides supply chain management solutions worldwide. It offers various products and solutions for manufacturing and planning; transportation and distribution management; merchandising, assortment, and allocation planning; execution, collaboration, and visibility; supplier relationship management; and data management and business analytics. The company's solutions for manufacturing and planning enable businesses to co-ordinate the production and distribution of goods and materials throughout the supply chain to final delivery to the customer. These products include supply planning solutions that provide multi-enterprise visibility, collaboration, decision-support, and execution capabilities; and demand management and retail management solutions that provide tools to forecast and manage demand, plan merchandising strategies, manage markdowns and promotions pricing, and optimize price quoting. i2 Technologies' solutions for transportation and distribution management enable the flow of goods between suppliers, enterprise supply chain locations, and customers. Its solutions to plan execution and collaboration enable businesses to integrate the planning and execution processes, create a closed-loop environment and provide tools designed to stage inventory, plan replenishment, manage orders, and provide visibility. The company's supplier relationship management solutions are designed to bridge product development, sourcing, supply planning, and procurement across the supply chain. i2 Technologies' data management solution manages data from legacy, enterprise resource planning, and other applications. It also offers on-demand and software as service solutions. In addition, the company offers hosted software solutions, such as business optimization and technical consulting, managed services, training, solution maintenance, and software upgrades and development. i2 Technologies was founded in 1988 and is headquartered in Dallas, Texas. With 21.46 million shares outstanding and 2.51 million shares declared short as of July 2008, there is a failure to deliver in shares of ITWO. According to quarterly data provided by the SEC, there were still 32,250 shares of ITWO that were failing-to-deliver as of September 27, 2007.

Old Second Bancorp Inc. (NASDAQ: OSBC | Quote | Chart | News | PowerRating) operates as a multi bank holding company that provides community banking and trust business services in the United States. The company's services include demand, NOW, money market, savings, time deposit, individual retirement, and Keogh deposit accounts; commercial, industrial, consumer, and real estate lending, including installment loans, student loans, farm loans, lines of credit, and overdraft checking; safe deposit operations; trust services; and wealth management services. It also offers various additional services, such as the acquisition of United States treasury notes and bonds, sale of traveler's checks, money orders, cashier's checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services, as well as electronic banking services, including Internet banking and corporate cash management. The company makes commercial and consumer loans to corporations, partnerships, and individuals; and focuses on business, capital, construction, inventory, and real estate lending, as well as offers direct and indirect installment loans to consumers and commercial customers. In addition, it originates residential mortgages, offering various products, such as conventional, government, and jumbo loans; handles the secondary marketing of these mortgages; and offers insurance agency services. As of December 31, 2007, the company operated 29 banking locations and 1 commercial loan production office in Kane, Kendall, DeKalb, DuPage, LaSalle, and Will counties in Illinois. Old Second Bancorp was founded in 1981 and is headquartered in Aurora, Illinois. With 13.74 million shares outstanding and 2.53 million shares declared short as of July 2008, there is a failure to deliver in shares of OSBC. According to quarterly data provided by the SEC, there were still 10,884 shares of OSBC that were failing-to-deliver as of September 28, 2007.

Synchronoss Technologies Inc. (NASDAQ: SNCR | Quote | Chart | News | PowerRating) provides multi-channel transaction management solutions to the communications services and digital content marketplaces primarily in North America. It offers ActivationNow and ConvergenceNow platforms, which are hosted services delivered over the Internet or a dedicated communication channel that provides work flow management. The company's ActivationNow and ConvergenceNow platforms comprise PerformancePartner Portal, a graphical user interface that enables the entry of transaction data into the gateway; Gateway Manager, which provides the capability to fulfill multiple transactions; WorkFlow Manager that provides interaction with third-party relationships, as well as enables communications service providers (CSPs) to have a single transaction view, including data from third-party systems; and Visibility Manager, which offers a centralized reporting platform for intelligent analytics around the workflow, transaction management information, historical trending, and mobile reporting for users to receive critical transaction data on mobile devices. Synchronoss Technologies offers its products and services to wireless service providers, voice over Internet protocol enablers, long distance carriers, and CSPs. The company was founded in 2000 and is headquartered in Bridgewater, New Jersey. With 32.75 million shares outstanding and 4.54 million shares declared short as of July 2008, there is a failure to deliver in shares of SNCR. According to quarterly data provided by the SEC, there were still 13,591 shares of SNCR that were failing-to-deliver as of September 27, 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.

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