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BUYINS.NET: TMCV, GNLK, IXOG, NPHS, SLGLF, EORIF Have Also Been Removed From Naked Short List Today

Thu. August 21, 2008; Posted: 09:39 AM
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Aug 21, 2008 (M2 PRESSWIRE via COMTEX) -- TMCV | 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: Temecula Valley Bancorp Inc. (NASDAQ: TMCV), Genelink Inc. (OTCBB: GNLK), Index Oil & Gas Inc. (OTCBB: IXOG), NextPhase Wireless Inc. (OTCBB: NPHS), Silverado Gold Mines Ltd. (OTCBB: SLGLF), Enhanced Oil Resources, Inc. (OTC: EORIF). 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.

Temecula Valley Bancorp Inc. (NASDAQ: TMCV | Quote | Chart | News | PowerRating) operates as the bank holding company for Temecula Valley Bank that provides various banking services in California. The company's deposit accounts include non interest-bearing demand, money market and NOW, savings, and time deposits, as well as certificates of deposit. It offers automobile, recreational vehicle, boat, home improvement, collateralized and uncollateralized personal, and deposit account collateralized loans, as well as home equity lines of credit; and residential, commercial, and industrial construction loans. The company also provides construction loans on one-to-four-family residences and commercial real estate properties; and construction and/or mortgage, construction lending, commercial, SBA, and real estate secured loans. As of December 31, 2007, it operated 11 offices in Carlsbad, Corona, El Cajon, Escondido, Fallbrook, Murrieta, Ontario, Solana Beach, San Marcos, Temecula, and the Rancho Bernardo area of San Diego. The company was founded 1996 in and is based in Temecula, California. With 10.03 million shares outstanding and 703,400 shares declared short as of July 2008, there is no longer a failure to deliver in shares of TMCV. According to quarterly data provided by the SEC, there were still 53,546 shares of TMCV that were failing-to-deliver as of September 28, 2007.

Genelink Inc. (OTCBB: GNLK | Quote | Chart | News | PowerRating) through its subsidiaries, operates as a biosciences company that creates genetic tests as the basis for personalized health, beauty, and wellness applications in the United States. It offers a deoxyribonucleic acid (DNA) collection kit for the collection of DNA specimens of clients. The company has also developed proprietary single nucleotide polymorphism-based genetic profiles, which include GeneLink Nutragenetic Profile and Dermagenetics profiles, which provide a means of predicting an individual's inherent genetic capacity to combat such conditions as oxidative stress and other important selected areas of physiologic health. Its profile assessment enables nutritional and skin care companies and health care professionals to recommend a specific and targeted regime of antioxidant vitamins, nutrients, or skin care formulations designed to compensate for predicted deficiencies. The Oxidative Stress (OS) profile provides a means of predicting an individual's inherent genetic capacity to combat oxidative stress. It can measure a person's potential to efficiently control oxygen free radical damage, eliminate hydrogen peroxide, protect and repair oxidized phospholipids, and destroy harmful environmental compounds. GeneLink was founded in 1994 and is based in Jersey City, New Jersey. With 66.34 million shares outstanding and 126,900 shares declared short as of July 2008, there is no longer a failure to deliver in shares of GNLK.

Index Oil & Gas Inc. (OTCBB: IXOG | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, appraisal, development, production, and sale of oil and gas properties, primarily in Kansas, Louisiana, and Texas. As of March 31, 2008, the company's estimated total proved oil and gas reserves were approximately 219.469 thousands of barrels of oil equivalent, including 37.767 thousand barrels of oil and 1,090.213 million cubic feet of natural gas. Index Oil and Gas was founded in 2003 and is based in Houston, Texas. With 65.8 million shares outstanding and 3,800 shares declared short as of July 2008, there is no longer a failure to deliver in shares of IXOG. According to quarterly data provided by the SEC, there were still 16,078 shares of IXOG that were failing-to-deliver as of September 17, 2007.

NextPhase Wireless Inc. (OTCBB: NPHS | Quote | Chart | News | PowerRating) together with its subsidiaries, provides Internet and connectivity services to customers primarily in the United States. The company engages in the design, deployment, and operation of WiMAX-ready networks, as well as provides wired and wireless broadband connectivity solutions to businesses, public school systems, municipalities, and other government agencies. It delivers NextPhase CONNECT family of wireless broadband solutions that meet the demands of mobile and wireline voice, data, voice over Internet protocol, and video applications. NextPhase Wireless also operates as an Internet service provider of tiered wireless Internet services to business and residential subscribers; resells components and equipment related to its products and services; and provides professional and consulting services, including wireless network consulting, interference surveys, network management, and telephone consulting. The company was founded in 2000 and is headquartered in Anaheim, California. With 3.9 million shares outstanding and 17,900 shares declared short as of July 2008, there is no longer a failure to deliver in shares of NPHS.

Silverado Gold Mines Ltd. (OTCBB: SLGLF | Quote | Chart | News | PowerRating) is an exploration stage company focused on the exploration of gold properties, with some past production, and the development of new environmentally friendly low-rank coal water fuel technology. The Company has gold properties located throughout Alaska, which include a 100% interest in numerous mining claims located on the Nolan Creek property. The Company is developing low-rank coal water fuel that is designed to be produced from low-rank coal and processed into an environmentally friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. With 926.27 million shares outstanding and 34,800 shares declared short as of July 2008, there is no longer a failure to deliver in shares of SLGLF. According to quarterly data provided by the SEC, there were still 28,923 shares of SLGLF that were failing-to-deliver as of September 28, 2007.

Enhanced Oil Resources, Inc. (OTC: EORIF | Quote | Chart | News | PowerRating) a natural resources company, engages in the acquisition, exploration, and development of natural resource properties in the southwestern United States. The company focuses on the development of helium/carbon dioxide fields; and production of oil via enhanced oil recovery processes using carbon dioxide injection in the United States. It owns and operates St. Johns Field, an undeveloped helium and carbon dioxide field in North America. The company, formerly known as Ridgeway Petroleum Corp., was founded in 1980 and is headquartered in Houston, Texas. With 105.0 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of EORIF. According to quarterly data provided by the SEC, there were still 48,676 shares of EORIF 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 EORIF click here.

    


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