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BUYINS.NET: GFG, SCA, CSY, ASTI, COINZ, CTBK Have Been Added To Naked Short List Today

Mon. August 25, 2008; Posted: 05:29 AM
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Aug 25, 2008 (M2 PRESSWIRE via COMTEX) -- TIN | 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: Guaranty Financial Group Inc. (NYSE: GFG), Security Capital Assurance Ltd (NYSE: SCA), China Sky One Medical Inc. (AMEX: CSY), Ascent Solar Technologies Inc. (NASDAQ: ASTI), Converted Organics, Inc. (NASDAQ: COINZ), City Bank (NASDAQ: CTBK). 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.

Guaranty Financial Group Inc. (NYSE: GFG | Quote | Chart | News | PowerRating) through its subsidiary, Guaranty Bank, provides commercial and retail banking products and services in the United States. The company offers various commercial banking services to business and commercial customers, including financing for commercial real estate, multifamily and homebuilder construction, mortgage warehouse financing, senior housing, and middle market businesses and companies engaged in the energy industry. It provides lines of credit; working capital loans; loans for acquisition, expansion, and development facilities; borrowing base loans; real estate construction loans; regional and national homebuilder loans; term loans; equipment financing; letters of credit; and other loan products. The company lends to corporations, regional companies, oil and gas producers, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses. Guaranty Bank also offers a range of retail banking services to consumers and small businesses, including deposits, such as savings, checking, interest-bearing checking, money-market, and certificates of deposit; loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans, home equity loans, and home equity lines of credit; and non-deposit investment products, such as mutual funds and variable annuity products through a non-affiliated registered broker-dealer and through licensed agents. The company, formerly known as Temple-Inland Financial Services, Inc., was founded in 1938 and is based in Austin, Texas. Guaranty Financial Group operates independently of Temple-Inland as of December 28, 2007. With 37.3 million shares outstanding and 9.64 million shares declared short as of July 2008, there is a failure to deliver in shares of GFG.

Security Capital Assurance Ltd (NYSE: SCA | Quote | Chart | News | PowerRating) through its subsidiaries, provides financial guaranty insurance, reinsurance, and other credit enhancement products to the public finance and structured finance markets in the United States and internationally. It operates in two segments, Financial Guarantee Insurance and Financial Guarantee Reinsurance. The Financial Guaranty Insurance segment offers financial guarantee insurance policies of public finance and structured finance debt securities, and credit default swaps contracts. The Financial Guarantee Reinsurance segment reinsures financial guarantee policies and credit default swaps issued by other monoline financial guarantee insurance companies. Syncora Holdings provides insurance and reinsurance coverage, and financial products and services to industrial, commercial, and professional service firms; insurance companies; and other enterprises. The company, formerly known as Security Capital Assurance, Ltd., is headquartered in Hamilton, Bermuda. With 65.3 million shares outstanding and 9.42 million shares declared short as of July 2008, there is a failure to deliver in shares of SCA. According to quarterly data provided by the SEC, there were still 77,130 shares of SCA that were failing-to-deliver as of September 28, 2007.

China Sky One Medical Inc. (AMEX: CSY | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the development, manufacture, marketing, and sale of over-the-counter nutritional supplements and herb based pharmaceutical and medicinal products primarily in the People's Republic of China. It offers cosmetics, medical devices, and external use medicinal or pharmaceutical external use products in various forms, including sprays, ointments and creams, powders, and patches. The company's products include sumei slim patch to foster weight loss and prevent weight gain; pain killer patch used for the treatment of various ailments, including fever, headache, dysentery, diarrhea, and stiffness and pain in the neck caused by hypertension; anti-hypertension patch that improves circulation and reduces blood pressure; dysmenorrheal patch for pain relief from dysmenorrheal in a woman's critical days, and for regulating pain and catamenia; yin ke psoriasis spray; wart removing spray; chilblain ointment; hemorrhoids ointment for sterilizing and relieving hemorrhoid symptoms, including itching, distending pain, burning, and bleeding; tinea pedis spray, ointment and powder for killing various pathogens on the skin surface and subcutaneously, such as mycete, trichopytic, staphylococcal bacteria aureus, bacillus coli, and candida albicans; dermatitis spray; dandruff treatment herbal shampoo; and runze eye drop. It also offers cardiac arrest early examination kit and kidney disease testing kit, as well as various products made from Chinese herbs and plants, including a leukoderma ointment, rheumatism spray, Coryza powder, Hircus removing spray, gonorrheal cleaning spray, a snoring retardant, deodorants, diet tea, cough arresting patch, and pharyngitis spray. In addition, the company engages in the sale of medicinal and pharmaceutical products manufactured by others. It sells products through pharmaceutical chains. The company was founded in 1994 and is headquartered in Harbin, the People's Republic of China. With 14.85 million shares outstanding and 639,000 shares declared short as of July 2008, there is a failure to deliver in shares of CSY.

Ascent Solar Technologies Inc. (NASDAQ: ASTI | Quote | Chart | News | PowerRating) a development stage company, engages in the commercialization of certain photovoltaic (PV) technology developed by ITN Energy Systems, Inc. for space satellite, near-space, and terrestrial markets. Its PV modules use a thin film copper-indium-gallium-diselenide semiconductor material on a flexible plastic substrate. The company was founded in 2005 and is based in Littleton, Colorado. With 14.05 million shares outstanding and 2.36 million shares declared short as of July 2008, there is a failure to deliver in shares of ASTI. According to quarterly data provided by the SEC, there were still 272,928 shares of ASTI that were failing-to-deliver as of September 28, 2007.

Converted Organics, Inc. (NASDAQ: COINZ) focuses on the manufacture, sale, and distribution of natural soil amendment products combining nutritional and disease suppression characteristics. It uses organic food waste as raw material to manufacture soil amendment products. Converted Organics plans to sell and distribute these products in the agribusiness, turf management, and retail markets. The company was founded in 2003 and is headquartered in Boston, Massachusetts. With 34,300 shares declared short as of July 2008, there is a failure to deliver in shares of COINZ.

City Bank (NASDAQ: CTBK | Quote | Chart | News | PowerRating) provides commercial and retail banking services in the United States. The bank provides loan and deposit services to its customers. Its loan services comprise lending to small and medium-sized businesses; construction lending for single family residences; and mortgage lending. The company offers regular and interest bearing checking accounts, savings accounts, certificates of deposit, individual retirement accounts, and safe deposit services. It also provides online banking, automated teller machines, and consumer and business related services. In addition, it offers investment services, including annuities, securities, mutual funds, and discount brokerage services. As of May 14, 2008, the company operated eight banking offices and two mortgage loan production offices in Snohomish, North King, and Pierce counties. City Bank was founded in 1973 and is headquartered in Lynnwood, Washington. With 15.73 million shares outstanding and 2.83 million shares declared short as of July 2008, there is a failure to deliver in shares of CTBK. According to quarterly data provided by the SEC, there were still 13,815 shares of CTBK that were failing-to-deliver as of September 26, 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 on Ascent Solar Technologies Inc (ASTI) click here. Ascent Solar Technologies Inc (ASTI) has Short Term PowerRatings of 4. Details on Ascent Solar Technologies Inc (ASTI) Short Term PowerRatings is available at This Link.

    


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