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BUYINS.NET: WGW, ASYS, BITI, CAST, CTRN, ENG Have Also Been Removed From Naked Short List Today

Fri. August 29, 2008; Posted: 09:28 AM
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Aug 29, 2008 (M2 PRESSWIRE via COMTEX) -- WGW | 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: Western Goldfields Inc. (AMEX: WGW), Amtech Systems Inc. (NASDAQ: ASYS), BioImaging Technologies Inc. (NASDAQ: BITI), ChinaCast Education Corp. (NASDAQ: CAST), Citi Trends Inc. (NASDAQ: CTRN), ENGlobal Corp. (NASDAQ: ENG). 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.

Western Goldfields Inc. (AMEX: WGW | Quote | Chart | News | PowerRating) together with subsidiaries, operates as a precious metals production and exploration company in North America. It primarily explores for gold. Western Goldfields holds interest in the Mesquite mine located south of the Chocolate Mountains in Imperial County, California. The company was incorporated in 1924 as Bismarck Mining Company and changed its name to Western Goldfields, Inc. in 2002. Western Goldfields is headquartered in Toronto, Canada. With 136.23 million shares outstanding and 332,100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of WGW. According to quarterly data provided by the SEC, there were still 20,777 shares of WGW that were failing-to-deliver as of September 27, 2007.

Amtech Systems Inc. (NASDAQ: ASYS | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the design, assembly, sale, and installation of capital equipment and related consumables. It operates in two segments, Semiconductor and Solar Equipment, and Polishing Supplies. The Semiconductor and Solar Equipment segment produces and sells horizontal diffusion furnaces, small batch vertical furnaces, conveyor furnaces, and etch systems. This segment also supplies thermal processing systems, including related automation, parts, and services to the semiconductor, solar/photovoltaic, silicon wafer, and microelectromechanical system industries. The Polishing Supplies segment supplies wafer carriers to the manufacturers of silicon wafers. It also manufactures polishing templates, steel carriers, and double-sided polishing and lapping machines to fabricators of optics, quartz, ceramics, and metal parts, as well as manufacturers of medical equipment components and computer disks. In addition, Amtech Systems provides semiconductor manufacturing support services. It sells these products to manufacturers of silicon wafers, semiconductors, and solar cells primarily in the United States, Asia, and northern Europe. Amtech Systems markets its products primarily through sales personnel, as well as through a network of domestic and international independent sales representatives and distributors. The company was founded in 1981. It was formerly known as Quartz Engineering & Materials, Inc. and changed its name to Amtech Systems, Inc. in 1987. Amtech Systems is based in Tempe, Arizona. With 9.08 million shares outstanding and 516,800 shares declared short as of July 2008, there is no longer a failure to deliver in shares of ASYS. According to quarterly data provided by the SEC, there were still 12,000 shares of ASYS that were failing-to-deliver as of August 20, 2007.

BioImaging Technologies Inc. (NASDAQ: BITI | Quote | Chart | News | PowerRating) together with its subsidiaries, provides services that support the product development process of the pharmaceutical, biotechnology, and medical device industries. It provides various services, including the processing and analysis of medical images, and the data-basing and regulatory submission of medical images, quantitative data, and text. The company assists its clients in the design and management of the medical imaging component of clinical trials for various modalities, which comprise computerized tomography (CT), magnetic resonance imaging (MRI), radiography, dual energy x-ray absorptiometry, positron emission tomography, single photon emission computerized tomography, quantitative coronary angiography, cardiac MRI and CT, intravascular ultrasound, peripheral quantitative angiography, central nervous system MRI, and ultrasound. It also provides Personal Health Record software and Personal HealthKey technology that enable users to manage and store personal health information, including their medical images on the privacy of their desktop computer, while linking directly to sponsor-directed resources, such as drug information, patient education, or disease guidelines. In addition, the company provides technical consulting in the evaluation of the sites that may participate in clinical trials. It serves oncology, musculoskeletal, central nervous system, neurovascular, and cardiovascular areas. The company was founded in 1987. It was formerly known as Wise Ventures, Inc. and changed its name to Bio-Imaging Technologies, Inc. in 1991. The company is based in Newtown, Pennsylvania. With 14.25 million shares outstanding and 23,200 shares declared short as of July 2008, there is no longer a failure to deliver in shares of BITI.

ChinaCast Education Corp. (NASDAQ: CAST | Quote | Chart | News | PowerRating) provides e-learning and training services to educational institutions, government agencies, and corporate enterprises in the People's Republic of China (PRC). The company's Post Secondary Education Distance Learning Services division enables universities and other higher learning institutions to provide distance learning services. Its packages include the hardware, software, and broadband satellite network services, which allow university students located at remote classrooms around the country to interactively participate in live lectures broadcast from a main campus. This division serves 15 universities with approximately 128,000 students in 300 remote classrooms. The K-12 Educational Services division broadcasts multimedia educational content to approximately 6,500 primary, middle, and high schools in the PRC in partnership with educational content companies and educational institutions. Its educational content packages assist teachers in preparing and teaching course content. The Vocational/Career Training Services division, in partnership with various government departments and corporate enterprises, has deployed training centers in China to provide job-skills training to recent graduates, employees of state-owned enterprises, and corporate employees. The Daily English Language Training Centers division provides spoken English training to students, workers, and government/corporate customers. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China. With 27.29 million shares outstanding and 151,200 shares declared short as of July 2008, there is no longer a failure to deliver in shares of CAST. According to quarterly data provided by the SEC, there were still 35,046 shares of CAST that were failing-to-deliver as of September 28, 2007.

Citi Trends Inc. (NASDAQ: CTRN | Quote | Chart | News | PowerRating) operates as a retailer of urban fashion apparel and accessories in the United States. It offers various apparel, including dresses, sportswear, and plus-sized offerings for men and women; and apparel for infants, toddlers, boys, and girls. The company also provides accessories, such as intimate apparel, handbags, hats, jewelry, footwear, toys, belts, and sleepwear, as well as an assortment of home decor, which includes giftware, lamps, pictures, mirrors, and figurines. As of February 2, 2008, it operated 319 stores in urban and rural markets in 20 states. The company was founded in 1946 and is headquartered in Savannah, Georgia. With 14.27 million shares outstanding and 2.28 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of CTRN. According to quarterly data provided by the SEC, there were still 10,174 shares of CTRN that were failing-to-deliver as of September 26, 2007.

ENGlobal Corp. (NASDAQ: ENG | Quote | Chart | News | PowerRating) through its subsidiaries, provides engineering and professional services principally to the energy sector in the United States and internationally. The company operates through four segments: Engineering, Construction, Automation, and Land. The Engineering segment provides consulting services relating to the development, management, and execution of projects requiring professional engineering and related project services, as well as feasibility studies, engineering, design, procurement, and construction management services to the upstream, midstream, and downstream energy industries, and branches of the U.S. military. The Construction segment provides construction management personnel and services in the areas of inspection, mechanical integrity, vendor and turnaround surveillance, field support, construction, quality assurance, and plant asset management to pipeline, refining, utility, chemical, petroleum, petrochemical, oil and gas, and power industries. The Automation segment provides services related to the design, fabrication, and implementation of process distributed control and analyzer systems, advanced automation, and information technology projects to the members of the domestic and foreign energy related industries. The Land segment provides land management, right-of-way, environmental compliance, and governmental regulatory compliance services to the pipeline, utility, and telecom companies, as well as owner/operators of infrastructure facilities. ENGlobal Corporation was founded in 1994 and is based in Houston, Texas. With 27.06 million shares outstanding and 2.87 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of ENG. According to quarterly data provided by the SEC, there were still 38,528 shares of ENG 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.

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 ASYS click here.

    


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