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BUYINS.NET: MIND, NATH, NCIT, NETL, NSTC, OPXT Have Also Been Removed From Naked Short List Today

Fri. August 29, 2008; Posted: 09:40 AM
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Aug 29, 2008 (M2 PRESSWIRE via COMTEX) -- OPXT | 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: Mitcham Industries Inc. (NASDAQ: MIND), Nathan's Famous Inc. (NASDAQ: NATH), NCI Inc. (NASDAQ: NCIT), NetLogic Microsystems Inc. (NASDAQ: NETL), Ness Technologies Inc. (NASDAQ: NSTC), Opnext Inc. (NASDAQ: OPXT). 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.

Mitcham Industries Inc. (NASDAQ: MIND | Quote | Chart | News | PowerRating) through its subsidiaries, provides equipment leasing, sales, and service to the seismic industry worldwide. The company leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land; transition zones, such as marsh and shallow water areas; and marine areas. Its lease pool includes various equipment that are used in seismic data acquisition, including electronic components of land, transition zone, and marine seismic data acquisition systems, geophones and cables, earth vibrators, peripheral equipment, survey, and other equipment. The company also sells equipment, consumables, systems integration, engineering hardware, and software maintenance support services to the seismic, hydrographic, oceanographic, environmental, and defense industries in southeast Asia and Australia. In addition, it designs, manufactures, and sells various proprietary products for the seismic, hydrographic, and offshore industries. The company's proprietary products include GunLink seismic source acquisition and control systems, which are designed to provide operators of marine seismic surveys precise control of energy sources; and the BuoyLink GPS tracking system used to provide precise positioning of seismic sources and streamers. It offers seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies, and universities. The company was founded in 1987 and is headquartered in Huntsville, Texas. With 9.8 million shares outstanding and 898,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of MIND. According to quarterly data provided by the SEC, there were still 80,661 shares of MIND that were failing-to-deliver as of August 17, 2007.

Nathan's Famous Inc. (NASDAQ: NATH | Quote | Chart | News | PowerRating) together with its subsidiaries, operates and franchises a chain of retail fast food restaurants. The company operates its restaurants under the Nathan's, Arthur Treachers Fish-n-Chips, Kenny Rogers Roasters, and Miami Subs names. As of March 30, 2008, it operated 322 franchised or licensed units and 6 company-owned units located in 22 states and 11 foreign countries. The company, formerly known as Nathan's Famous Holding Corporation, was founded in 1916 and is based in Westbury, New York. With 6.18 million shares outstanding and 13,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of NATH.

NCI Inc. (NASDAQ: NCIT | Quote | Chart | News | PowerRating) provides information technology services and solutions. It engages in designing, implementing, maintaining, and upgrading secure information technology systems and networks. The company offers network engineering services, which include architecture development and design; protocol and topology selection; disaster response planning and recovery; reliability and contingency assessment; installation, test, and evaluation; requirements analysis; network configuration; routing design; network security evaluation; and vulnerability assessment. It also provides information assurance services, such as intrusion detection system/intrusion prevention development, public key infrastructure implementation, certification and accreditation, risk and threat assessment, policy and procedures development, security awareness and training, products evaluation and integration, and security test and evaluation. In addition, NCI offers systems engineering and integration services, including database design; legacy system integration; enterprise portal implementation; project planning and management; integration, test, and evaluation; and requirements definition. Further, the company provides enterprise systems management services comprising applications support, network performance evaluation, infrastructure operation and management, network upgrade assessment, intrusion detection and response, and telecommunications support and help desk. Additionally, it offers engineering and logistics services consisting of engineering capabilities, software development, and simulation-based design tools; medical transformation/health IT services ranging from help desk support, to strategic planning; and distance learning and training services, including learning strategy consulting, courseware development, and training outsourcing. NCI serves the federal government defense, intelligence, and civilian agencies. The company was founded in 1989 and is headquartered in Reston, Virginia. With 13.35 million shares outstanding and 510,600 shares declared short as of July 2008, there is no longer a failure to deliver in shares of NCIT.

NetLogic Microsystems Inc. (NASDAQ: NETL | Quote | Chart | News | PowerRating) a fabless semiconductor company, designs, develops, and markets processors and integrated circuits. The company offers knowledge-based processors, physical layer products, and network search engine products for systems used in the Internet infrastructure, including the enterprise, metro, access, edge, and core networking markets. Its products are deployed in routers, switches, wireless infrastructure equipment, network security appliances, datacenter servers, network access equipment, and network storage devices to accelerate the delivery of voice, video, data, and multimedia content for enterprise, datacenter, communication, and mobile wireless networks. NetLogic Microsystems sells products to original equipment manufacturers through its direct sales force and independent sales representatives primarily in the United States, Asia, and Europe. The company was founded in 1995 and is headquartered in Mountain View, California. With 21.4 million shares outstanding and 10.27 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of NETL. According to quarterly data provided by the SEC, there were still 88,151 shares of NETL that were failing-to-deliver as of September 27, 2007.

Ness Technologies Inc. (NASDAQ: NSTC | Quote | Chart | News | PowerRating) along with its subsidiaries, provides information technology services and end-to-end business solutions in North America, Europe, and Asia. The company offers software product development services, which include analysis, architecture and designing, coding, testing and quality assurance, release automation, maintenance, professional services, support, porting, and migration. It also offers various information technology services to customers in the area of system integration, application development, and consulting, including enterprise resource planning and customer relationship management solutions; enterprise application integration solutions; command and control and real-time systems; geographic information systems; telecommunications systems; business intelligence and data warehousing solutions; proprietary and turnkey solutions; strategic consulting services; and quality assurance, testing, user interface engineering, training, and user assimilation services. In addition, it markets and sells enterprise software licenses of third-party software vendors to corporate customers, as well as offers implementation, customization, and support services related to licenses. The company serves high-tech companies and independent software vendors, financial service, defense, homeland security and government, life sciences and healthcare, telecommunications, and utilities industries. It has strategic alliances with EMC Documentum, IBM, Microsoft, Oracle, Hewlett-Packard, and SAP. Ness Technologies, Inc. was founded in 1999 and is based in Tel Aviv, Israel. With 39.21 million shares outstanding and 3.32 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of NSTC.

Opnext Inc. (NASDAQ: OPXT | Quote | Chart | News | PowerRating) together with its subsidiaries, engages in the design, development, manufacture, and distribution of optical modules and components that transmit and receive data delivered via light in telecommunications and data communications applications. The company offers 10Gbps and 40Gbps transceiver modules, including tunable transceivers; a line of 2.5Gbps and lower speed SFP transceiver modules; products for product platforms, such as SFP+, 40GbE, 100Gbps, XLMD, and XMD; communications laser diode products that include DFB lasers and EA-DFB lasers; avalanche photodiodes; and photodetectors. It also provides transmit and receive optical modules and components; transport and routers; multi-service switches and access multiplexers; switches and routers; servers; and hubs and switches. In addition, the company offers lasers and infrared LEDs for industrial and commercial markets, which include visible lasers for applications, such as laser printing, industrial barcode scanning, medical imaging, and professional contractor tools; lasers for scientific measurement, night vision, and other infrared applications; and infrared LEDs for sensors used in robotics and other industrial applications. It serves telecommunications and data communications markets, which include network systems vendors; and companies that design and manufacture laser-based products, including medical and scientific systems, industrial bar code scanners, professional grade construction and surveying tools, gun sights and other security equipment, sensors for robotics and industrial automation, and printing engines for high-speed laser printers and plain paper copiers. The company was founded in 2000 and is based in Eatontown, New Jersey. With 64.62 million shares outstanding and 1.55 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of OPXT. According to quarterly data provided by the SEC, there were still 50,661 shares of OPXT 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 MIND click here.

    


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