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BUYINS.NET: OSTK, LPHI, SMTK, ADRM, GBGD, IRBL Have Also Been Removed From Naked Short List Today

Thu. September 04, 2008; Posted: 10:37 AM
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Sep 04, 2008 (M2 PRESSWIRE via COMTEX) -- SMTK | 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: Overstock.com Inc. (NASDAQ: OSTK), Life Partners Holdings Inc (NASDAQ: LPHI), Simtek Corp. (NASDAQ: SMTK), Aduromed Industries Inc. (OTCBB: ADRM), Global Gold Corp. (OTCBB: GBGD), Inrob Tech Ltd. (OTCBB: IRBL). 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.

Overstock.com Inc. (NASDAQ: OSTK | Quote | Chart | News | PowerRating) operates as an online closeout retailer that offers discount brand-name merchandise. Its merchandise offerings include bed-and-bath goods, home decor, kitchenware, watches, jewelry, electronics and computers, sporting goods, apparel, and designer accessories. The company also sells books, magazines, CDs, DVDs, videocassettes, and video games. In addition, it offers an online auction service, which acts as an online marketplace for buying and selling goods and services, as well as for listing cars for sale. Overstock.com, Inc. offers its products and services through its Web site, overstock.com. The company was founded as D2?Discounts Direct in 1997 and changed its name to Overstock.com, Inc. in 1999. Overstock.com is headquartered in Salt Lake City, Utah. With 22.74 million shares outstanding and 5.16 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of OSTK. According to quarterly data provided by the SEC, there were still 268,072 shares of OSTK that were failing-to-deliver as of September 28, 2007.

Life Partners Holdings Inc (NASDAQ: LPHI | Quote | Chart | News | PowerRating) through its subsidiary, Life Partners, Inc., operates as a financial services company that provides purchasing services for life settlements in the United States. The company facilitates life settlement transactions by identifying, examining, and purchasing the policies as an agent. Its financial transactions involve the purchase of life insurance policies at a discount to their face value for investment purposes. The purchasers of life settlements include high net worth individuals and institutional purchasers. The company was founded in 1971 and is based in Waco, Texas. With 11.89 million shares outstanding and 1.41 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of LPHI. According to quarterly data provided by the SEC, there were still 295,544 shares of LPHI that were failing-to-deliver as of September 28, 2007.

Simtek Corp. (NASDAQ: SMTK | Quote | Chart | News | PowerRating) a fabless semiconductor company, designs and markets high-speed, re-programmable, and nonvolatile semiconductor memory products. It offers 16, 64, and 256-kilobit and 1-megabit nonvolatile static random access memory products, which consist of nonvolatile memories that combine static random access memory and nonvolatile elements within memory cell on a single silicon chip. The company's products are used in various systems, including RAID servers, industrial automation, GPS navigational systems, robotics, medical instrumentation, and networking and telecommunications equipment. Simtek Corporation sells its products primarily in the United States, Europe, and Asia/Pacific. The company was founded in 1986 and is headquartered in Colorado Springs, Colorado. With 16.55 million shares outstanding and 4,100 shares declared short as of July 2008, there is no longer a failure to deliver in shares of SMTK. According to quarterly data provided by the SEC, there were still 31,533 shares of SMTK that were failing-to-deliver as of August 9, 2007.

Aduromed Industries Inc. (OTCBB: ADRM | Quote | Chart | News | PowerRating) through its subsidiary, Aduromed Corporation, engages in the design, sale, installation, and servicing of on site turnkey systems to treat regulated medical waste. It provides MedClean series systems as solutions to incineration or off-site hauling of untreated medical waste, and to various other alternative treatment technologies and methodologies. The company's MedClean system employs various equipment and machinery, including an autoclave vessel to sterilize the medical waste; a shredding device, the MedClean Shredder, to convert sterilized waste material into confetti-like material qualifying the end product as municipal solid waste; an AutoTouch control station with software and hardware components that integrate and bundle operating and data recording functions into a system for conversion and disposal of medical waste; a material transporter to mechanically transport the processed waste from shredder to the municipal solid waste compacting dumpster; and a QuietCart transport cart system to facilitate containerization of the infectious waste from generation, sterilization, processing, and return for refill. It markets its MedClean systems directly to waste generators, such as hospitals, nursing homes, clinics, medical groups, county or city health departments, laboratories, physicians, dentists, and veterinarians in private practice. The company is based in Bethel, Connecticut. With 21.89 million shares outstanding and 29,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of ADRM. According to quarterly data provided by the SEC, there were still 13,881 shares of ADRM that were failing-to-deliver as of September 28, 2007.

Global Gold Corp. (OTCBB: GBGD | Quote | Chart | News | PowerRating) engages in the exploration, development, and mining of gold, uranium, and other minerals in Armenia, Canada, and Chile. The company focuses primarily on the exploration, development, and production of gold at the Tukhmanuk property in the North Central Armenian Belt, and the Madre de Dios and Pureo properties in south central Chile. It engages in uranium exploration activities in the provinces of Newfoundland and Labrador. The company, formerly known as Triad Energy Corporation, was incorporated in 1980 and is headquartered in Greenwich, Connecticut. With 33.87 million shares outstanding and 10,200 shares declared short as of July 2008, there is no longer a failure to deliver in shares of GBGD. According to quarterly data provided by the SEC, there were still 44,350 shares of GBGD that were failing-to-deliver as of September 4, 2007.

Inrob Tech Ltd. (OTCBB: IRBL | Quote | Chart | News | PowerRating) through its subsidiaries, provides engineering products and services for the maintenance of equipment, and the integration and production of advanced wireless control solutions for unmanned ground vehicle robots for use in military and law enforcement applications and control solutions. It offers remote control systems, complete robot systems, and customized solutions. The company also provides maintenance services for laboratory equipment, including testing and measurement equipment, temperature chambers, and x-ray equipment; industrial equipment, such as balance machinery, presses, cleaning equipment, and production lines; scientific and medical equipment comprising spectrometry equipment, laser apparatuses, and analytical tools; closed circuit television systems consisting of cameras, monitors, and traverse sensors. It also offers maintenance services for optical equipment, including cameras and boroscopes; command and control equipment, such as transmission and reception systems, control systems, and robots; audio equipment comprising recording equipment, announcing systems, amplification systems, and sound systems; and various other equipment consisting of power generators, fail-safe products, projectors, and control rooms. In addition, it targets the civilian applications market, which includes solar powered equipment, as well as nuclear plant maintenance, inspection, and decommissioning; the demolition industry; and firefighting and rescue services. The company was founded in 1988 and is based in Las Vegas, Nevada. With 96.44 million shares outstanding and 289,200 shares declared short as of July 2008, there is no longer a failure to deliver in shares of IRBL. According to quarterly data provided by the SEC, there were still 430,612 shares of IRBL 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 2,150,000,000 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. OSTK has previously paid $21,890.00 in data fees to BUYINS.NET. LPHI has previously paid a $10,945.00 data fee to BUYINS.NET. 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 www.buyins.net Tom@buyins.net +1-800-715-9999

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 ADRM click here.

    


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