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BUYINS.NET: SSBX, TRMP, IWEB, NPWS, WNWG, PEDI Have Also Been Removed From Naked Short List Today

Tue. September 23, 2008; Posted: 09:44 AM
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Sep 23, 2008 (M2 PRESSWIRE via COMTEX) -- WNWGE | 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: Silver State Bancorp (OTC: SSBX), Trump Entertainment Resorts Inc. (NASDAQ: TRMP), IceWEB Inc. (OTCBB: IWEB), Neah Power Systems Inc. (OTCBB: NPWS), Wentworth Energy Inc. (OTCBB: WNWG), PrimEdge, Inc. (OTC: PEDI). 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.

Silver State Bancorp (OTC: SSBX | Quote | Chart | News | PowerRating) operates as the holding company for Silver State Bank, which offers commercial and consumer banking services in Nevada and the Phoenix/Scottsdale market area. Its deposit products include checking, money market, savings, NOW, and individual retirement accounts, as well as certificates of deposit. The company's loan portfolio comprises construction and land loans, commercial real estate loans, commercial and industrial loans, SBA loans, residential real estate loans, and consumer loans. As of April 3, 2008, Silver State Bancorp operated 13 full service branches in southern Nevada and 3 full service branches in the Phoenix/Scottsdale market area. It also operates loan production offices located in Nevada, California, Washington, Oregon, Utah, Colorado, and Florida. Silver State Bancorp was founded in 1996 and is headquartered in Henderson, Nevada. With 15.14 million shares outstanding and 1.52 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of SSBX. According to quarterly data provided by the SEC, there were still 14,245 shares of SSBX that were failing-to-deliver as of September 27, 2007.

Trump Entertainment Resorts Inc. (NASDAQ: TRMP | Quote | Chart | News | PowerRating) engages in the ownership and operation of casino hotel properties in the United States. It offers gaming, casino resort, and entertainment services. As of December 31, 2007, the company operated three casino hotel properties comprising Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino, and Trump Marina Hotel Casino in Atlantic City, New Jersey. Trump Entertainment Resorts was founded in 1995 and is based in Atlantic City, New Jersey. With 31.72 million shares outstanding and 4.02 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of TRMP. According to quarterly data provided by the SEC, there were still 40,093 shares of TRMP that were failing-to-deliver as of September 28, 2007.

IceWEB Inc. (OTCBB: IWEB | Quote | Chart | News | PowerRating) together with its subsidiaries, provides network infrastructure solutions to federal, state, and local government entities worldwide. Its computer network security products and services include firewall, intrusion detection system, and security information management system implementation and management/monitoring; load balancing and high availability solutions; wide area network optimization; user authentication; remote access control; anti-virus/anti-spam; content filtering and URL filtering; and email security. The company's online products and services include IceMAIL that provides a network-hosted groupware, email, calendaring, and collaboration solution; IcePORTAL, which enables to share and manage announcements, tasks, events/calendars, document libraries, pictures, and discussion threads through a single Web-based portal; and IceSECURE, a stand-alone hosted email encryption service. IceWEB also offers LearningStream.com, an online business education portal that offers subscription-based online classes to consumers and corporate customers, such as managers, employees, and associations. In addition, it provides Software-as-a-Service applications, including Microsoft Exchange Server, Sharepoint, BlackBerry Enterprise Server, Good Messaging Server, SPAM and Virus protection, and advanced Email Encryption services to small and medium sized businesses. Further, the company offers systems integration, network consulting, and customized software application services. IceWEB sells its products and services through direct sales force, online marketing, and channel partners. The company was founded in 2000 and is based in Herndon, Virginia. With 15.8 million shares outstanding and 3,100 shares declared short as of September 2008, there is no longer a failure to deliver in shares of IWEB. According to quarterly data provided by the SEC, there were still 27,138 shares of IWEB that were failing-to-deliver as of September 28, 2007.

Neah Power Systems Inc. (OTCBB: NPWS | Quote | Chart | News | PowerRating) through its subsidiary, Neah Power Washington, engages in the research and development of fuel cells designed to replace existing rechargeable battery technology in mobile electronic devices. Fuel cells are devices that combine a fuel with an oxidant in a chemical reaction to produce electricity. It also intends to develop prototype devices for the development of final fuel cell products; and design and distribute the fuel cartridge that its fuel cells require for refueling. Neah Power Systems has a strategic relationship with Aspen Technology, Inc. to commercialize its silicon based fuel cell systems. The company was founded in 1999 and is based in Bothell, Washington. With 119.59 million shares outstanding and 156,700 shares declared short as of September 2008, there is no longer a failure to deliver in shares of NPWS. According to quarterly data provided by the SEC, there were still 121,262 shares of NPWS that were failing-to-deliver as of September 28, 2007.

Wentworth Energy Inc. (OTCBB: WNWG | Quote | Chart | News | PowerRating) engages in the exploration, development, drilling, and production of oil and gas properties in the United States. It has oil and gas interests in Anderson County, Freestone County, Jones County, and Leon County, Texas. The company is based in Palestine, Texas. With 23.11 million shares outstanding and 216,900 shares declared short as of September 2008, there is no longer a failure to deliver in shares of WNWG. According to quarterly data provided by the SEC, there were still 77,047 shares of WNWG that were failing-to-deliver as of September 28, 2007.

PrimEdge, Inc. (OTC: PEDI | Quote | Chart | News | PowerRating) through its subsidiary, DigiKidz, Inc., engages in the development, production, distribution, and marketing of personalized DVD products for children. It offers personalized animated video adventure stories, educationally-oriented DVD for toddlers, and personalized English and Spanish language-animated stories on DVD. The company sells its products online, and through brick and mortar retail in the United States and Canada. PrimEdge was founded in 1999. It was formerly known as Bidville, Inc. and changed its name to PrimEdge, Inc. in August 2006. The company is headquartered in Boca Raton, Florida. With 95,000 shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of PEDI.

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. 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 IWEB click here.

    


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