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BUYINS.NET: FIG, LEE, GEOY, TITN, NRDS, ATDVF Have Been Added To Naked Short List Today

Wed. September 24, 2008; Posted: 09:22 AM
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Sep 24, 2008 (M2 PRESSWIRE via COMTEX) -- TITN | 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: Fortress Investment Group LLC (NYSE: FIG), Lee Enterprises Inc. (NYSE: LEE), GeoEye Inc. (NASDAQ: GEOY), Titan Machinery Inc. (NASDAQ: TITN), Nord Resources Corp. (OTCBB: NRDS), Austin Developments Corp. (OTC: ATDVF). 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.

Fortress Investment Group LLC (NYSE: FIG | Quote | Chart | News | PowerRating) is a publicly owned investment management firm. The firm provides its services to pension funds, endowments and foundations, financial institutions, funds of funds and high net worth individuals. It manages hedge funds and publicly traded alternative investment vehicles. The firm invests in the public equity, fixed income, and alternative investment markets of the United States and across the globe. Fortress Investment Group was founded in 1998 and is based in New York City with additional offices in Dallas, Texas; San Diego, California; Hong Kong; London, United Kingdom; Rome, Italy; Frankfurt, Germany; Geneva, Switzerland; Toronto, Canada; and Sydney, Australia. With 406.68 million shares outstanding and 11.85 million shares declared short as of September 2008, there is a failure to deliver in shares of FIG. According to quarterly data provided by the SEC, there were still 948,471 shares of FIG that were failing-to-deliver as of August 21, 2007.

Lee Enterprises Inc. (NYSE: LEE | Quote | Chart | News | PowerRating) publishes daily newspapers, weekly newspapers, and specialty publications in the United States. It provides local news, information, and advertising primarily in midsize markets, through 51 daily newspapers, as well as offers approximately 300 weekly newspapers and specialty publications in 23 states. The company also offers online services, including Web sites supporting its daily newspapers and other publications, and advertising services. In addition, it provides online infrastructure for approximately 1,500 daily and weekly newspapers and shoppers; and has minority investment in a company, which provides online editorial content and transactional and promotional opportunities. Further, Lee Enterprises has a joint interest in five newspapers. The company has a strategic alliance with Yahoo!, Inc. Lee Enterprises was founded in 1890 and is based in Davenport, Iowa. With 45.07 million shares outstanding and 16.78 million shares declared short as of September 2008, there is a failure to deliver in shares of LEE. According to quarterly data provided by the SEC, there were still 815,260 shares of LEE that were failing-to-deliver as of June 3, 2008.

GeoEye Inc. (NASDAQ: GEOY | Quote | Chart | News | PowerRating) together with its subsidiaries, provides space-based, and aerial imagery and geospatial information. The company, through an integrated receiving, processing, and distribution network, delivers high-resolution and low-resolution imagery, imagery-derived products, and image processing services to customers worldwide. Its imagery information products enable customers to map, measure, and monitor the earth for intelligence gathering, precision mapping, construction planning, and environmental monitoring applications, as well as provide image-derived geospatial intelligence, image processing, and photogrammetry services. GeoEye owns and operates the IKONOS high resolution and OrbView-2 low-resolution satellites; two airplanes with digital and light detection radar (LiDAR) cameras; and develops a new satellite, GeoEye-1. It operates image production and exploitation facilities located at Dulles, Virginia, Thornton, Colorado, and Mission, Kansas, as well as a satellite image processing facility in St. Louis, Missouri. The company also has remote access to a ground station in Sweden. GeoEye primarily serves national security community, strategic partners, resellers, and commercial customers. The company was founded in 1991 and is headquartered in Dulles, Virginia. With 18 million shares outstanding and 3.92 million shares declared short as of September 2008, there is a failure to deliver in shares of GEOY. According to quarterly data provided by the SEC, there were still 400,544 shares of GEOY that were failing-to-deliver as of October 3, 2007.

Titan Machinery Inc. (NASDAQ: TITN | Quote | Chart | News | PowerRating) owns and operates a network of full service agricultural and construction equipment stores in North America. It operates as the retail dealer of Case IH Agriculture equipment and a retail dealer of New Holland agriculture, case construction, and construction equipment in the United States. The company also sells and rents agricultural and construction equipment; sells maintenance and replacement parts; and provides repair and maintenance services. It sells and services various agricultural equipment, including application equipment and sprayers, combines and attachments, hay and forage equipment, planting and seeding equipment, precision farming technology, tillage equipment, and tractors for large-scale farming, home, and garden use. The company also offers construction equipment, such as articulated trucks, compact track loaders, compaction equipment, cranes, crawler dozers, excavators, forklifts, loader/backhoes, loader/tool carriers, motor graders, skid steer loaders, telehandlers, and wheel loaders for commercial and residential construction, road and highway construction, and mining applications. Its customers include farmers, construction contractors, public utilities, municipalities, and maintenance contractors. As of January 31, 2008, the company operated 39 full service agricultural and construction equipment stores, as well as 2 outlet stores in North Dakota, Minnesota, Iowa, and South Dakota. Titan Machinery, Inc. was founded in 1980 and is headquartered in Fargo, North Dakota. With 17.64 million shares outstanding and 4.36 million shares declared short as of September 2008, there is a failure to deliver in shares of TITN. According to quarterly data provided by the SEC, there were still 53,760 shares of TITN that were failing-to-deliver as of June 24, 2008.

Nord Resources Corp. (OTCBB: NRDS | Quote | Chart | News | PowerRating) engages in the exploration and development of mineral mining properties in the United States. It owns the Johnson Camp Copper mine, which comprises two existing open pits, the Burro and the Copper Chief bulk mining pits. The company also holds options to acquire interests in two exploration projects, Coyote Springs and Texas Arizona located in Arizona. As of December 31, 2007, Johnson Camp Copper mine had 59 patented lode mining claims, 102 unpatented claims, and 617 acres of fee simple lands. The company was founded in 1971 and is based in Tucson, Arizona. With 66.66 million shares outstanding and 81,400 shares declared short as of September 2008, there is a failure to deliver in shares of NRDS. According to quarterly data provided by the SEC, there were still 3,827,793 shares of NRDS that were failing-to-deliver as of February 28, 2008.

Austin Developments Corp. (OTC: ATDVF | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, development, and production of oil and gas primarily in the United States and Canada. It holds a 50% participating interest in the Tex Flora property in Tennessee; and a 4% working interest in the recompletion of the Keseling Gas Unit II Well #1 N.E. Yorktown (Edwards Field), DeWitt County, Texas, the United States. The company also owns interests in the Provost property located in Alberta in Canada. Austin Developments Corp. is based in Vancouver, Canada. With 123.6 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of ATDVF. According to quarterly data provided by the SEC, there were still 299,809 shares of ATDVF that were failing-to-deliver as of August 14, 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. 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 ATDVF click here.

    


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