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BUYINS.NET: CT, WHI, CPHL, MIDD, BVSN, ORXGF Have Been Added To Naked Short List Today

Mon. September 29, 2008; Posted: 04:02 AM
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Sep 29, 2008 (M2 PRESSWIRE via COMTEX) -- WHI | 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: Capital Trust Inc. (NYSE: CT), W Holding Company Inc. (NYSE: WHI), Castlepoint Holdings Ltd. (NASDAQ: CPHL), Middleby Corp. (NASDAQ: MIDD), BroadVision Inc. (OTCBB: BVSN), Orca Exploration Group, Inc. (OTC: ORXGF). 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.

Capital Trust Inc. (NYSE: CT | Quote | Chart | News | PowerRating) operates as a real estate investment trust in the United States. It specializes in originating and managing credit sensitive structured financial products. The company makes investments for its own account, as well as manages a series of private equity funds on behalf of institutional and individual investors. Its investment program focuses on structured commercial real estate debt investments, including B Notes, subordinate CMBS, corporate mezzanine loans, first mortgage loans, and property mezzanine loans. The company also finances single properties, multiple property portfolios, and operating companies. It has elected to be taxed as a real estate investment trust and would not be subject to federal income tax, if it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1966 and is headquartered in New York, New York. With 22.09 million shares outstanding and 5.62 million shares declared short as of September 2008, there is a failure to deliver in shares of CT. According to quarterly data provided by the SEC, there were still 363,497 shares of CT that were failing-to-deliver as of June 30, 2008.

W Holding Company Inc. (NYSE: WHI | Quote | Chart | News | PowerRating) operates as the holding company for Westernbank Puerto Rico, which offers business and consumer financial services in Puerto Rico, the United States. It accepts time deposits, savings deposits, and interest and non-interest bearing demand deposits. The company's loan portfolio includes commercial real estate mortgage, residential real estate mortgage, construction mortgage, and consumer and others loans, as well as commercial, industrial, and agricultural loans. The company, through its other subsidiaries, offers investment, trust, brokerage, and treasury services. In addition, W Holding Company, through its subsidiary, operates as a general insurance agent, providing property, casualty, life, and disability insurance. As of December 31, 2006, the bank operated 56 bank branches, including 33 in the western and southwestern regions, 14 in the San Juan metropolitan area, 7 in the Northeastern region, and 2 in the Eastern region in Puerto Rico, as well as offers its services through online. The company was founded in 1958 and is headquartered in Mayaguez, Puerto Rico. With 164.9 million shares outstanding and 13.37 million shares declared short as of September 2008, there is a failure to deliver in shares of WHI. According to quarterly data provided by the SEC, there were still 2,768,348 shares of WHI that were failing-to-deliver as of December 10, 2007.

Castlepoint Holdings Ltd. (NASDAQ: CPHL | Quote | Chart | News | PowerRating) through its subsidiaries, provides property and casualty insurance, and reinsurance business solutions, products, and services primarily to small insurance companies and program underwriting managers in the United States. Its product lines include commercial package, fire, and allied lines; commercial general liability; workers compensation; homeowners and personal dwellings; professional liability; commercial and personal inland marine; and commercial and personal automobile insurance. The company offers reinsurance solutions, including quota share reinsurance, property and casualty per risk excess of loss reinsurance, property catastrophe excess of loss reinsurance, property aggregate excess of loss reinsurance, and property surplus share reinsurance. It also provides various insurance risk-sharing solutions to insurance companies and program underwriting managers, as well as unbundled insurance services, including claims handling and administration, insurance technology services, policy administration services, and insurance consulting services. CastlePoint Holdings was incorporated in 2005 and is based in Hamilton, Bermuda. With 38.31 million shares outstanding and 1.67 million shares declared short as of September 2008, there is a failure to deliver in shares of CPHL. According to quarterly data provided by the SEC, there were still 1,361,690 shares of CPHL that were failing-to-deliver as of August 15, 2007.

Middleby Corp. (NASDAQ: MIDD | Quote | Chart | News | PowerRating) engages in the design, manufacture, and sale of commercial foodservice and food processing equipment. It offers commercial foodservice equipment, including convection ovens, conveyor ovens, baking ovens, proofers, broilers, fryers, combi-ovens, charbroilers, steam equipment, pop-up and conveyor toasters, steam cooking equipment, food warming equipment, griddles, ventless cooking systems, coffee brewers, tea brewers, and beverage dispensing equipment. The company offers its commercial foodservice equipment to various foodservice operations, such as quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. The Middleby Corporation also provides food processing equipment, such as breading, battering, mixing, forming, and slicing machines, which are marketed under the MP Equipment brand name; cooking equipment, including batch ovens, belt ovens, and conveyorized cooking systems that are marketed under the Alkar brand name; and packaging and food safety equipment product line, which are marketed under the Rapidpak brand name. It offers its food processing equipment to the large international food processing companies. In addition, the company provides sales, technical service, and distribution services for the commercial foodservice industry. The Middleby Corporation sells and supports its foodservice equipment products primarily in Asia, Europe, Latin America, China, India, Lebanon, Mexico, the Philippines, Russia, Spain, South Korea, Sweden, Taiwan, and the United Kingdom. The company was founded in 1888 under the name Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation is based in Elgin, Illinois. With 17 million shares outstanding and 5.58 million shares declared short as of September 2008, there is a failure to deliver in shares of MIDD. According to quarterly data provided by the SEC, there were still 315,422 shares of MIDD that were failing-to-deliver as of May 13, 2008.

BroadVision Inc. (OTCBB: BVSN | Quote | Chart | News | PowerRating) develops, markets, and supports enterprise portal applications. Its applications enable companies to unify their e-business infrastructure and conduct both interactions and transactions with employees, partners, and customers through a personalized self-service model. The company's solutions include business agility suite, which enables interaction with visitors through personalized views of information, resources, and business processes stored in diverse internal and external legacy information systems. The company also offers commerce agility suite that allows businesses to manage business-to-business and business-to-consumer channels through a single solution; OnDemand solution that provides visibility and agility for various members of organizations to collaborate; and QuickSilver, which provides features for creation and publishing of documents supporting multiple output formats, including HTML, PDF, and Postscript. In addition, BroadVision offers application services, including Commerce Services to display product offerings and transact business on Web sites; Portal Services to provide end users with a personalized and intuitive navigation as they interact with business; Process Services that extend Web capabilities and transforms processes and collaborations into Web-based self-service applications; and Content Services to manage Web content. Further, the company provides Staging Services to simplify the process of moving content from multiple systems to the production environment; eMerchandising to create, manage, and implement sales discounts while maintaining oversight over profitability; and Search that provides text and field searching of online content. BroadVision serves financial services, government, healthcare, manufacturing, retail, and telecommunications industries in North and South America, Europe, Asia Pacific, and the Middle East. The company was founded in 1993 and is headquartered in Redwood City, California. With 109.49 million shares outstanding and 3.15 million shares declared short as of September 2008, there is a failure to deliver in shares of BVSN. According to quarterly data provided by the SEC, there were still 2,505,290 shares of BVSN that were failing-to-deliver as of December 8, 2006.

Orca Exploration Group, Inc. (OTC: ORXGF | Quote | Chart | News | PowerRating) engages in the exploration, development, and production petroleum and natural gas in Tanzania and Uganda. It operates six producing wells and two 35mmscf/d dehydration and refrigeration gas processing units at the Songo Songo gas field located in Songo Songo Island in Tanzania. The company also holds right to explore, develop, produces, and market the Additional Gas to industrial and utility customers in Dar es Salaam. In addition, it has an option to acquire a 50% working interest in Exploration Area 5 in Uganda. The company was incorporated in 2004. It was formerly known as EastCoast Energy Corporation and changed its name to Orca Exploration Group, Inc. in 2007. The company is based in Dar es Salaam, Tanzania. With 27.88 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of ORXGF. According to quarterly data provided by the SEC, there were still 98,300 shares of ORXGF that were failing-to-deliver as of April 20, 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 BVSN click here.

    


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