BUYINS.NET: DPGP, DSNY, INVI, PYST, RWNW, SGLS Have Also Been Removed From Naked Short List Today
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M2
09:46 a.m. 04/20/2006
Apr 20, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Denim Apparel Group, Inc. (DPGP), Destiny Media Technologies, Inc. (DSNY), Integral Vision, Inc. (INVI), Paystar Corporation (PYST), Reality Wireless Networks, Inc. (RWNW), Signature Leisure, Inc. (SGLS) . 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 .
Denim Apparel Group, Inc. (DPGP) focuses on the acquisition of high growth companies in the premium denim and high end apparel manufacturing industry. The company was founded in 1999 as Legends of the Faith, Inc. and changed its name to Kingdom Ventures, Inc. in 2002. Further, the company changed its name to Denim Apparel Group, Inc. in October 2005. Denim Apparel Group is based in Chicago, Illinois. With 51,000 shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of DPGP.
Destiny Media Technologies, Inc. (DSNY) is a leader in developing easy-to-use tools for distributing media through the internet. The company's suite of streaming and downloadable products includes: Clipstream (TM), Destiny Media Player (TM), Radio Destiny (TM), and MPE (TM). Established in 1991, the company is headquartered in Vancouver, Canada. With 40.35 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of DSNY.
Integral Vision, Inc. (INVI) engages in the development, manufacture, and marketing of microprocessor-based process monitoring and inspection systems for industrial manufacturing environments. The company's product offerings include LCI-Professional, SharpEye, ChromaSee, Lifetime Tester, and IVSee. LCI-Professional is used for detecting cosmetic and functional defects in the assembly of liquid crystal displays used in cell phones, car radios, pagers, electronic organizers, and hand-held video games. SharpEye is used in flat panel display (FPD) inspection for reflective, emissive, and transmissive display technologies that are applied in camcorders, rear projection computer monitors, digital still cameras, high definition television, projectors, video headsets, and video telephones. ChromaSee provides luminance, color matching, and defect inspections for FPD displays. Lifetime Tester evaluates changes in display luminance, color, and other performance characteristics over time. IVSee is designed for the detection of functional and cosmetic defects in LCOS, OLED, DMD, EL, HTPS, LTPS, LCD, and other emerging display technologies. The company markets its products primarily in the United States, Europe, and Asia. The company is based in Farmington Hills, Michigan. With 29.49 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of INVI.
Paystar Corporation (PYST) focuses on four business areas: cashless teller machine (CTM) services, which is managed by its wholly owned subsidiary, U.S. Cash Exchange, Inc.; wholesale carrier services, switching platforms, and software support, which is managed by other wholly owned subsidiary, SHS Communications, Inc.; Internet ATM and prepaid debit card services, managed by other wholly owned subsidiary, GLOBALCash, Inc.; and Internet kiosk services, which is managed by its other wholly owned subsidiary, PayStar InfoStations, Inc. The company currently manages approximately 607 CTM units and holds in inventory another 427 units. These units provide individuals the mechanism to use their bank debit card to obtain on-the-spot scrip to purchase items and to obtain cash for use in various retail stores using funds from their bank savings or checking accounts for a fee. Generally, the scrip machines are located in convenience and liquor stores, fast food and other restaurants, gas stations, video and entertainment facilities, and other high traffic merchant locations throughout the United States. Paystar currently has Internet kiosks installed and operating in several major cities and locations throughout the country, including airports in Seattle, Portland, Cincinnati, and Denver. The company markets its services through trade shows and trade magazines to the prepaid market, cellular, public, and private telephone companies. With 37.62 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of PYST.
Reality Wireless Networks, Inc. (RWNW) does not have significant operations. It intends to complete a reverse merger with Genesis Electronics, Inc. Previously, the company provided fixed, wireless, high-speed, and broadband Internet access to residential homes and small businesses in northern California. Reality Wireless Networks is based in Gig Harbor, Washington. With 385.19 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of RWNW.
Signature Leisure, Inc. (SGLS) through its wholly owned subsidiary Parker Productions, Inc., operates as a modeling, event staffing, and promotions company. The company also sells motor vehicles. It specializes in both retail and wholesale sales of preowned cars, trucks, and sports utility vehicles. The company was incorporated as JDLPhotos.com, Inc. in 2000 and changed its name to Valde Connections, Inc. in February 2003. Further, Valde Connections changed its name to Signature Leisure, Inc. in August 2003. Signature Leisure is based in Maitland, Florida. With 100.14 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of SGLS.
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 700,000,000 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.
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