BUYINS EXPOSES THE THIEVES!
ST. GEORGE, UT--(MARKET WIRE)--Oct 31, 2006 -- CyberKey Solutions, Inc. (Other OTC:CKYS.PK - News) wishes to inform its shareholders and the public that BUYINS.NET has determined that the total aggregate number of CyberKey shares shorted from January 2005 to October 2006 is approximately 102 million with an estimated dollar value of $2.3 million.
The SqueezeTrigger price of $0.0227 is the volume-weighted average short price of all short selling in CKYS over that period. A short squeeze began when shares of CKYS closed above $0.0227 and short sellers started losing money. To access SqueezeTrigger prices ahead of potential short squeezes visit www.buyins.net. 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.
"Short selling, especially 'naked' short selling, is a drain on the investment community and robs millions of dollars from investors. It also significantly reduces the ability of small cap companies to raise capital for their operations. By identifying the fact that there is a short position, we hope to address the issue and see a more accurate share price," stated Jim Plant, CEO of CyberKey Solutions, Inc.
CyberKey Solutions, Inc. recently announced that the Company's Board of Directors has approved a stock buyback program of up to $1 million of its common stock over the next 180 days. The share repurchase will be funded using the company's existing cash balance and future cash flows. The share repurchases will occur through open market purchases, privately negotiated transactions and/or transactions structured through investment banking institutions as permitted by securities laws and other legal means.
