Mar 12, 2007 (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: Nayna Networks Inc (OTCBB: NAYN), Payment Data Systems (OTCBB: PYDS), Union Dental Holdings, Inc. (OTCBB: UDHI), Lechters, Inc (OTC: LECH), Amazing Global Technologies Ltd. (OTC: AZTN), Ifinix Corp New (OTC: INXR). 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.
Nayna Networks Inc (OTCBB: NAYN) a hardware and software development company, engages in the design, development, and marketing of broadband access solutions. It offers ExpressSTREAM, a multi gigabit flagship platform for use in various applications, such as high speed Internet access, including streaming TV over the Internet. The ExpressSTREAM family includes various technologies, including digital subscriber loop, WiFI, SONET/SDH, and passive optical networking. The company's customers include carriers; cable television service providers and integrators; and municipal, defense, and enterprise networks. It markets its products through direct sales force, strategic accounts, system integrators, distributors, and original equipment manufacturers. Nayna Networks was founded in 2000 and is headquartered in Santa Clara, California. With 43.07 million shares outstanding and 52,130 shares declared short as of February 2007, there is no longer a failure to deliver in shares of NAYN.
Payment Data Systems (OTCBB: PYDS) provides integrated electronic payment processing services to merchants and businesses. Its services include automated clearinghouse processing and credit and debit card-based processing services that enable merchants or businesses to both disburse and collect funds electronically using e-checks to transfer funds instead of traditional paper checks. The company also operates an online payment processing service for consumers under the domain name, www.billx.com. In addition, it develops and markets prepaid gift cards and personal spending debit cards; and offers an Interactive voice response telephone system to companies that accept payments directly from consumers over the telephone using e-checks or credit cards. The company markets and sells the products and services to merchants, billers, banks, service bureaus, and card issuers directly and through resellers in the United States. Payment Data Systems, formerly known as Billserv, Inc., was founded in 1998 and changed its name to Payment Data Systems, Inc. in 2003. The company is headquartered in San Antonio, Texas. With 44.5 million shares outstanding and 8,716 shares declared short as of February 2007, there is no longer a failure to deliver in shares of PYDS.
Union Dental Holdings, Inc. (OTCBB: UDHI) through its subsidiaries, provides dental services for various union members in the United States. It offers its services through a network of licensed dental providers in accordance with arrangements between the company and various unions. Union Dental Holdings manages a dental practice in Coral Springs, Florida. As of December 31, 2005, the company consisted of 1,100 licensed dentists located in 12 states. Union Dental Holdings is headquartered in Coral Springs, Florida. With 47.61 million shares outstanding and 217 shares declared short as of February 2007, there is no longer a failure to deliver in shares of UDHI.
Lechters, Inc. (OTC: LECH) prior to May 2001, the company operated specialty stores. Lechters is based in Harrison, New Jersey. With 15.33 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of LECH.
Amazing Global Technologies Ltd. (OTC: AZTN) is the largest and fastest growing Oracle/JDE partner focused on the Small and Medium sized Enterprise (SME) space. The Company has close to 1000 consultants and employees in 17 countries including Australia, Azerbaijan, Brazil, Chile, Colombia, Guernsey, Italy, Kazakhstan, Latvia, Mexico, Nevis, New Zealand, Peru, Russia, Ukraine, the USA and Venezuela. With 35.03 million shares outstanding and 56,203 shares declared short as of February 2007, there is no longer a failure to deliver in shares of AZTN.
Ifinix Corp New (OTC: INXR) is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. With 25,254 shares declared short as of February 2007, there is no longer a failure to deliver in shares of INXR.
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 1,250,000,000 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.
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