Pegasus Wireless Corp. (fka PGSW)

[svvsone]

BUYINS.NET: PGSW, WLGC Have Been On BUYINS.NET Naked Short List For 13 [HGSBXDG]

Sep 25, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced
today that these select companies have been on the NASDAQ, AMEX and NYSE naked
short threshold list for 13 consecutive trading days: Pegasus Wireless Corp.
(OTCBB: PGSW), WordLogic Corp. (OTCBB: WLGC). 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.

Regulation SHO took effect January 3, 2005, and provides a new regulatory
framework governing short selling of securities. It was designed with the
objective of simplifying and modernizing short sale regulation and providing
controls where they are most needed. At the conclusion of each settlement day,
data is provided on securities in which: 1) there are at least 10,000 shares in
aggregate failed deliveries for the security for five consecutive settlement
days, and 2) these failures constitute at least 0.5% of the issuer's total
shares outstanding. Regulation SHO mandates that, if a clearing agent has had a
fail-to-deliver position for 13 consecutive settlement days, that clearing
agent, and the broker/dealer it clears for, must purchase securities to close
out its fail to deliver position.

Pegasus Wireless Corp. (OTCBB: PGSW) engages in design, manufacture, and
marketing of wireless hardware and software solutions for broadband fixed,
portable networking, and Internet access worldwide. It offers various products
in three application areas: indoor and outdoor wireless networking, industrial
wireless networking solutions, and wireless multimedia/video networking
solutions. The company offers TRIMAR and AVCW series of outdoor wireless
Ethernet bridge products, which are used by Internet service providers to offer
Internet access to their customers wirelessly. The AVCW series of products are
also used by business customers and schools to interconnect computer networks in
various buildings. Pegasus Wireless also offers ASR and ACR indoor wireless
products, which are used in the wireless local area networks by office and home
users to interconnect computers without having to deploy cables. ASR and ACR
indoor wireless products are also used to enable wireless printing, connecting
computers, and network printers. In addition, it offers WiSER series wireless
serial radios that are used by teachers in schools to wirelessly interconnect
interactive whiteboards to the computers in the classrooms, as well as used by
industrial users to connect central control computer to the remote data
collecting and sensing devices; and CynaLynx, which plays DVD movies wirelessly.
Further, the company offers WiJET series of products that are used by presenters
in a business meeting or teachers in the classroom to deliver their PowerPoint
slide shows to the audience with their computers wirelessly connected to the
projector; and enable home users to deliver movie files stored on their computer
hard drives to an liquid crystal display or plasma flat panel television
wirelessly. Pegasus Wireless Corp. is headquartered in Fremont, California. With
34.61 million shares outstanding and 466,800 shares declared short as of August
2007, the failure to deliver in shares of PGSW has not been resolved and a
buy-in is imminent.

WordLogic Corp. (OTCBB: WLGC) is a technology company that delivers predictive
interface solutions for computing devices ranging from small hand-held devices
-- such as PDAs, smart phones, GPS, laptops, Tablet PCs, and conventional
desktop computers. Incorporated in the United States, the company's research,
testing and marketing facilities are located in Canada. With 24.61 million
shares outstanding and 40,700 shares declared short as of August 2007, the
failure to deliver in shares of WLGC has not been resolved and a buy-in is
imminent.

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
1,550,000,000 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: [phone] e-mail:
[e-mail] 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
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25Sep07 13:37 GMT
Symbols:
de;P6W de;P6WF de;P6WX us;PGSW us;PGWC us;WLGC
Source CTX Comtex Scientific
Categories:
MTO/MKT REV5 TGT/CTX