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M2 PRESSWIRE-11 May 2007-BUYINS.NET: EPL, LCC, WCI, CADX, CRLI, MGWSF Have Been Removed From Naked Short List Today(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:11052007

BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Energy Partners Ltd. (NYSE: EPL), US Airways Group Inc. (NYSE: LCC), WCI Communities Inc. (NYSE: WCI), Cadence Pharmaceuticals Inc. (NASDAQ: CADX), Circuit Research Labs Inc. (OTCBB: CRLI), Megawest Energy Corp. (OTCBB: MGWSF). 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.

Energy Partners Ltd. (NYSE: EPL) engages in the exploration and production of oil and natural gas in the United States. It primarily focuses on the areas of Gulf of Mexico Shelf and the deepwater Gulf of Mexico, as well as the Gulf Coast onshore region. As of December 31, 2006, the company had interests in 46 producing fields and 6 fields under development. It had estimated proved reserves of approximately 170.1 billion cubic feet of natural gas and 29.9 million barrels of oil, as of the above date. Energy Partners was founded in 1998 and is based in New Orleans, Louisiana. With 40.22 million shares outstanding and 3.75 million shares declared short as of April 2007, there is no longer a failure to deliver in shares of EPL.

US Airways Group Inc. (NYSE: LCC) provides air transportation for passengers and cargo. It operates approximately 4,000 flights daily to 240 communities in the United States, Canada, the Caribbean, Latin America, and Europe. As of December 31, 2006, the company operated 359 mainline jets supported by its regional airline subsidiaries and affiliates operating as US Airways Express, which operate approximately 240 regional jets and 104 turboprops. US Airways Group also operates hubs in Charlotte, North Carolina; Phoenix, Arizona; and Philadelphia, Pennsylvania; with secondary hub/focus cities in Las Vegas, Pittsburgh, Boston, New York, and Washington. The company was founded in 1981 and is headquartered in Tempe, Arizona. With 91.42 million shares outstanding and 5.39 million shares declared short as of April 2007, there is no longer a failure to deliver in shares of LCC.

WCI Communities Inc. (NYSE: WCI) together with its subsidiaries, operates as an integrated homebuilding and real estate services company. The company's activities primarily include single- and multi-family (traditional) homebuilding, and mid- and high-rise (tower) homebuilding, as well as the provision of real estate services primarily in Florida. It designs, constructs, and operates leisure-oriented and master-planned communities; and designs, builds, and sells traditional homes serving primary, second, and retirement home buyers. WCI Communities also designs, builds, and sells luxury residential towers and condominium hotels targeted to primary and affluent, leisure-oriented home purchasers. Its real estate services include realty brokerage, title insurance and closing services, and mortgage banking services. In addition, the company develops and operates amenity facilities, sells selected land parcels, and enters into real estate joint ventures. WCI Communities also has operations in New York, New Jersey, Connecticut, Massachusetts, Virginia, and Maryland. As of December 31, 2006, it had 79 locations where it builds single-family and multi-family homes or mid-rise and high-rise residential units, or operating amenity facilities. The company was founded in 1946 and is headquartered in Bonita Springs, Florida. With 41.97 million shares outstanding and 14.88 million shares declared short as of April 2007, there is no longer a failure to deliver in shares of WCI.

Cadence Pharmaceuticals Inc. (NASDAQ: CADX) a biopharmaceutical company, focuses on the in-licensing, development, and commercialization of product candidates principally for use in the hospital setting in the United States and Europe. It has two Phase III products in development, including IV APAP for the treatment of acute pain and fever; and Omigard for the prevention of intravascular catheter-related infections. Cadence Pharmaceuticals, formerly known as Strata Pharmaceuticals, Inc., was founded in 2004 and is headquartered in San Diego, California. With 29.09 million shares outstanding and 606,200 shares declared short as of April 2007, there is no longer a failure to deliver in shares of CADX.

Circuit Research Labs Inc. (OTCBB: CRLI) engages in the development, manufacture, and marketing of audio processing and transmission encoding equipment for the radio, television, Internet, and professional audio markets worldwide. Its product lines control the audio quality and range of radio, television, cable, and Internet audio reception, and allow radio and television stations to broadcast in mono and stereo. The company primarily offers FM series, AM series, and television series products. The company manufactures and markets audio processing equipment, primarily using digital technology, under the Orban, Optimod, Audicy and Opticodec names. It also manufactures and markets audio processing equipment, primarily using analog technology, under the names of CRL, Millennium, TVS, and Amigo names. Circuit Research Labs was founded by Gary D. Clarkson and Ronald R. Jones in 1974. The company is headquartered in Tempe, Arizona. With 8.65 million shares outstanding and 30,000 shares declared short as of April 2007, there is no longer a failure to deliver in shares of CRLI.

Megawest Energy Corp. (OTCBB: MGWSF) through its wholly-owned subsidiary MegaWest Energy USA Corp. ("MegaWest USA") has acquired all of the issued and outstanding membership units of Trinity Sands Energy LLC, a Delaware limited liability company ("TSE") for a consideration of $200,000 USD plus the issuance of 95,000 Exchange Shares of MegaWest USA; each Exchange Share may be exchanged for $10 USD cash or 100 common shares of MegaWest during the period January 1, 2008 to July 31, 2008. After July 31, 2008, the company may compel the holders of Exchange Shares to convert their Exchange shares to common shares of MegaWest at the same 1 for 100 ratio. The assets of TSE consist of a 50 working interest in 14,948 net mineral acres in Edwards County, Texas and an Earn-In Agreement to increase said working interest to 66.67; Earn-In Agreements whereby TSE may earn up to a 66.67 working interest in an additional 13,348 net mineral acres in Edwards County; and 7.5 million common shares of Energy Finders, Inc. With 66.31 million shares outstanding and 400 shares declared short as of April 2007, there is no longer a failure to deliver in shares of MGWSF.

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 1,350,000,000 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, www.buyins.netTel: +1 800 715 9999e-mail: Tom@buyins.net

((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data prepared 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)).

 

 

 
 
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