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M2 PRESSWIRE-6 September 2005-BUYINS.NET: MBND, MVCO, PESI, RHEO, EGYF, MIVT Have Also Been Added To Naked Short Lists Today(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:06092005

www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists. Multiband Corp. (NASDAQ: MBND), Meadow Valley Corp. (NASDAQ: MVCO), Perma-Fix Environmental Services (NASDAQ: PESI), OccuLogix, Inc. (NASDAQ: RHEO), Energy Finders, Inc. (OTC: EGYF) and MIV Therapeutics, Inc. (OTC: MIVT). For a complete list of companies on the naked short lists please visit our web site.

Multiband Corp. (NASDAQ: MBND), through its subsidiaries, provide voice, data, and video services to business, government, and multidwelling customers in the United States. Its Multiband Consumer Services (MCS) encompasses the subsidiary corporations, such as Multiband USA, Inc., URON, Inc., Minnesota Digital Universe, Inc. (MDU), and Rainbow Satellite Group, LLC. The company, through MCS division, provides communication and entertainment services, such as local dial tone, long distance, highspeed Internet, and expanded satellite television services. As of April 1, 2005, MCS had 36,816 subscriptions, which include 1,386 voice subscriptions, 31,177 video subscriptions, and 4,253 Internet subscriptions. Multiband was formed in 1975. The company was formerly known as Vicom, Incorporated and changed its name to Multiband Corporation in 2004. Multiband is based in New Hope, Minnesota. With 29.09 million shares outstanding and 777,590 shares declared short as of August 10th, there is a failure to deliver in shares of MBND.

Meadow Valley Corporation (NASDAQ: MVCO), through its subsidiaries, engages in the provision of construction services and supply of construction materials in the United States. It operates through two segments, Construction Services and Construction Materials. The Construction Services segment constructs bridges and overpasses, channels, roadways, highways, and airport runways. It provides construction services to various public and private customers primarily in the western states of Arizona, Nevada, and Utah. The Construction Materials segment manufactures and distributes ready mix concrete, sand, and gravel products in Las Vegas, Nevada; and Phoenix, Arizona markets. Its customers include concrete subcontractors, prime contractors, homebuilders, commercial and industrial property developers, pool builders, and homeowners. Meadow was organized in 1994 and is headquartered in Phoenix, Arizona. With 3.68 million shares outstanding and 42,080 shares declared short as of August 10th, there is a failure to deliver in shares of MVCO.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI), through its subsidiaries, operates as a waste management company in the United States. The company operates in three segments: Industrial Waste Management Services (IWMS), Nuclear Waste Management Services (NWMS), and Consulting Engineering Services (CES). The IWMS segment engages in onsite and off-site treatment, storage, disposal, and processing of various by-products and industrial, hazardous, and nonhazardous wastes, as well as provides emergency response, vacuum services, and marine and industrial maintenance services. The NWMS segment provides treatment, storage, processing, and disposal services, including research, development, and onsite and off-site waste remediation of mixed waste, which consists of hazardous and low-level radioactive materials; and low-level radioactive wastes. The CES segment provides various environmental-related consulting and engineering services to industry and government sectors. These services include oversight management of environmental restoration projects, air and soil sampling, compliance reporting, surface and subsurface water treatment design for removal of pollutants, and various compliance and training activities. The company's customers comprise research institutions, commercial companies, retail companies, public utilities, and governmental agencies nationwide. Perma-Fix Environmental Services was founded in 1990 and is headquartered in Gainesville, Florida. With 41.92 million shares outstanding and 3,410 shares declared short as of August 10th, there is a failure to deliver in shares of PESI.

OccuLogix, Inc. (NASDAQ: RHEO) operates as an ophthalmic therapeutic company. The company offers treatments for eye diseases, including age-related macular degeneration (AMD). It provides RHEO System that consists of Octonova pump and disposable treatment sets to improve microcirculation in the eye by filtering high molecular weight proteins and other macromolecules from the patient's plasma. The company conducts a pivotal clinical trial, called MIRA-1 or multicenter investigation of rheopheresis for AMD for its RHEO System. OccuLogix was founded by Richard C. Davis in 1996. The company was formerly known as RheoLogix Corporation and changed its name to Vascular Sciences Corporation in 2002. Further, it changed name to OccuLogix, Inc. in 2004. OccuLogix is headquartered in Mississauga, Canada. With 15.37 million shares in its float and 2.34 million shares declared short as of August 10th, there is a failure to deliver in shares of RHEO.

Energy Finders, Inc. (OTC: EGYF) is a U.S.-based company dedicated to the goal of being a large independent in the exploration and production of oil and natural gas. The company's mission is to create value for our shareholders by applying strong technical expertise to strategies that will unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently. With approximately 175,000 shares outstanding after its forward split on September 9th and an undeclared short position, there is a failure to deliver in shares of EGYF.

MIV Therapeutics, Inc. (OTC: MIVT) is developing a next-generation line of advanced biocompatible coatings for passive and drug-eluting application on cardiovascular stents and for application on other implantable medical devices. The Company's ultra-thin coating formulation is designed primarily to protect surrounding tissue from the chemical interaction with metal stents. The Company's unique ultra-thin coating has been derived from a biocompatible material called hydroxyapatite (HAp) that during in-vivo animal trials demonstrated excellent safety and superior healing properties pursued by the science in the field of advanced implantable drug delivery systems. Hydroxyapatite is a bioactive porous material that makes up the bone mineral and matrix of teeth. It is widely used as a bone substitute material and for coating implantable fixation devices in orthopedic, dental and other applications. The Company's novel drug eluting technologies based on Hydroxyapatite provide attractive alternative solution to polymer-based drug eluting coatings currently in the stent market. The Company's drug eluting coating is designed to suit a broad range of implantable medical devices which may benefit from a highly customizable drug release profile. MIVT reached a Collaborative Research Agreement (CRA) with the University of British Columbia and supported a research and development grant from the Natural Sciences and Engineering Research Council of Canada (NSERC) in 2002 for the development of Hydroxyapatite as a drug-eluting coating. In December 2004 MIVT received a Government grant for the research program titled "Development of Novel Drug Eluting Composite Coatings for Cardiovascular Stents" under the National Research Council -- Industrial Research Assistance Program (NRC-IRAP). Under this sponsorship the Company will progress to the development stage, which is expected to finalize the drug-eluting research and development Program. With 51.04 million shares in its float and an undeclared short position, there is a failure to deliver in shares of MIVT.

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.

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: +1 949 675 4410e-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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