BUYINS.NET: VBF, VSPC, LPHC Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days

Tue. December 02, 2008; Posted: 09:42 AM

Dec 02, 2008 (M2 PRESSWIRE via COMTEX) -- VSPC | Quote | Chart | News | PowerRating -- 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: Van Kampen Bond Fund (NYSE: VBF), Viaspace Inc. (OTCBB: VSPC), LocatePLUS Holdings Corp. (OTC: LPHC). 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.

Van Kampen Bond Fund (NYSE: VBF | Quote | Chart | News | PowerRating) operates as a diversified, closed-end management investment company. The fund invests primarily in a diversified portfolio of high-quality debt securities. Its portfolio includes investments in banking, U.S. government agency obligations, electric, automotive, noncaptive-consumer finance, healthcare, wireline communications, property and casualty, noncaptive-diversified finance, diversified manufacturing, life insurance, retail, media-noncable, railroads, lodging, brokerage, media-cable, supermarkets, gaming, environmental and facilities services, chemicals, tobacco, construction machinery, consumer products, aerospace and defense, entertainment, food/beverage, energy, real estate investment trusts, transportation services, textile, technology, natural gas, distributors, airlines, paper, and home construction sectors. Van Kampen Asset Management, Inc. serves as the investment advisor of the fund. The fund was established in 1970 and is based in New York City. With 11.34 million shares outstanding and 233,500 shares declared short as of October 2008, the failure to deliver in shares of VBF has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 89,685 shares of VBF that were failing-to-deliver as of August 22, 2007.

Viaspace Inc. (OTCBB: VSPC | Quote | Chart | News | PowerRating) commercializes space and defense technologies from NASA and the department of defense into hardware and software products and applications in the United States. The company provides disposable fuel cartridges and intellectual property protection for manufacturers of direct methanol and other liquid hydrocarbon fuel cells; and develops products and services based on inference and sensor data fusion-based solutions. It also develops mass spectrometry technology that improves the application of mass spectrometry for industrial process control and environmental monitoring, and produces detection systems for homeland security, as well as holds patents and various patent applications in the areas of interactive radio technology. The company's direct methanol fuel cell-based products are developed for laptop computers, cell phones, music players, and other applications. It offers its services in the areas of energy/fuel cells, batteries, electronic test equipment, microelectronics, and sensors and software for defense, homeland security and public safety, and information and computational technology. The company was founded in 1998 and is based in Pasadena, California. With 443.58 million shares outstanding and 68,500 shares declared short as of October 2008, the failure to deliver in shares of VSPC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 3,755,280 shares of VSPC that were failing-to-deliver as of October 24, 2007.

LocatePLUS Holdings Corp. (OTC: LPHC | Quote | Chart | News | PowerRating) through its subsidiaries, operates as a business-to-business, business-to-government, and business-to-consumer provider of public information through proprietary data integration solutions in the United States. The company offers access to public information, such as bankruptcies, real estate transactions, motor vehicle records, and drivers' license information to commercial, private sector, and law enforcement entities through Internet and mail, as well as through channel partners. Its product, LocatePLUS, contains searchable and cross-referenced public information on individuals, including individuals' names, addresses, dates of birth, social security numbers, and prior residences, as well as real estate holdings, recorded bankruptcies, liens, judgments, drivers' license information, and motor vehicle records. LocatePLUS Holdings Corporation also provides self-screening for resume and online dating services. In addition, the company develops integration solutions for biometrics and data. Further, the company has information database on land-based phone numbers and cell phone numbers in the United States. It markets and sells its products to private investigators, human resource professionals, and the legal professionals, as well as federal, state, and local government agencies, including law enforcement agencies for crime and terrorism investigation, detection of fraud, skip tracing, background checks, legal due diligence, identity self certification, private security, and risk-management. The company, formerly known as LocatePLUS.com, Inc., was founded in 1996 and is headquartered in Beverly, Massachusetts. With 19.48 million shares outstanding and 600 shares declared short as of October 2008, the failure to deliver in shares of LPHC has not been resolved and a buy-in is imminent. According to quarterly data provided by the SEC, there were still 618,308 shares of LPHC that were failing-to-deliver as of June 20, 2008.

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 2,300,000,000 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.

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