posted
**********: GTCC, MOTG, NNOS have also been added to naked short lists today via COMTEX
February 28, 2006
Feb 28, 2006 (M2 PRESSWIRE via COMTEX) --
**********, www.**********, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists: GTC Telecom Corp. (OTCBB: GTCC), Modern Technology Corp. (OTCBB: MOTG), NanoSignal Corporation, Inc. (OTC: NNOS). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********.
GTC Telecom Corp. (OTCBB: GTCC) provides various telecommunication services, Internet-related services, and business process outsourcing services primarily to small and medium sized businesses and residential customers in the United States. Its telecommunication services comprise local; and long distance telephone services, such as outbound service, inbound toll-free 800 services, and calling card service. The company's Internet-related services include dial-up access and digital subscriber line service to both consumer and business users. GTC Telecom's business process outsourcing services consist of inbound and outbound call center management solutions, IT management solutions, and business operations management solutions. The company was organized in 1994 and is headquartered in Costa Mesa, California. With 29.83 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of GTCC.
Modern Technology Corp. (OTCBB: MOTG) a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MOTG improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MOTG also commercializes new technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to build shareholder value through a model of continuous growth. With 50.32 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of MOTG.
NanoSignal Corporation, Inc. (OTC: NNOS) develops products for magnetic resonance imaging systems (MRI). Its product, the SLICE, consists of a combination of hardware and software, which is compatible with all MR machines. The company's product makes use of an algorithm, exchange analytic computation technique, which decouples the size of the raw data from the image matrix size and overcomes the inherent limitations of the Fourier transformations. The company also owns 100% of the issued and outstanding shares of Exxcode, Inc. Exxcode's proprietary bar code technology, finds application in tracking medical records, x-rays, and MRIs. The company is based in Las Vegas, Nevada. With 238.76 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of NNOS.
About **********
WWW.********** 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. ********** 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.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.**********/squeezetrigger.pdf. The SqueezeTrigger database of nearly 600,000,000 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 ********** 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, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** 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. ********** 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. ********** may receive compensation in cash or shares from independent third parties or from the companies mentioned.
********** 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.
********** 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 ********** undertakes no obligation to update such statements.
CONTACT: Thomas Ronk, CEO Tel: +1 800 715 9999 e-mail: Tom*********** WWW: http://www.**********
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied 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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