• Chinese president meets Chinese, Nigerian businessmen

China's silver price hits record high
Nigerian parliamentary delegation to visit China
Nobel committee members expect mainland Chinese scientists to win prize in future
Turkmenistan president to visit China
Macao's legislative arm nods anti-money laundering law
Hong Kong stocks close lower at midday -- March 24
Air quality of major Chinese cities -- March 24
Shoemakers oppose EU saction on Chinese footwear
China outlines plans for future railway trains
Hushen index down -- March 24
Shenzhen stock index mixed -- March 24
Shanghai stock index down -- March 24
China to set up postal savings bank soon
China and Brazil to enhance bilateral cooperation, deepen strategic relations
War dramas dominate Chinese TV screens in 2005
Chinese, Iranian FMs talk over phone about nuclear issue
Hong Kong stocks close lower -- March 24
HK opens more e-channels
Foreign exchange rates in Hong Kong -- March 24
Taiwan share prices close higher -- March 24
Standard and Poor: Hutchison's ratings unchanged
Global copper price may calm down as China increases exports
Senior advisor meets with DPRK guests
Chinese government to offer free bird flu and foot-and-mouth vaccines to farmers
China's saloon cars output in first two months surges by 83 percent
HK notified of suspected human avian flu case in Shanghai
Weather forecast for major Chinese cities -- March 24
Weather forecast for world cities -- March 24
Hong Kong share prices close down -- March 24
HK to lower ceiling prices of LPG
Trading on Hong Kong Stock Exchange -- March 24
Shanghai intensifies monitoring of bird flu after suspected human death case reported
CPC leader vows to further China-Malta relations
China Exclusive: Shoemakers oppose EU sanctions on Chinese footwear
Hu Jintao meets Brazilian Vice President Jose Alencar
Water price likely to be raised further: NDRC official
China Central Ballet Troupe to promote 4 new performances with rising stars
China's Taiwan, Japan sign new air pact to promote ties
China expects higher iron ore output and weaker domestic consumption
Tourism expenditure in HK up 14.1 percent in 2005
Chinese DF meets Brazilian counterpart
British airport company BAA shows interest in China's middle-scale airports
Government inspects fertilizer producers and traders to control price
Chinese NPC vice-chairman meets Canadian parliamentarians
Chinese listing companies willing to pay more dividends
Brazilian vice president concludes China visit
Highways to be built, connecting hometowns of late Chinese leaders
Chinese Academy of Sciences to undergo reform
Urgent: Suspected death of bird flu in Shanghai confirmed
1st LD: Suspected death of bird flu in Shanghai confirmed
Weather information for Asia-Pacific cities -- March 24
Gold price higher in Hong Kong -- March 24
Hang Seng China Enterprises Index higher -- March 24
2nd LD: Suspected death of bird flu in Shanghai confirmed
China grants int'l science-technology cooperation award to five foreign experts
9 TB cases per 10,000 population found in HK
HK, Guangdong to further strengthen ties of health departments
China, Brazil to launch annual dialogue on financial affairs
China to issue 40 billion yuan worth of beaers' T-bonds next month
3rd LD-Writethru: Suspected death of bird flu in Shanghai confirmed
Never eat it! Chinese company makes clothes from maize
China presents meteorological satellite data reception equipment to 7 countries
Nobel Prize is not goal of scientific studies: Nobel Committee member
China begins to issue 34 billion yuan worth of Book-entry T-bonds
CNOOC's net income increases in 2005
Brazil, China urged to make full use of complementarity
Document XNEWS00020060324e23p005hi

XKEM, EENT, FLIP, GMTH, MMSV Have Also Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days
1,850 words

24 March 2006

M2 Presswire

MTPW

English

(c) 2006 M2 Communications, Ltd. All Rights Reserved.
BUYINS.NET, www.buyins.net , announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: Xechem International, Inc. (OTCBB: XKEM), Energy and Engine Technology Corporation (OTCBB: EENT), FTS Group, Inc. (OTCBB: FLIP), Global Matrechs, Inc. (OTCBB: GMTH), Mattman Specialty Vehicles Inc. (OTC: MMSV). 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.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.
Xechem International, Inc. (OTCBB: XKEM) a development stage biopharmaceutical company, engages in the research, development, and production of generic and proprietary drugs from natural sources. Its principal product under development is NICOSAN/HEMOXIN, which would be used for the treatment of sickle cell disease. The company also applies its proprietary extraction, isolation, and purification technology to the production and manufacture of Paclitaxel, which is an anti-cancer compound used for the treatment of ovarian, breast, small cell lung cancers, and AIDS related kaposi sarcomas. In addition, Xechem International engages in the research and development of other compounds using traditional medicinal plants, microbial fermentation, or semisynthesis to produce anti-cancer, anti-fungal, anti-viral, anti-inflammatory, anti-aging, and memory enhancing compounds. The company has operations in the United States, India, China, and Nigeria. Xechem International was founded in 1994 by Ramesh C. Pandey and is headquartered in New Brunswick, New Jersey. With 259.69 million shares outstanding and an undisclosed short position, the failure to deliver in shares of XKEM has not been resolved and a buy-in is possible.
Energy and Engine Technology Corporation (OTCBB: EENT) engages in the development and marketing of power generation products for the long haul trucking industry, as well as heating and air conditioning systems for the long haul trucking and marine industries. It primarily offers AXP 1000 auxiliary power generator and over the road comfort system for long haul trucks. The company was founded as Bidder Communications, Inc. in 1999 and changed its name to Energy & Engine Technology Corporation in 2001. Energy & Engine Technology is headquartered in Plano, Texas. With 135.63 million shares outstanding and an undisclosed short position, the failure to deliver in shares of EENT has not been resolved and a buy-in is possible.
FTS Group, Inc. (OTCBB: FLIP) engages in the acquisition and development of a chain of retail wireless stores. It also markets, sells, and activates cellular and satellite handsets, cellular accessories, and other related wireless products, such as wireless fidelity service and related access equipment for residential or business purposes. As of December 31, 2003, the company owned five retail wireless locations in the Florida market and one in the Philadelphia market. The company markets and distributes its satellite and cellular based wireless products and services in the Florida Gulf Coast market, New Jersey, and Pennsylvania's Philadelphia market, through its e-commerce site, www.SatPhoneCenter.com , worldwide. The company was organized in 1997 as Full Tilt Sports, Inc. and changed its name to FTS Apparel, Inc. in 2000. Further, it changed name to FTS Group, Inc. in 2004. FTS Group is headquartered in Levittown, Pennsylvania. With 56.98 million shares outstanding and an undisclosed short position, the failure to deliver in shares of FLIP has not been resolved and a buy-in is possible.
Global Matrechs, Inc. (OTCBB: GMTH) operates in the licensed technologies business primarily in the United States. It markets and sells licensed technologies, such as NuCap, HNIPU, EMR/AC, Rad-X, Firesil, LEM, and RBHM, which are related to hazardous materials handling, electromagnetic radiography, and chemical processing. The company also engages in the design, development, manufacture, and sale of lighting and architectural products used in both commercial and residential applications, such as pendants, surface and ceiling luminaries, table and floor lamps, commercial down-lights, bath fixtures, and custom fixtures. It markets its lighting products primarily to architects, interior designers, lighting consultants, and designer showrooms. The company was organized in 1994 as HomeCom Communications, Inc. and changed its name to Global Matrechs, Inc. in June 2004. Global Matrechs is based in Ridgefield, Connecticut. With 112.89 million shares outstanding and an undisclosed short position, the failure to deliver in shares of GMTH has not been resolved and a buy-in is possible.
Mattman Specialty Vehicles Inc. (OTC: MMSV) was formed in 1983 by former Secret Service agent Jurg Mattman. The Company's primary service was dignitary and VIP protection. In 1984, Mattman was selected by the Los Angeles Olympic Organizing Committee and AT&T to provide the security for the 1984 Olympic Torch Relay. In 1986, Mattman provided nation-wide security for the event Hands Across America. Gaining recognition as experts in mega-events, the company provided risk management and security for Miller Brewing Mattman's "Biggest Party in History" and a Philip Morris sponsored nationwide tour of the Bill of Rights in 1989 and 1990-1991 respectively. With 20.00 million shares outstanding and an undisclosed short position, the failure to deliver in shares of MMSV has not been resolved and a buy-in is possible.
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 650,000,000 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.
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 [e-mail].
Document MTPW000020060324e23o002xm
Vanguard (Nigeria) - AAGM: South Korea Beats India to Nigeria's Blocs 321 & 323.
Hector Igbikiowubo & Luka Binniyat

1,435 words

14 March 2006

Vanguard (Nigeria)

AIWVAN

English

The Financial Times Limited. Asia Africa Intelligence Wire. All material subject to copyright. Vanguard (Nigeria) (c) 2006 All rights reserved
SOUTH Korea, the world's fifth largest oil importer has beaten India's Oil and Natural Gas Corporation (ONGC) to control of Nigeria's oil blocs 321 and 323 after months of horse trading and media speculation about the outcome. The South Koreans have also pledged an investment package of $6 billion (about N768 billion) over the next few years.
Resources, said yesterday by phone from Abuja. India's Oil & Natural Gas Corp. withdrew from the venture, ending a six_month ownership dispute.
Competition for reserves among Asia's state_run oil producers is intensifying after prices rose to records because demand in Asia and the U.S. outpaced supply growth. Since August, India has lost to Chinese government_run companies in bids to acquire assets worth about $7.9 billion in Kazakhstan, Ecuador and Nigeria.
"Everybody is trying to secure their own resources instead of being dependent on somebody else," said Fadel Gheit, senior energy analyst with Oppenheimer & Co. in New York. "All these government_owned companies or government agencies are emerging from the bureaucracy and the state's shadow."
South Korea's victory in Nigeria was India's fourth defeat in a year in bidding for overseas reserves.
South Korea, which imports almost all of its oil, has increased consumption 91_fold in four decades to 2.28 million barrels a day in 2004. In January, the top seven suppliers to Asia's third_biggest economy were all from the Middle East, led by Saudi Arabia.
Oil from Nigeria, the sixth_biggest producer in the Organization of Petroleum Exporting Countries, is prized by refiners for the amount of high_value gasoline it yields.
Fields available for investment are diminishing at a time when oil demand is rising, especially in countries such as China, India and South Korea, said Mark Routt, an oil analyst at Energy Security Analysis Inc. in Wakefield, Massachusetts.
The list of alternatives that the state_run companies "get to choose from are only blocks and resources that are not state preserves," Routt said in a phone interview.
Oil & Natural Gas, which had sought a 90 percent stake, turned down an offer of a 30 percent stake in the venture. Equator Exploration Ltd., based in Tortola in the British Virgin Islands, received a 30 percent stake and a local Nigerian partner won 10 percent, Chukwueke said. The agreement will be announced officially today.
Oil & Natural Gas "was looking for operatorship," said Praveen Martis, an energy analyst at U.K._based Wood Mackenzie Consultants Ltd. "They probably don't want to be there as a junior partner."
Ownership of the Nigerian areas has been disputed since Oil & Natural Gas initially offered the highest so_called signature bonus, or fees paid to the government on signing drilling contracts, of $175 million for Block 321 and $310 million for Block 323 in August 2005.
A South Korean group led by Korea National pre_empted Oil & Natural Gas's offer by pledging investments in Nigeria. The group plans to build two 2.25 million_kilowatt gas_fired power plants and a 1,200_kilometer gas pipeline, South Korea's Ministry of Commerce, Industry and Energy said in a statement today. The investments will account for 20 percent of Nigeria's electricity supply by 2010, it said.
The pledge to build the power plants prompted Nigeria to cut the signature bonus Korea has to pay to $90 million from $320 million, the ministry said.
Of the South Korean companies' share of the project Korea National has 75 percent, Korea Electric Power Corp. 15 percent and Daewoo Shipbuilding & Marine Engineering Co. 10 percent.
In November, Oil & Natural Gas and a partner, billionaire steelmaker Lakshmi Mittal, also offered to spend $6 billion on refining and power plants in Nigeria.
India may still win stakes in Nigeria's deepwater fields if the Nigeria government grants the Southeast Asian nation preferential treatment, the same terms Korea received last year, for two deepwater blocks in this year's bidding round, Chukwueke said.
"You win some, you lose some," said S. Raghu Raman, energy adviser at the Confederation of Indian Industry, the nation's largest industry body. "There are many companies competing for assets. This is not the end of the road for ONGC," as the Indian company is known.
President Roh Moo Hyun of South Korea met his Nigerian counterpart Olusegun Obasanjo in Abuja to attend the signing of the oil drilling agreement yesterday. On March 6, Roh began an eight_day trip to Egypt, Nigeria and Algeria.
In August, China National Petroleum Corp. beat India by agreeing to pay $4.18 billion for PetroKazakhstan Inc. The Chinese company in September outbid India's Oil & Natural Gas Corp. in buying assets of EnCana Corp. in Ecuador for $1.42 billion.
In January, CNOOC Ltd., China's third_largest oil company, bought a Nigerian oil field stake for $2.27 billion after India's government barred Oil & Natural Gas from acquiring the stake because of a lack of disclosure on ownership. CNOOC bought the stake in the OML 130 oil area, also known as the Akpo field, from South Atlantic Petroleum Ltd.
Korean National Oil Corporation and Equator Exploration Limited, the operators of the blocks paid the required Signature Bonus at the ceremony.
The two countries also singed three Memorandum of Understanding (MoU) on Gas and Solid Mineral development.
The Korean are expected among other things, to lay over 1000 km gas pipelines, refurbish some Nigerian rail lines and build a gas powered electricity plant of 2250 kilowatt capacity.
Speaking at the venue of the ceremony, the Nigerian Minister of State for Petroleum Dr. Edmund Daukoru, said that both countries have complementary endowments that can be harnessed for their good.
"Nigeria is heavily endowed with natural and human resources", he said. "and South Korea has technology, Skill and