BUYINS.NET, www.buyins.net, is initiating coverage of Teleconnect, Inc. (OTCBB: TLCO) after releasing the latest short sale data to April 2006. From January 2005 to April 2006 approximately 11.7 million total aggregate shares of TLCO have traded for a total dollar value of nearly $2.8 million. The total aggregate number of shares shorted in this time period is approximately 903,771 shares. The TLCO SqueezeTrigger price of $0.23 is the volume weighted average short price of all short selling in TLCO. A short squeeze began when shares of TLCO closed above $0.23. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net. -0- *T Month Total Vol. Short Vol. Avg. Price Short $ Value January '05 892,810 68,746 $0.32 $21,827 February 557,950 42,962 $0.41 $17,722 March 279,350 21,510 $0.41 $8,765 April 861,122 66,306 $0.34 $22,378 May 1,399,910 107,793 $0.29 $30,991 June 465,750 35,863 $0.21 $7,574 July 1,037,660 79,900 $0.20 $16,180 August 480,750 37,018 $0.19 $7,126 September 43,100 3,319 $0.14 $456 October 1,611,400 124,078 $0.11 $13,797 November 120,600 9,286 $0.11 $1,010 December 267,100 20,567 $0.12 $2,519 January '06 384,435 29,601 $0.16 $4,775 February 213,810 16,463 $0.18 $2,902 March 959,670 73,895 $0.19 $13,855 April 2,161,875 166,464 $0.24 $39,951 Total: 11,737,292 903,771 $0.23 $211,830 *T -- *short volume is approximated using a proprietary algorithm. -- **average short price is calculated using a volume weighted average short price. -- ***short volume is the total short trade volume and does not account for covers. About Teleconnect, Inc. Teleconnect, Inc. through its wholly-owned subsidiary Teleconnect Comunicaciones S.A., a Spanish telecommunications company, is a major player in the prepaid telecoms industry in Spain. Teleconnect Inc. is traded on a U.S. stock exchange, the Over The Counter Bulletin Board (OTCBB) with trading symbol TLCO. Teleconnect provides commercial and residential users in Spain with a very competitive array of prepaid services. www.teleconnect.es. 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. The SqueezeTrigger database of nearly 700,000,000 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 and a short squeeze can begin. 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. A third party has paid a $995.00 monthly data fee to BUYINS.NET and can cancel the monthly data fee at any time. The third party owns shares of TLCO. Teleconnect has not paid for or influenced this report in any way. 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 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. BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. 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Teleconnect (CE) (USOTC:TLCO)
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