International Drug & Explosives Company Identa Corp Issues Follow up on Shorting of Company Stock

Jun 02, 2010, 09:59 ET from IDenta Corp.

JERUSALEM, Israel, June 2, 2010 /PRNewswire-FirstCall/ -- IDenta Corp. (PINKSHEETS: IDTA) CEO Yaacov Shoham today released additional information concerning the recent shorting of Identa stock.

    The following list shows the shorting of the past two days:

    Total Trading Volume (May 28, 2010): 22540461
    Daily Short Volume:                  13065524
    Avg. Price of Shorts Today:             0.002
    Short %:                                57.96
    Volume at Offer:                     10353280
    Buy %:                                  45.93
    Volume at Bid:                       12187181
    Sell %:                                 54.07
    Shares Crossed:                             0
    Cross %:                                 0.00
    Net Buying vs. Selling:              -1833901
    Price Change:                          0.0005
    Friction Factor:             Abnormal Trading

The above data is used to calculate if a fair market is being made in the shares of IDTA. Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. Today, your Friction Factor was Abnormal Trading. Here is how to understand Friction Factor:

    1. If Friction Factor is positive, more buying than selling caused IDTA's
       price to rise

    2. If Friction Factor is negative, more selling than buying caused IDTA's
       price to fall

    3. If Friction Factor is 0, there was no discernable activity either way

    4. If Friction Factor is abnormal, it means that more buying than selling
       caused the price to drop, which is evidence of manipulative activity.
       In some cases more selling than buying can cause the price to
       increase. While this is rare, it must be noted as well.

    Total Trading Volume (May 27, 2010): 38079119
    Daily Short Volume:                  23361095
    Avg. Price of Shorts Today:            0.0015
    Short %:                                61.35
    Volume at Offer:                     29953203
    Buy%:                                   78.66
    Volume at Bid:                        7765150
    Sell%:                                  20.39
    Shares Crossed:                        360766
    Cross%:                                  0.95
    Net Buying vs. Selling:              22188053
    Price Change:                          0.0005
    Friction Factor:                    443761060

The above data is used to calculate if a fair market is being made in the shares of IDTA. Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. Today, your Friction Factor was 443761060. Here is how to understand Friction Factor:

    1. If Friction Factor is positive, more buying than selling caused IDTA's
       price to rise

    2. If Friction Factor is negative, more selling than buying caused IDTA's
       price to fall

    3. If Friction Factor is 0, there was no discernable activity either way

    4. If Friction Factor is abnormal, it means that more buying than selling
       caused the price to drop, which is evidence of manipulative activity.
       In some cases more selling than buying can cause the price to
       increase. While this is rare, it must be noted as well.

Information concerning IDenta's entire product line may be found at http://www.IDenta.biz

ABOUT IDENTA

Since 2003, IDenta Corporation has been recognized as a worldwide leader in the development of proprietary on-site drug, drug precursor and explosive detection kits. IDenta develops, manufactures and distributes products for both the professional and civil markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world.

DISCLAIMER

Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.

For Investor Relations, lobbying interests or information concerning IDenta's products internationally or the development of new chemical detectors, contact: Yaacov Shoham, IDenta Corp., CEO, Tel: +972-52-6554487, fpi@drugsdetector.com, http://www.identa.biz.

    Contact:
    Yaacov Shoham
    IDenta Corp.
    CEO
    Tel: +972-52-6554487
    fpi@drugsdetector.com
    http://www.identa.biz


SOURCE IDenta Corp.