The report below is for educational purposes only and is not a recommendation to buy or sell the security.

Biomoda, Inc. (BMOD) SqueezeTrigger Price is $0.27. Approximately 1 million Shares Shorted Since November 2006 According to Buyins.net Research Report

October 30, 2008 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, is initiating coverage of Biomoda, Inc. (OTCBB: BMOD) after releasing the latest short sale data to October 2008. From November 2006 to October 2008 approximately 13.6 million total aggregate shares of BMOD have traded for a total dollar value of nearly $3.6 million. The total aggregate number of shares shorted in this time period is approximately 1 million shares. The BMOD SqueezeTrigger price of $0.27 is the volume weighted average short price of all short selling in BMOD. The first of several short squeezes is expected to begin when shares of BMOD close above $0.05, where approximately 16,000 shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Month TotalVol ShortVol AvgPrice $Value

Nov 06 1,350 104 $3.50 $364

Dec 12,500 963 $2.90 $2,791

Jan 07 476,123 36,661 $1.77 $64,982

Feb 306,044 23,565 $0.96 $22,682

Mar 381,010 29,338 $0.75 $22,077

Apr 442,725 34,090 $0.65 $21,988

May 1,092,498 84,122 $0.49 $41,430

June 1,750,488 134,788 $0.23 $31,001

July 2,658,260 204,686 $0.12 $23,539

Aug 1,565,381 120,534 $0.06 $7,774

Sept 423,743 32,628 $0.09 $3,018

Oct 757,954 58,362 $0.13 $7,663

Nov 703,878 54,199 $0.20 $10,840

Dec 291,895 22,476 $0.21 $4,608

Jan 08 233,309 17,965 $0.15 $2,671

Feb 195,609 15,062 $0.11 $1,627

Mar 762,900 58,743 $0.07 $4,042

Apr 299,200 23,038 $0.06 $1,451

May 326,100 25,110 $0.07 $1,665

June 361,240 27,815 $0.06 $1,766

July 164,700 12,682 $0.06 $774

Aug 178,932 13,778 $0.06 $861

Sept 179,350 13,810 $0.05 $621

Oct 31,409 2,418 $0.05 $118

Tot 13,596,598 1,046,938 $0.27 $280,353

*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.

Market Maker Friction Factor is shown in the chart below:

Date Change BuyVol SellVol NetVol Friction

10/29 -0.02 0 500 -500 -250

10/28 0 0 0 0 0

10/27 -0.01 0 5,000 -5,000 -5000

10/24 0 0 0 0 0

Analysis of the Friction Factor chart above shows that in the 4 trading days preceding this report that market makers have been making a normal market in shares of BMOD. The Friction Factor displays how many more shares of buying than selling are required to move BMOD higher by one cent or how many more shares of selling than buying moves BMOD lower by 1 cent. The Friction Factor is relatively low at this time so shares can be expected to move quickly should shares of BMOD close above the first SqueezeTrigger levels between $.05 and $.07. Buyins.net will continue its daily market surveillance of BMOD to ensure a fair and orderly market is being made in its shares.

The chart below shows the broker dealers acting as market makers in shares of BMOD.

Rank Market Maker Volume % of

Jan - Sep Total Volume

1 Knight Equity 1,106,582 41

2 UBS Securities 502,143 18

3 Domestic Sec. 257,200 9

4 E*Trade Cap. 182,665 6

5 Hudson Sec. 154,800 5

BMOD has paid $995 per month for six months for data provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not b

The chart above shows trading signals generated before the market opens on July 21, 2008. Solid green triangles are new long signals, hollow green triangles are pending long signals and green arrows are already in-trade long signals. Bars indicate how many days the signal has been in-trade, PD is the green (bullish) or red (bearish) trading pattern direction that accompanies the signal, and Str is the strength of the pattern (5 = strongest, 1 = weakest). Signals are generated by OmniTrader, which can be obtained by visiting www.squeezetrigger.com