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

Cleveland BioLabs, Inc. (CBLI) SqueezeTrigger Price is $7.41. Approximately 2.5 Million Shares Shorted Since July 2006 According to Buyins.net Research Report

May 6, 2008 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, is initiating coverage of Cleveland BioLabs, Inc. (NASDAQ: CBLI) after releasing the latest short sale data to May 2008. From July 2006 to May 2008 approximately 42 million total aggregate shares of CBLI have traded for a total dollar value of nearly $311.2 million. The total aggregate number of shares shorted in this time period is approximately 2.5 million shares. The CBLI SqueezeTrigger price of $7.41 is the volume weighted average short price of all short selling in CBLI. The first of several short squeezes began when shares of CBLI closed above $5.40, where approximately 435,000 shares have been shorted between $4.33 and $5.40 in recent months. There are still 432,728 shares of total short interest, approximately $2.4 million of potential buying power, that still needs to cover. According to data provided by the SEC, as of December 31, 2007, there were 336,959 shares failing to deliver (also referred to as, naked short). Click here to see a chart of failures to deliver from July 2006 through December 2007: http://www.buyins.com/ftd/cbli.gif . To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Month TotalVol ShortVol AvgPrice $Value

Jul 06 491,643 22,789 $5.53 $126,024

Aug 285,888 13,252 $4.93 $65,331

Sept 400,672 18,572 $4.69 $87,104

Oct 434,694 20,149 $5.23 $105,381

Nov 373,900 17,331 $5.40 $93,589

Dec 518,823 24,049 $4.96 $119,283

Jan 07 7,375,070 341,856 $6.30 $2,153,696

Feb 6,007,723 278,476 $9.25 $2,575,902

Mar 4,237,472 196,419 $9.82 $1,928,839

Apr 1,993,363 92,398 $9.30 $859,304

May 1,093,534 21,934 $8.99 $197,246

June 1,706,297 33,400 $10.77 $359,645

July 1,065,688 47,434 $10.22 $484,875

Aug 761,404 51,652 $10.19 $526,334

Sept 1,114,441 88,915 $11.87 $1,055,821

Oct 1,034,233 69,223 $11.81 $817,226

Nov 984,029 80,249 $10.92 $876,319

Dec 2,041,367 158,518 $7.70 $1,221,096

Jan 08 4,517,829 515,948 $5.85 $3,018,296

Feb 1,239,486 89,364 $4.33 $386,946

Mar 930,103 73,206 $4.56 $333,819

Apr 3,232,472 260,874 $4.91 $1,280,891

May 146,335 12,071 $5.40 $65,182

Tot 41,986,466 2,528,081 $7.41 $18,738,150

*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.

A third party has paid $995 per month for twelve months for data provided in this report. The third party, its family members or affiliates may own shares of the stock and may benefit from a rise in the share price. 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 be construed as an offer or solicitation of an offer to buy or sell securities.

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