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CybeRelease: (OTC: SOEN) Commends 78% Increase in Funding for Solar Energy Technology


WEBWIRE

(CybeRelease, June 8, 2006) - Lake Harmony, PA - Solar EnerTech Corp. (OTC BB: SOEN) announces its support of the Solar America Initiative proposing the largest funding increase for solar energy research in U.S. budget history. President Bush’s Fiscal Year 2007 Budget proposes a new $148 million Solar America Initiative with a 78% increase of $65 million over Fiscal Year 2006 appropriations for solar energy technology. Solar EnerTech is focused on the development and manufacture of quality solar cells, applications and advanced technologies and applauds the U.S. Department of Energy’s commitment to clean solar energy.

According to the U.S. Department of Energy the Solar America Initiative is designed to accelerate the development of advanced photovoltaic (PV) materials that convert sunlight directly to electricity, with the goal of making solar PV cost-competitive with other forms of renewable electricity by 2015. The goal of the initiative is to generate enough solar energy by 2015 to provide 5 to10 gigawatts of electricity, enough to power 1 to 2 million homes.

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To read the complete release, go to http://www.CybeRelease.com/soen6806.htm.

CybeRelease Gainers are Vertrue Incorporated (Nasdaq: VTRU), CRA International,Inc. (Nasdaq: CRAI), Cbeyond Communications, Inc. (Nasdaq: CBEY), Courier Corporation (Nasdaq: CRRC), Ambassadors Group, Inc. (Nasdaq: EPAX), Kendle International Inc. (Nasdaq: KNDL), InterDigital Communications Corp. (Nasdaq: IDCC) and Arkansas Best Corporation (Nasdaq: ABFS).

CybeRelease Decliners are Alico, Inc. (Nasdaq: ALCO), ATP Oil & Gas Corporation (Nasdaq: ATPG), WebMD Health Corp. (Nasdaq: WBMD), Patterson-UTI Energy, Inc. (Nasdaq: PTEN), Vocus, Inc. (Nasdaq: VOCS), Palomar Medical Technologies, Inc. (Nasdaq: PMTI), Pantry, Inc. (The) (Nasdaq: PTRY) and Quixote Corporation (Nasdaq: QUIX).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $895.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.



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