CybeRelease: SmallCapStockAlert.com Announces (OTC: SOEN) Achieves Favored Tax Status in China
(CybeRelease, July 18, 2006) - Lake Harmony, PA - Solar EnerTech Corp. (OTC BB: SOEN) (the Company) wishes to announce that it has successfully achieved favored tax status by meeting the regulatory criteria developed by the Government of China designed for locally based environmental high-technology enterprises.
The Company’s profile under Chinese enterprise regulation defines the establishment of a wholly foreign-owned enterprise as that of being beneficial to the development of China’s national economy with notable economic yield. The state encourages foreign-owned enterprises to adopt advanced technologies and equipment, develop new products, conserve energy and raw materials, upgrade and replace existing products; and supports such foreign-owned enterprises to export all or most of their products.
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