CybeRelease: GrowthStockAnalyst.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.
CybeRelease Gainers are First Avenue Networks, Inc. (Nasdaq: FRNS), LMI Aerospace, Inc. (Nasdaq: LMIA), Genitope Corporation (Nasdaq: GTOP), Baidu.com, Inc. (Nasdaq: BIDU), CNB Financial Corporation (Nasdaq: CCNE), Waste Services, Inc. (Nasdaq: WSII), Audible, Inc. (Nasdaq: ADBL) and InPhonic, Inc. (Nasdaq: INPC).
CybeRelease Decliners areCEPHEID (Nasdaq: CPHD), Anadys Pharmaceuticals, Inc. (Nasdaq: ANDS), Forward Industries, Inc. (Nasdaq: FORD), Arbinet-thexchange, Inc. (Nasdaq: ARBX), Cholestech Corporation (Nasdaq: CTEC), KongZhong Corporation (Nasdaq: KONG), Movie Gallery, Inc. (Nasdaq: MOVI) and Interactive Intelligence, Inc. (Nasdaq: ININ).
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