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CybeRelease: (OTC: SOEN) Issues Price Target of $4.37


(CybeRelease, August 01, 2006) - Lake Harmony - Solar EnerTech Corp. (OTC BB: SOEN) (the Company) wishes to announce that it has moved ahead in its strategic planning and formed a software products team under the direction of the company’s Research and Development Division in order to capitalize on a new and growing area in the renewable energy sector.

The opportunity arises from the proliferation of alternative energy producers utilizing a variety of systems to generate and supply electricity to commercial grid-based power distribution networks. The Company has identified a need by the renewable power sector for cost effective, efficient and standardized power conditioning equipment capable of providing universally compatible, regulated power to the grid operators.

Solar EnerTech believes it can, through a software system, rapidly develop a variety of power conditioning solutions suitable for renewable energy producers that generate direct current (DC) electricity converted into alternating power (AC) which then need further conditioning to meet the requirements of commercial grids.

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CybeRelease Gainers are CIENA Corporation (Nasdaq: CIEN), Tellabs, Inc. (Nasdaq: TLAB), QUALCOMM Incorporated (Nasdaq: QCOM), Rambus, Inc. (Nasdaq: RMBS)NVIDIA Corporation (Nasdaq: NVDA), Credence Systems Corporation (Nasdaq: CMOS), PMC - Sierra, Inc. (Nasdaq: PMCS) and Amgen Inc. (Nasdaq: AMGN).

CybeRelease Decliners are Myogen, Inc. (Nasdaq: MYOG), NII Holdings, Inc. (Nasdaq: NIHD), VistaPrint Limited (Nasdaq: VPRT), Macrovision Corporation (Nasdaq: MVSN), MicroStrategy Incorporated (Nasdaq: MSTR), Gevity HR, Inc. (Nasdaq: GVHR), Compass Bancshares, Inc. (Nasdaq: CBSS) and Bucyrus International, Inc. (Nasdaq: BUCY).

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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