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CybeRelease: 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 Companyís profile under Chinese enterprise regulation defines the establishment of a wholly foreign-owned enterprise as that of being beneficial to the development of Chinaís 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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CybeRelease Gainers are First Avenue Networks, Inc. (Nasdaq: FRNS), LMI Aerospace, Inc. (Nasdaq: LMIA), Genitope Corporation (Nasdaq: GTOP),, 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).

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 investorís 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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