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Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China.

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M2 PRESSWIRE-31 July 2006-GrowthStockAnalyst.com: Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31072006

Stocks To Watch: Solar EnerTech Corp. (OTCBB: SOEN), Nord Oil (PinkSheets: NDOL), BNP Petroleum Corp (PinkSheets: PGPM), Intel Corporation (Nasdaq: INTC), Exxon Mobil Corporation (NYSE: XOM)

FEATURED STOCK: Solar EnerTech Corp.

Ticker Symbol SOEN: Current Price (1.52) http://www.solarenertech.com Solar EnerTech Corp. Achieves Favored Tax Status in China Monday July 17, 5:00 pm ET MENLO PARK, CA----Jul 17, 2006 -- Solar EnerTech Corp. (OTC BB:SOEN.OB - News) (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.

Ever since its establishment in China the Company has made it a priority to ensure all efforts to meet key regulations has been satisfied. This includes legislation such as the "Registered Capital" law mandating that the liability of foreign investor's vis--vis their enterprises are limited to the amount of capital contributed by the Company. Other significant limiting aspects of the regulations includes the definition of "total...

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