SOURCE: IO Circuit

August 28, 2006 14:26 ET

(OTC BB: SOEN) California Legislature Passes Solar Roofs Bill

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit

LAKE HARMONY, PA -- (MARKET WIRE) -- August 28, 2006 -- Solar EnerTech Corp. (OTCBB: SOEN) (the Company) will celebrate this week with the news that California's Million Solar Roofs bill, SB1, authored by Senator Kevin Murray, has finally passed on the Senate Floor by a vote of 36 to 4, and that the solar industry has at last gained bipartisan support for the nation's largest and most comprehensive solar program in the United States.

The bill was signed into law by Governor Schwarzenegger at a ceremony held at the new solar powered CalTrans building in downtown Los Angeles last week.

Throughout the past months after the original Million Solar Roofs bill was defeated by legislature, Solar EnerTech Corp., a California-based company, kept busy building its solar cell production plant in Shanghai, with the firm belief that the bill, or a similar act would someday become law and that the Company would become a supplier for the million solar roofs in its home state.

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Other active stocks are Sunterra Corp (PINKSHEETS: SNRR), Charming Shoppes, Inc. (NASDAQ: CHRS) and Delphi Corp. (PINKSHEETS: DPHIQ).

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