June 13, 2006 07:30 ET

(OTC BB: SOEN) Signs Three-Year Silicon Supply Pact

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

LAKE HARMONY, PA -- (MARKET WIRE) -- June 13, 2006 -- Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") announced the execution of a Letter of Intent ("LOI") with PAIS Industries Group ("PAIS") whereby PAIS Industries would supply the Company with 1,200 metric tons of solar grade silicon ingots for a duration of three years. The intent of the LOI is calculated to supply Solar EnerTech with silicon feedstock needed to manufacture its leading edge solar cells and ensure access to affordable materials in spite of industry-wide silicon shortages. It is contingent upon completion of a formal agreement between PAIS Industries and the government of the Inner Mongolia Autonomous Region to allow PAIS to develop and process locally mined silicon into a marketable solar grade end product.

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Other active stocks are Delcath Systems, Inc. (NASDAQ: DCTH), 3Com Corporation (NASDAQ: COMS), Encysive Pharmaceuticals Inc. (NASDAQ: ENCY).

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