SOURCE: Stock Market Alerts

May 22, 2007 09:15 ET

Stock on the Move for Tuesday: OEGY! May 22, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - May 22, 2007) - Stock Market Alerts' performance stock list includes: Open Energy Corporation (OTCBB: OEGY), (NASDAQ: AMZN), (NYSE: CRM), Exxon Mobil Corp (NYSE: XOM).

Open Energy Corp. (OTCBB: OEGY) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company and Suntech Power Holdings Co., one of the world's leading manufacturers of photovoltaic (PV) cells and modules, has recently announcing the signing of a letter of intent for broad initiatives targeting the expansion of the Building Integrated Photovoltaic (BIPV) products sales of each company.

Great news for OEGY investors! Suntech will provide cost effective and high quality production for Open Energy's SolarSave® PV Tiles. The companies will market each other's broad portfolio of BIPV products within the North American market. Suntech will also have the right to acquire up to 5% of the outstanding shares of Open Energy as part of this strategic cooperation.

This is certainly another company for investors to watch closely! David Saltman, CEO of Open Energy, stated, "This alliance with Suntech is of major strategic importance to our company. Suntech is a high volume manufacturer of quality solar photovoltaic products and in our meetings with its Chairman and CEO, Dr. Zhengrong Shi and Suntech's production and engineering staff, we were convinced that Suntech is the ideal partner to manufacture SolarSave® tiles in China thus enabling us to enhance our sales volumes and margins. This agreement secures our product supply at competitive pricing, and positions Open Energy as an innovative developer and aggressive marketer of solar solutions in North America. In addition, with its acquisition of MSK in Japan, Suntech now has considerable expertise in architectural PV glass, a product set that is gaining traction among developers here in the States as well as deep design support for BIPV projects. We are additionally excited to welcome Suntech as a future strategic core shareholder."

Len May, Suntech America's Vice President of Business Development spoke positively about the newly formed alliance, "This agreement is an important step forward in demonstrating the synergies of our acquisition of MSK Corporation by combining Suntech's manufacturing strength with MSK's strength of high-end and innovative BIPV solutions. We believe that this marketing alliance with Open Energy will accelerate the momentum that we have achieved since we acquired MSK with its BIPV product offerings and development expertise which will enable us to broadly address the performance and project demands of a rapidly growing market for BIPV products here in America as well as in Asia, Europe and other parts of the world. We also intend to engage in joint development with Open Energy of innovative next generation BIPV products. We are also pleased to have warrants to acquire shares in our new partner Open Energy who we think will have a bright future particularly as we together grow our mutual BIPV initiatives."

The transactions contemplated by the letter of intent are subject to the execution of definitive agreements, which are currently set to be completed by the end of June 2007. Recently there have been several press releases issued that should excite its investors. A couple of weeks ago, Market Advisors issued an Intermediate Price Target of $0.96 on the company's stock.

OEGY stock closed Monday at Forty Nine cents a share.

For Stock Market Alert's in-depth profile of Open Energy Corp, visit

Open Energy Corporation is a renewable energy company focused on the development and commercialization of a portfolio of technologies capable of delivering low-risk, cost-competitive electricity, fresh water and related commodities on a global basis. Open Energy offers building-integrated photovoltaic (PV) roofing materials for commercial, industrial, and residential markets. Marketed under the trade name SolarSave®, the product line includes roofing membranes, roofing tiles, custom architectural PV glass, and balance of systems equipment such as inverters, combiners, and accessories. The Company also holds an exclusive, worldwide license to a solar thermal technology called SunCone™ CSP (Concentrating Solar Power), which is currently being developed to generate potable water and distributed power. The company's mission is to enhance life by harnessing the power of the sun.

Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, Japan, China and the United States. Suntech America, Inc. is a wholly owned subsidiary of Suntech Power Holdings Co., Ltd.

Other Stocks of interest yesterday were: (NASDAQ: AMZN) up 7.9% on 36.5 million shares traded., Inc., a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection., Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. (NYSE: CRM) up 4.2% on 5.7 million shares traded. is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand.

Exxon Mobil Corp. (NYSE: XOM) up 0.4% on 25 million shares traded. Exxon Mobil Corporation engages in the exploration, production, transportation, and sale of crude oil and natural gas. It also engages in the manufacture, transportation, and sale of petroleum products and petrochemicals, as well as participates in electric power generation.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Open Energy Corporation (OTCBB: OEGY). The compensation was fourteen thousand dollars in 2007 from third party, Equity Alliance International LLC, who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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