MISSISSAUGA, Ontario, Aug. 1, 2006 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, provides an update on a previously spotlighted company Solar EnerTech Corp. (OTCBB:SOEN).
Solar EnerTech Corp. is involved in the manufacturing of photovoltaic (PV) solar cells and developing designs for PV modules, which are used to convert sunlight into electricity. The Company primarily targets the European and the U.S. markets.
The solar energy industry is growing rapidly as energy prices worldwide continue to rise and solar power systems become more affordable. The rising demand for solar cells and panels worldwide continues to outpace production. SOEN announced yesterday that it has moved ahead in its strategic planning and formed a software products team under the direction of the company's Research and Development Division in order to capitalize on a new and growing area in the renewable energy sector.
SOEN's stock price has risen approximately 15% in value since AllPennyStocks.com's previous write-up on the company.
The complete updated SOEN profile can be viewed at: http://www.allpennystocks.com/apsc/us/stock_profiles/soen.htm.
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AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and U.S. site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs weekly penny stocks to watch, has a weekly market write-up, provides company spotlights, runs a unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, Nasdaq and OTCBB, and much more information for the average investor.
Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Solar EnerTech Corp. (OTCBB:SOEN); the amount is three thousand dollars by a non-affiliated third-party, Equity Alliance International Inc. for its efforts in presenting the SOEN profile on its web site and distributing it to its database of subscribers as well as other services. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/us/stock_profiles/soen.htm.