MOUNTAIN VIEW, Calif., March 3, 2011 /PRNewswire-Asia-FirstCall/ -- Solar EnerTech Corp. (OTCQB :SOEN) (the "Company") today announced that the Company's stock trades on the OTCQB, a marketplace developed by the OTC Markets Group, under the ticker symbol SOEN.
The Company is making this announcement because certain market makers have ceased using the OTC Bulletin Board (OTCBB) in favor of the OTCQB and when the number of market makers using the OTCBB falls to a single market maker the OTCBB ceases to provide a quotation. This is now the case for SOEN. Some retail investor services such as Yahoo Finance may now require the designation SOEN.PK to retrieve a quote for the Company's stock. However the Company wishes to confirm that:
* Solar Enertech Corp. remains a fully reporting Company with the Securities and Exchange Commission. The OTCQB is a market tier for U.S. listed companies that are in compliance with their SEC reporting obligations. The Company's filings remain available at the SEC's website http://www.sec.gov
* The Company's shares are still traded by several market makers. Trading activity and market maker bids and asking prices can be found at http://www.otcmarkets.com/stock/SOEN/quote
The Company expects that investors will continue to be able to trade in its stock with the same facility experienced prior to this change. The OTC Markets Group is a leader in using technology to bring positive changes to the OTC market for the benefit of investors as well as broker-dealers and OTC-traded companies. OTC Markets Group's electronic inter-dealer quotation system has become the leading platform in the U.S. OTC market and many broker-dealers are now exclusively using OTC Markets Group's platform to quote OTC securities.