Perfectenergy Selects ICR as Investor Relations Counsel

SHANGHAI, China, March 11  /PRNewswire-FirstCall/ -- Perfectenergy International Ltd., (OTC:PFEN) (BULLETIN BOARD: PFEN) , a rapidly growing solar energy company, today announced it has retained ICR, Inc. as its investor relations agency of record.

Perfectenergy selected ICR in part because of the emergence of its Cleantech Communications Practice that encompasses supporting the investor relations, public and media relations and corporate communications needs of renewable energy, green technology and environmentally focused products and services companies.

President and Chief Executive Officer of Perfectenergy Jack Li, stated, "We expect to grow our market share of the European, Asian and North American solar energy market though a combination of continuous improvements in solar cell efficiency, as well as superior supply chain expertise. We anticipate 2008 to be a very strong growth year for us and we need to ensure that the investment community is made aware of our progress towards achieving the potential of our business model. We chose ICR as our investor relations agency not only because of their stellar reputation and their strong presence in the Asia marketplace, but also because of their growing 'Clean Tech' practice, which supports our objective of benefiting from the synergies of other companies who are making their mark in this emerging marketplace."

ABOUT ICR, INC.

ICR, Inc. is a leading financial communications consulting firm specializing in investor relations and corporate communications. ICR has set a new standard for financial communications with a business model driven by deep, capital-markets expertise provided by a team of former Wall Street and corporate professionals, including senior sell-side analysts, portfolio managers, chief financial officers and investment bankers. ICR has offices in Los Angeles, New York, Boston, Beijing, Shanghai, and is headquartered in Westport, Conn.

ABOUT PERFECTENERGY

Perfectenergy International Limited designs, manufactures, and markets customized and standard photovoltaic (PV) solar cells, modules and systems for the worldwide solar market. Perfectenergy currently sells its products into Europe and Asia. The Company began producing its solar products in 2005 from its sophisticated 67,000-square foot manufacturing plant in Shanghai, China.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause the our actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: risks related with reverse stock splits generally, risks associated with the uncertainty of future financial results, our reliance on our sole supplier, the limited diversification of our product offerings, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements. 

DATASOURCE: Perfectenergy International Ltd.



CONTACT:  U.S., Ina McGuinness, [phone], or Asia,

Dan Joseph, [phone], both of ICR Inc.



Web site:  http://www.perfectenergy.com/ 

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