SHANGHAI, China, Feb. 6 /PRNewswire-FirstCall/ -- Perfectenergy International Limited (OTC:PFEN) (BULLETIN BOARD: PFEN) is pleased to announce the signing of a 4.4 MW order of solar cells and modules for deployment in Spain, priced at $10.6 million. From this order, approximately 50% is expected to ship from the Perfectenergy manufacturing facility in Shanghai, China by March of 2008 and the balance is expected to ship by May of 2008. "This purchase order demonstrates the success of Perfectenergy's European sales efforts, where we are able to effectively compete due to our local presence, our high quality products and our low cost manufacturing advantage," commented Jack Li, CEO of Perfectenergy International Limited. About Perfectenergy International Limited 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. The full details of the transactions described in this press release can be found in our filings with the Securities and Exchange Commission. 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 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 Limited CONTACT: Perfectenergy International Limited Corporate Information, +86 (21) 54888436, Fax, +86 (21) 54888243 Web site: http://www.perfectenergy.com/

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