CORRECTION: PM & E News release

PM & E, Inc. announced today that it’s wholly owned subsidiary, Suncetix Inc. which engaged in Research & Development and production of Concentrated Modular Photovoltaic Applications of high efficiency and low cost has further developed new PV cells which are much more efficient than cells currently available on the market. Such new efficiency is achieved by adding new active layers to already existing cell. Preliminary tests showed that after addition of these new layers the efficiency of the solar cell increased by 2 - 2.8 times, with significantly small increases in cost. In lab tests solar cell efficiency went from 12% to nearly 25% after the additional layers were added. CEO Mr. Jack Merck said:” The Company is very excited to see preliminary lab results, future development of this technology may significantly reduce the costs required to increase efficiency of solar cells. Implementation of these modified cells in MPVS may decrease dramatically $/Kwh even in comparison to results already obtained by our system which has an average cost of 2c or less per Kwh

Forward Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Info

Website: http://www.suncetix.com/