SOURCE: Southridge Enterprises, Inc.

December 07, 2006 09:06 ET

Southridge Announces Ethanol Plant Construction to Commence

DALLAS, TX -- (MARKET WIRE) -- December 7, 2006 -- Southridge Enterprises Inc. (OTCBB: SORD) ("Southridge" or the "Company") is pleased to announce that Southridge Ethanol Inc., the wholly owned subsidiary of the Company, has now executed a definitive contract with Agri Systems, a U.S. ethanol consulting and engineering firm, whereby Agri-Systems has been commissioned to construct an ethanol plant at the Company's Quitman County, Mississippi industrial facility. The plant will be constructed at a cost of $15,000,000 and will be capable of producing 10,000,000 gallons per year of denatured ethanol. The Company is now seeking the required permits and regulatory approvals to allow the process to proceed as expeditiously as possible.

Mr. Alex Smid, the Company's President, states "This contract for the initiation of formal plant construction at our Sledge, Mississippi industrial facility is a milestone in the advancement of Southridge. We are now on track to produce and sell our ethanol products by mid 2007. Based upon our discussions and meetings with authorities, coupled with the high level of cooperation indicated, we feel that our immediate goals and future expansion plans are very attainable."

About Southridge Enterprises, Inc.

Southridge Enterprises is a renewable energy company with a mission to become a significant contributor to ethanol production in the southeastern region of the United States. The Company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes. The Company is acquiring and developing ethanol production facilities and anticipates start-up of the first phase of these operations in 2007. Southridge Enterprises is headquartered in Dallas, Texas. For more information, please visit our website: www.southridgeethanol.com

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, successfully equipping the Quitman County plant for the production of ethanol, and the startup of production of in 2007, if at all.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.

On behalf of the Board of Directors,
Southridge Enterprises Inc.
Alex Smid, President and Director

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