SOURCE: IO Circuit

October 19, 2006 06:45 ET

(OTC: SORD) Secures $10 Million Financing

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - October 19, 2006) - Southridge Enterprises, Inc. (OTCBB: SORD) (the "Company") recently announced that it has secured a Line of Credit financing for up to $10 million with a Private Energy Fund. The Company has already drawn $550,000 from the Line of Credit for acquisitions and operations.

About Southridge Enterprises, Inc.

Southridge Enterprises, Inc. is a renewable energy company with a mission to become the ethanol producer of choice 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 actively acquiring and developing ethanol production facilities with a planned capacity of 60 million gallons per year and anticipates start-up of the first phase of these operations in 2007. Southridge Enterprises is headquartered in Dallas, Texas.

To read the complete release, go to

Other active stocks ATI Technologies Inc. (NASDAQ: ATYT), Silicon Storage Technology, Inc. (NASDAQ: SSTI) and Investors Financial Services Corp. (NASDAQ: IFIN).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $995.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.

Contact Information