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 http://biz.yahoo.com/iw/061006/0170192.html

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