SOURCE: Southridge Enterprises, Inc.

October 25, 2006 16:00 ET

Robert Hamlin Named to Southridge Board

DALLAS, TX -- (MARKET WIRE) -- October 25, 2006 -- Southridge Enterprises, Inc. (OTCBB: SORD) (the "Company") announced today the appointment of Robert Hamlin to the Company's Board of Directors.

Robert Hamlin is the Chief Executive Officer and majority owner of Agri Systems, a leading U.S. ethanol consulting and engineering firm. Mr. Hamlin has been using his specialized expertise in process design, engineering and industrial construction to build and start-up the operations of ethanol plants since 1993. The scope of Mr. Hamlin's project management experience spans over 30 years and extends to financial operations, sales and the direction of legal and contractual efforts. Under his management, Mr. Hamlin has led the design, engineering, and construction for many industrial projects in addition to ethanol plants such as feed processing facilities, large commercial grain handling, food grade and wood processing plants, power plants and cement terminals.

According to Southridge President Alex Smid, "We are very pleased to attract such a high caliber individual to our Board. Mr. Hamlin has been a pioneer in support of ethanol as a renewable fuel source for many years and continues to be a leader in the construction of ethanol plants today. He is an expert at designing, coordinating and monitoring all of the operating elements of a plant to ensure the efficient production of ethanol. We expect to receive valuable counsel from Mr. Hamlin's extensive experience as we continue to promote the growth of the ethanol industry and build shareholder value with the expansion of Southridge."

About Southridge Enterprises, Inc.

Southridge Enterprises 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. 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, the development of two ethanol production facilities, any related ethanol production capability, or when any ethanol plant may become operational.

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
www.southridgeethanol.com

Contact Information

  • Contact:
    Alex Smid
    President and Director
    Southridge Enterprises, Inc.
    Tel: 877-729-3835