SOURCE: Southridge Enterprises, Inc.

January 25, 2007 16:16 ET

Southridge Comments on White House Energy Initiatives

DALLAS, TX -- (MARKET WIRE) -- January 25, 2007 -- Southridge Enterprises, Inc. (OTCBB: SORD) (the "Company") wishes to comment on the alternate fuel initiatives recently announced by President George W. Bush.

If there was ever any doubt that the United States of America has embarked on a path of greatly reduced dependence on fossil fuels, President Bush has recently taken a number of initiatives and published statements that make America's direction very clear. There is now, more than ever, a concerted effort being mounted by the American federal government to reduce greenhouse emissions and increase support for renewable energy sources.

In his State of the Union address on January 23, 2007, President Bush announced a plan to reduce gasoline usage by 20% within 10 years. He called on Congress and all Americans to join him in pursuing the goal of reducing U.S. gasoline usage, which will help increase America's energy security by reducing its dependence on oil. Achieving this goal will also help address climate change concerns by potentially stopping the projected growth of carbon dioxide emissions from cars, light trucks, and SUVs within 10 years. This goal will be achieved by increasing the supply of renewable and alternative fuels by setting a mandatory fuel standard to require 35 billion gallons of renewable and alternative fuels in 2017 -- nearly five times the 2012 target now in law. In 2017, this will displace 15 percent of projected annual gasoline use. Significantly, the administration's farm bill proposal will include more than $1.6 billion of new funding over ten years for energy innovation, including bio-energy research, energy efficiency grants, and $2 billion in loans for ethanol plants.

On January 24, 2007, President Bush signed an Executive Order to support alternative fuel use and help the federal government increase alternative energy use by 10% annually. The order requires federal agencies to lead by example in advancing the Nation's energy security and environmental performance through effective environmental, energy, and transportation management. The President has set the goal of reducing petroleum consumption in fleet vehicles by two percent annually through 2015.

Mr. Alex Smid, President of Southridge Enterprises, Inc., stated: "It is clear that our industry is in an extreme growth phase and that our company is ideally positioned to take full advantage of the important initiatives proposed by President Bush. It is important to note that, irrespective of the party controlling the Senate or Congress, the significant emphasis on alternative fuel sources, reduction of harm to the environment, and enhanced homeland security by increased energy independence, are non-partisan issues that are destined to remain on the forefront of American awareness for a long time to come. We are proud that we can support America in this manner and, at the same time, create a company that will offer true growth and capital appreciation opportunities for its shareholders."

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 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:

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 Southridge's two-phase ethanol production facility, any ethanol production, when an ethanol plant may actually become operational, and the performance of our stock. 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 financing and developing an early stage company in the alternative energy industry, demand for ethanol products and the 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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