SOURCE: Southridge Enterprises, Inc.

February 07, 2007 10:00 ET

Southridge President Delivers Open Address to Shareholders

DALLAS, TX -- (MARKET WIRE) -- February 7, 2007 -- Southridge Enterprises, Inc. (OTCBB: SORD) (the "Company") today released President Alex Smid's comments on operations.

"In light of our mission to produce and distribute ethanol within America in the shortest possible time with the best possible results for our shareholders, our initial operating period has been very rewarding.

"We purchased the Sledge, Mississippi plant by drawing on our line of credit facility, and sourced equipment for installation at the plant. We engaged Agri-Systems to help us design and build a modern 10 million gallon per year production facility. We developed an association with Mississippi State University where we will work with the University to advance ethanol education. We signed a contract under which we intend to import and distribute Brazilian ethanol, an initiative that is being taken by us to provide some early cash flow and a good hedge against domestic fluctuations.

"We have placed a significant reliance on outside industry experts in order to avoid or reduce the impact of the pitfalls characteristic of any emerging and competitive industry. We retained Duff & Phelps to consult on our phased development in Mississippi, FC Stone LLC to consult on risk management and commodity supply and, in order to facilitate a stable market for our ethanol, we retained ITEC Refining and Marketing Company Ltd.

"The Company intends to take advantage of all available government assistance in order to minimize its startup and operation costs. Given the recent announcements and initiatives being taken by all levels of government to address the dual concerns of global warming and foreign energy dependence, I firmly believe that we are in what could be described as 'the perfect storm' for ethanol production. The Company will take full advantage of this unique opportunity through innovation and common sense practicality. During our short history we have accomplished a great deal, and I am looking forward to even greater accomplishments during the upcoming periods."

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, a 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: 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 Southridge's two-phase ethanol production facility, any ethanol production or ethanol imports, or when an 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

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