SOURCE: Wall Street News Alert

Wall Street News Alert

October 02, 2008 09:33 ET

Wall Street News Alert: Stocks to Watch This Thursday Morning: SRDG! October 2, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - October 2, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Southridge Enterprises, Inc. (OTCBB: SRDG), Gushan Environmental Energy Limited (NYSE: GU), Pacific Ethanol, Inc. (NASDAQ: PEIX) and Chevron Corporation (NYSE: CVX).

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There is additional breaking news coming from Southridge Enterprises, Inc. (OTCBB: SRDG), and investors are urged to continue monitor the stock closely this morning! Early this morning, the company issued a press release announcing that it has established a Special Committee of Directors and initiated a strategic review process to enhance shareholder value.

More great news for SRDG! The Special Committee is comprised of Ken Milken, President and Chief Executive Officer, Stephen Smith, Chief Financial Officer and Marcio Santos, Director. The process is being undertaken in response to recent events including the current valuation of the Company.

"Despite record revenue and strong internal growth, the Company's shares trade at a discount to its historical valuation benchmarks," said Mr. Milken, President and Chief Executive Officer.

"Over the past three years, Southridge has successfully executed an aggressive growth strategy marked by key acquisitions and new strategic ethanol sales contracts," said Mr. Milken. "At the same time, we have improved our financial performance. It now makes sense to explore strategic alternatives that may enhance shareholder value," he added.

The company also reported this week it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 15 million gallons of ethanol per year. Deliveries are expected to begin in October 2008. The ethanol is being sourced from Petrozilian Energia SA (PES) from Brazil.

Over the last several quarters the company completed several similar ethanol sale transactions with European based buyers. However, this new transaction with JHTG is a direct result of our increased exposure from the Company's market awareness program in the Asian Pacific Rim. The Company expects this to be the second of many purchases to come from that region.

Investors are urged to continue to monitor the progress of the company!

The stock closed Wednesday at Four cents a share.

For a recent Wall Street News Alert's in-depth profile of Southridge Enterprises, visit http://www.WallStreetNewsAlert.com/HotStocks/SRDG100108/default.aspx.

Gushan Environmental Energy Limited (NYSE: GU) down 2.3% on 687,000 shares traded. Gushan Environmental Energy Limited is China's largest producer of biodiesel, as measured by annual production capacity. The Company produces biodiesel, a renewable, clean-burning and biodegradable fuel, primarily from vegetable oil offal and used cooking oil, and by-products from biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide.

Pacific Ethanol, Inc. (NASDAQ: PEIX) up 1.4% on 1.3 million shares traded. Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California.

Chevron Corporation (NYSE: CVX) down 0.3% on 14.6 million shares traded. Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business.

Market Commentary:

"Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and foreign automakers alike last month, with Ford, Toyota, Chrysler and Nissan all posting drops of more than 30 percent," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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