DALLAS, Sept. 19, 2007 (PRIME NEWSWIRE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site is initiating Profile Coverage of Southridge Enterprises Inc. (OTCBB:SORD). Southridge Enterprises is a development stage renewable energy company. Through its subsidiary, Southridge Ethanol, Inc. is engaged in the production and sale of ethanol. The Company's strategy is to develop a bio-refinery and become the low cost ethanol producer of choice in the Southeast area of the United States. Southridges' production plant is strategically located at Sledge, Mississippi, which offers an abundant supply of corn and a superior transport infrastructure. The Company intends to employ the latest cellulosic ethanol manufacturing technology to produce ethanol, thereby increasing the energy efficiency of its fuel-grade ethanol. SORD intends to accelerate its start-up plans by re-structuring and renovating an existing industrial unit into a state-of-art ethanol producing unit, saving considerable time and capital. The Company currently is targeting the necessary financing to start production at its proposed 10 MMGY production facility. Thereafter, Southridge intends to scale-up its operations and increase its production capacity to 60 MMGY by 2010, and 100 MMGY between 2012 and 2013. Southridge Enterprises is currently the only ethanol producer in the state of Mississippi.
To view the StockGuru.com Profile for Southridge Enterprises Inc., please visit: http://www.stockguru.com/profiles/sord
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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, successfully equipping the Quitman County plant for the production of ethanol, and the startup of production of in 2008, if at all.
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.
Disclosure: Pentony Enterprises LLC has been compensated $10,000 directly from the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.