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DALLAS, Aug. 13 /PRNewswire-FirstCall/ -- Southridge Enterprises, Inc.
(OTC Bulletin Board: SRDG; the "Company") today announces it has added the
expertise of Brazilian industry professional Mr. Marcio Santos to its board of
Directors.
Mr. Marcio Santos was a founding investor and director of Solmino
Renewable Energy, a Brazilian sugarcane ethanol company. Mr. Santos worked
closely with Solmino management to raise more than $150 million. His
involvement in the sugarcane industry dates back to the early 1990s when he
advised a Brazilian sugarcane cooperative. He also has experience working with
financial institutions, as well as entities engaged in the business of cargo
transportation and integrated logistics.
"We are extremely fortunate to have Mr. Santos join the board, during this
critical period of our Company's development in Brazil. With over 20 years of
experience, Mr. Santos will facilitate and expedite the completion of our
production facilities and our ethanol export operation in Brazil," said Ken
Milken, CEO of Southridge.
Dallas-based Southridge is developing ethanol plants in Mississippi,
Texas, El Salvador and Brazil.
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 2009. Southridge Enterprises is headquartered in Dallas, Texas.
For more information, please visit our website:
http://www.southridgeethanol.com.
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, successfully
equipping the Quitman County plant for the production of ethanol, and the
start-up of production of in 2009, 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.
SOURCE Southridge Enterprises, Inc.
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