Southridge Signs $48 Million Ethanol Sales Agreement

    DALLAS, Aug. 20 /EMWNews/ -- Southridge Enterprises, Inc.

(OTC Bulletin Board: SRDG; the "Company") today announced that it has

entered into an ethanol sales agreement with Hong Kong based Jinsung Ho

Trading Group (JHTG) for the supply of 20 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 first of many purchases to come from that region.

    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.