Home | Business News | Browse by Publication | M | M2 Presswire

SORD Highlights!!

Article Excerpt
M2 PRESSWIRE-2 November 2006-SmallCapStockAnalyst.com: SORD Highlights!!(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:02112006

Stocks to Watch: Southridge Enterprises Inc. (OTCBB: SORD) , Meridian Resource Corporation (NYSE:TMR), Sun Microsystems, Inc (Nasdaq: SUNW), Sage Global Solutions, Inc (PinkSheets: SGGL), Salton Inc. (NYSE:SFP)

Featured Stock: Southridge Enterprises Inc.

(OTCBB: SORD) Current Price (1.54) www.smallcapstockanalyst.com

Southridge Enterprises Signs Letter of Intent to Acquire Ethanol Plant in Louisiana Tuesday October 31, 4:01 pm ET DALLAS, TX - Southridge Enterprises Inc. (OTC BB:SORD.OB - News) (the "Company") today announced that Southridge Ethanol, Inc., its wholly owned subsidiary, has signed a letter of intent ("LOI") to acquire ethanol plant equipment from South Louisiana Ethanol, LLC. The plant was built to refinery specifications utilizing the latest technology for a total cost of $110 million and is capable of producing up to 60 million gallons per year (MMGY).

The former Missalco plant was built in the late-1980s during the initiative to expand ethanol production. Under the direction of engineering specialists, the plant will be dismantled, transported and re-assembled at the Company's facility in Quitman County, Mississippi. The Company has been advised that the equipment should be operational by June 15, 2007, at the Mississippi plant site. The relocation of the Louisiana plant is a unique opportunity to significantly shorten the Company's timeline to become an ethanol producer.

"The opportunity to acquire this plant has given Southridge a tremendous advantage to be a large producer of ethanol at a quarter of the cost and a third of the time. By purchasing an existing plant and re-locating it, we will be able to produce 60 million gallons per year (MMGY) by June 15, 2007. With this asset on our balance sheet, we...