Southridge Attracts $4 Million Asian Investment

Southridge Enterprises, Inc. announced that it has signed an agreement with Beijing-based investment firm, Shenyang Rrzk Co., Ltd., to sell a 20% interest in the Company’s El Salvador ethanol facility for $4 million. This foreign investment participation in the El Salvador plant stems directly from the effectiveness of our Asian market awareness program currently being implemented by marketing firm Kikomaki Corp.

The Company began construction of the ethanol manufacturing plant in El Salvador in February 2008. The new plant will have a maximum annual capacity of 20 million gallons per year and for a total cost of approximately $20 million. The construction of the first phase of the facility is expected to be completed by early 2009 with the entire plant operational near the end of 2009 or early in 2010.

“The completion of the El Salvador facility will solidify Southridge as a significant US-based ethanol producer with a strong international presence in the ethanol industry. In addition, the rapid development towards the completion of our plant in Brazil will further launch the Company towards its goal of becoming a major global supplier of ethanol,” commented Southridge President, Ken Milken.

Dallas-based Southridge is developing ethanol plants in Brazil and El Salvador.

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.