Southridge Names Two Board Members
DALLAS--Southridge Enterprises, Inc. (OTCBB:SORD) (the "Company"), today announced that Mr. Ken Milken and Mr. Stephen A. Smith have been elected to its Board of Directors.
Mr. Ken Milken is a chemical engineer, entrepreneur and senior corporate executive. He is the former Chairman and Chief Executive Officer of SolarClone, a leading provider of solar power solutions. He grew the revenues of this company from zero to $80 million in less than three years. Prior to this, Mr. Milken was Chairman and CEO of Simco BioTechnologies. From 1982 through 1993, he worked for US Genesis Corporation, eventually serving as Vice President of Worldwide Product Engineering. Mr. Milken was named as Chairman of the BioTechnology Committee.
Mr. Stephen A. Smith has a 30-year career in the international private energy industry. He has lived in Switzerland, the US, Taiwan, Morocco and India. From 1978 to 1981 he was Vice President of ACC Energy Ventures, responsible for the Middle East and India. Mr. Smith was chief financial officer of Kalatta Energy Corp. from 1984 to 1989. He is currently a director of Brio plc and Brio Limited, a mineral resources group, and is a member of its Audit and Remuneration Committees.
Alex Smid, President of Southridge, commented, "These gentlemen bring diverse and extensive business experience to Southridge, and their joining our Board constitutes a strong vote of confidence in our business model. We are extremely fortunate to have them join the Southridge board. Their depth of experience in finance, communications, public policy and business development will help Southridge move to the next level consistent with our growth strategy."
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 2007. Southridge Enterprises is headquartered in Dallas, Texas. For more information, please visit our website: 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 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.
Contacts
Southridge Enterprises, Inc.
Alex Smid, 888-862-2192, ext. 3
http://www.southridgeethanol.com
Mr. Ken Milken is a chemical engineer, entrepreneur and senior corporate executive. He is the former Chairman and Chief Executive Officer of SolarClone, a leading provider of solar power solutions. He grew the revenues of this company from zero to $80 million in less than three years. Prior to this, Mr. Milken was Chairman and CEO of Simco BioTechnologies. From 1982 through 1993, he worked for US Genesis Corporation, eventually serving as Vice President of Worldwide Product Engineering. Mr. Milken was named as Chairman of the BioTechnology Committee.
Mr. Stephen A. Smith has a 30-year career in the international private energy industry. He has lived in Switzerland, the US, Taiwan, Morocco and India. From 1978 to 1981 he was Vice President of ACC Energy Ventures, responsible for the Middle East and India. Mr. Smith was chief financial officer of Kalatta Energy Corp. from 1984 to 1989. He is currently a director of Brio plc and Brio Limited, a mineral resources group, and is a member of its Audit and Remuneration Committees.
Alex Smid, President of Southridge, commented, "These gentlemen bring diverse and extensive business experience to Southridge, and their joining our Board constitutes a strong vote of confidence in our business model. We are extremely fortunate to have them join the Southridge board. Their depth of experience in finance, communications, public policy and business development will help Southridge move to the next level consistent with our growth strategy."
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 2007. Southridge Enterprises is headquartered in Dallas, Texas. For more information, please visit our website: 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 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.
Contacts
Southridge Enterprises, Inc.
Alex Smid, 888-862-2192, ext. 3
http://www.southridgeethanol.com
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