CybeRelease: (OTC: SORD) Gets $10 Million Financing
(CybeRelease, October 19, 2006) - Lake Harmony - - Southridge Enterprises, Inc. (OTC BB: SORD) (the “Company”) recently announced that it has secured a Line of Credit financing for up to $10 Million with a Private Energy Fund. The Company has already drawn $550,000 from the Line of Credit for acquisitions and operations.
Southridge Enterprises, Inc. 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 with a planned capacity of 60 million gallons per year and anticipates start-up of the first phase of these operations in 2007. Southridge Enterprises is headquartered in Dallas, Texas.
To read the complete release, go to http://biz.yahoo.com/iw/061006/0170192.html.
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