MobiWire: MobiWire Alert: Companies to Watch for September 30, 2008
Royal Palm Beach, FLA, Sep 30, 2008 (M2 PRESSWIRE via COMTEX) -- MobiWire's "stocks to watch" this morning are: Southridge Enterprises, Inc. (OTCBB: SRDG), and The Beard Company (OTCBB: BRCO)
Southridge Enterprises, Inc. News - September 30, 2008
Dallas, TX -- There is major news coming from Southridge Enterprises, Inc. (OTCBB: SRDG), and investors are urged to monitor the stock closely! Recently the company issued a press release announcing that it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 15 million gallons of ethanol per year.
Great news for the company! 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 second of many purchases to come from that region.
The Beard Company News - September 30, 2008
Oklahoma City, OK, -- The Beard Company (OTCBB: BRCO) reports the conversion of its 2008 and 2010 notes has recently been completed.
The company has released that it has completed the Forced Conversion of its outstanding $46,332 of Series A 12% Convertible Subordinated Notes due August 30, 2008, its outstanding $511,995 of Series B 12% Convertible Subordinated Notes due November 30, 2008, and its outstanding $2,205,300 of 12% Convertible Subordinated Notes due February 15, 2010. The pending conversions were previously announced on August 25 and August 26, 2008. All of the Notes were converted at their Conversion Price of $1.00 per share. As a result of the conversions our total outstanding common shares have increased to 9,374,869.
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