DD Support Board and Research Team

[I-Glow]

I was trying to find the SRGE Ethanol plant that as Janice pointed out accounts for half of their assets. While looking I found a press release that stated

Southridge Enterprises Inc. has announced that it is ahead of schedule in the completion of its El Salvador-based ethanol production facility.

Then it says that sales agreement....

Southridge also announced that it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 20 million gallons of ethanol per year.

I then looked for Jinsung Ho Trading Group (JHTG) and you might guess I could only find it associated with SRGE.

I am curious as to why they pulled out of the ethanol business when they had a $35 million deal with Jinsung Ho.

Nothing has changed with these guys - seems obvious the same people are in control.

And a few other goodies:

Southridge Enterprises, Inc. announced that the Company's subsidiary, Southridge Brasilia Corp. ("SBC"), has received a total of $7,500,000 from its project partners for the construction of the ethanol facility in Brazil.

Southridge Enterprises Inc. announced that Southridge Ethanol, Inc., its wholly owned subsidiary, has signed a letter of intent ("LOI") to acquire ethanol plant from Bronsiacco Industrial Ltd.

"The opportunity to acquire this plant has given Southridge a tremendous advantage to be a large producer of ethanol in Brazil. By purchasing an existing plant, we will be able to produce 50 million gallons per year (MMGY) by May 10, 2009.

I bet Bronsiacco Industrial Ltd. exists in SRGE press releases only.

Southridge Enterprises, Inc. today announced that Southridge Environmental, Inc., its wholly owned subsidiary, has closed on the purchase of an industrial plant facility located in Quitman County, Mississippi.

Pretty impressive operation - my best guess is that Ethanol couldn't stir the fires of investors like Gold can do. Plus, since everything is only in press releases it is pretty easy to change the core business. Actually, the core business is still the same - fleecing investors.

IG