Southridge CEO Issues Shareholder Update

DALLAS--(BUSINESS WIRE)--December 18, 2007 Southridge Enterprises, Inc. (OTCBB:SORD) (the "Company") Ken Milken, CEO, issued a shareholder update.

"On behalf of Southridge Ethanol, Inc., I would like to personally thank our present and future shareholders for putting their faith and trust in us," said Milken. "I would like to take this opportunity to provide you with clarity in regard to who we are and where we are going.

"Southridge Ethanol is a renewable energy company with a mission to become the ethanol producer and supplier of choice in the southeastern region of the United States. The company has spent a significant amount of time and capital building a solid infrastructure.

"Southridge will continue with our commitment to attract and recruit the very best in talent, experience and innovation to provide a management team capable of achieving extraordinary results. We are looking forward to breaking ground on our new biorefinery complex in Mississippi during the upcoming quarter. Financing for this project has been a challenge during the past year due to the downturn in the commodities markets, however, our patience and determination has paid off in the form of a solid financing plan for this project to be executed early in 2008.

"Several acquisitions of other ethanol plants and cellulosic technologies are close to completion and will be announced during the next 2 quarters. We see ourselves already positioned as a future leader in the emerging renewable energy sector. Additionally, we have made significant progress toward creating alliances, signing contractual agreements and we will be continuing to keep our shareholders updated on a regular basis. I sincerely thank you for sharing our vision and we look forward to a productive and profitable partnership," said Milken.

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.