Southridge Announces Appointment of Ken Milken to Chief Executive Officer

DALLAS--(BUSINESS WIRE)--December 18, 2007 Southridge Enterprises, Inc. (OTCBB:SORD) (the "Company"), today announced today announced that Ken Milken has been appointed Chief Operating Officer of the company.

Mr. Milken commented: "I am honored the Board of Directors has expressed its confidence in me. I look forward to continuing to work with the Board and the senior management team and I am excited about the company's future in the alternate energy sector."

Mr. Milken, age 56, joined Southridge Board on December 17, 2007. Before joining the company, Mr. Milken served 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.

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.