Southridge Corporation Acquires Option on Land in Texas

DALLAS-- January 14, 2008 --Southridge Enterprises, Inc. (OTCBB:SORD) (the "Company") today announced that it has acquired an option to purchase land for an ethanol plant near Dallas, TX. Southridge is evaluating numerous site location criteria to determine whether the proposed site is suitable for the construction and operation of a 50 million gallon per year (MGY) ethanol plant. Southridge's site location criteria include access to an abundant supply of corn, access to multiple modes of transportation for corn, ethanol and distillers grains, availability of a sufficient amount of water that is of suitable quality, availability of natural gas and other necessary utilities and infrastructure, and access to a qualified labor force.

The proposed plant near Dallas would be a 50 MGY natural gas fired, dry-grind ethanol facility. A plant of this size typically consumes approximately 18 million bushels of corn and produces 160,000 tons of dried distillers grains annually. Once operational, a facility of this size would likely employ more than 30 people. This will bring the company's total expected ethanol production capacity to 80 million gallons of ethanol per year, through three facilities.

"These acquisitions represent important steps in the company's evolution from a closely-held start up to one of the country's leading publicly traded ethanol producers," said CEO Ken Milken. "A highly focused management team and strong scalable production line are critical components to our future success as we navigate the more challenging conditions facing our industry today."

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 2007, 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.