Southridge Enterprises Exploring New Ethanol Technology
22 December 2006
Southridge Enterprises, Inc. (OTCBB: SORD) (the "Company") announces that it has signed a confidentiality and non-circumvention agreement (the "Pearson Agreement") with Pearson Technologies Inc., a Mississippi company that has developed and is perfecting a technology for the production of ethanol using comparatively inexpensive materials as feedstock.
Although the Company is bound by the Pearson Agreement and may not disclose Pearson's proprietary process in detail, there are numerous, advantages to the Pearson technology. These include:
a) The use of inexpensive and commonly found biomass (for example wood based feed stock that may be obtained for the cost of removal);
b) The Pearson process results in the creation of few, if any undesirable byproducts;
c) The process is highly efficient and is characterized by both high rates of energy conservation and conversion; and
d) Plant construction costs are relatively low.
The Pearson process generally uses sawdust, wood chips, or bark as feedstock; however, numerous alternate forms of biomass may be utilized by making only minor adjustments to the process. The net result is a greatly reduced production cost.
Southridge is exploring a number of options with Pearson that include licensing, equity participation with revenue sharing, or any combination. It is expected that this would result in a shorter time-line and reduced cost for Southridge to reach its immediate goals.
Mr. Alex Smid, President, Southridge Enterprises Inc. and Southridge Ethanol, Inc. stated that, "While we move toward plant construction and finalize our exact design parameters, it is important for us to closely monitor technical advancements in ethanol production, particularly by turning our attention to the significant saving offered by alternate and lower cost feedstock. Seemingly minor modifications to our designs at this stage will make the difference between the construction of a modern and efficient ethanol production facility, and a facility that has been constructed without regard for presently available advancements in our industry. For this reason we are very enthusiastic about developing a relationship with an innovative company like Pearson."
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
Notice Regarding 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, the development of two ethanol production facilities, any related ethanol production capability, or when any ethanol plant may become operational. 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.
On behalf of the Board of Directors, Southridge Enterprises Inc. Alex Smid, President and Director
Contact: Alex Smid President and Director Tel: 877-729-3835 www.southridgeethanol.com
SOURCE: Southridge Enterprises, Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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