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WallStreetPressWire.com: Breaking News Alert: SRDG is on the Move!
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:09102008
Miami, FLA. -- Wall Street Press Wire (www.WallStreetPressWire.com) is
please to highlight its "stocks on the move" for Thursday. Our list
includes: Southridge Enterprises Inc. (OTCBB: SRDG), Geeks On Call
Holdings, Inc. (OTCBB: GOCH), Dell Inc. (NASDAQ: DELL) and Chevron
Corporation (NYSE:CVX).
Wall Street Press Wire is placing aggressive investors on alert to
monitor Southridge Enterprises Inc. (OTCBB: SRDG), a renewable energy
company with a mission to become the ethanol producer of choice in the
southeastern region of the United States.
Tuesday after the markets closed, the company issued an important press
release announcing that Southridge Ethanol, Inc., its wholly owned
subsidiary, has signed a letter of intent ("LOI") to acquire ethanol
plant from Bronsiacco Industrial Ltd
This news should be welcomed by SRDG investors! "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. With this asset on our balance sheet, we have once again
shown our ability to build shareholder value," stated Ken Milken,
President of Southridge Ethanol, Inc.
To close this acquisition, Southridge will use the proceeds of an
equity financing from an Asian-based investment transaction nearing
completion. The purchase is expected to close in 30 days, subject to
certain conditions, including but not limited to completion of
satisfactory due diligence by the Company, the negotiation and
completion of a definitive acquisition agreement, approval of the
Company and Bronsiacco Industrial Ltd. boards of directors and other
customary conditions.
An in-depth profile Southridge Enterprises is available at:
http://www.wallstreetpresswire.com/page.php?BN_UID=120
The stock closed Wednesday at Three cents a share.
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Geeks On Call Holdings, Inc. (OTCBB: GOCH) up 13.6% on 128,000 shares
traded as of 11:15 am east.
On Oct. 8th, announced that CallTheGeeks.com is offering consumers
telephone and online technical support via live chat and online
diagnostics beginning at $19.95 for a single incident.
Dell Inc. (NASDAQ: DELL) up 0.5% on 5.2 million shares traded as of
11:15 am east.
On Oct. 9th, Dell announced the industry's first integrated
disk-to-disk (D2D) based backup and recovery solution -- the Dell
PowerVault DL2000 -- that helps customers simplify data protection
processes while slashing backup times by up to 52 percent and restore
times by up to 77 percent(1) compared to tape.
Chevron Corporation (NYSE:CVX) down 5% on 4.5 million shares traded as
of 11:15 am east.
On Oct. 8th, the company declared the donation of USD500,000 to the
State of California's Department of Forestry and Fire Protection (CAL
FIRE) to help support the cost of battling the state's severe and
costly wildfires this year. The company stated that the donation is in
response to the 2,000 fires that engulfed nearly 1.2 million acres
across the state this summer, which is several times the annual
average. CAL FIRE is dedicated to the fire protection and stewardship
of over 31 million acres of California's privately-owned wildlands. The
Department's firefighters, fire engines and aircraft respond to an
average of more than 5,600 wildland fires each year. In addition,
Chevron will introduce a fire truck as its next Chevron Toy Car with
packaging that will include fire safety tips for children.
Wall Street Press Wire:
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