Southridge Provides Investor Update
April 12 2011 - 4:00PM
Marketwired
Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the
"Company") is pleased to announce today that it has initiated the
process of submitting its application for the OTC Disclosure and
News Service on OTC Markets.
Mr. Michael Davies, President of the Company said, "We are
pleased to announce that we will be submitting our application for
the OTC Disclosure and News Service on the OTC Markets no later
than April 25, 2011. We have completed our Financial Statements for
FY 2009 and FY 2010 and our Disclosure Statement for Filing on
www.OTCMarkets.com website and expect to have our listing status
moved to 'Current Information' by May 1, 2011."
The steps taken by Southridge to upgrade the OTC Markets status
will provide shareholders with complete transparency on all
information regarding Company's business and financial
conditions.
OTC Markets Inc. is a privately owned company based in New York
that provides a suite of products and services for the U.S. OTC
securities market. The company operates electronic quotations,
trading, messaging, and information platforms.
About Southridge Minerals, Inc. (PINKSHEETS: SRGE) Southridge
Minerals, Inc. is a U.S.-based mineral exploration company
dedicated to acquiring and developing mineral resources in
geologically permissible and politically stable areas of the world.
The Company seeks out on early state opportunities with good
mineralization indicators that can carry plenty of blue-sky
potential. Southridge progresses these projects that are or will be
of interest to mid-size and major producers. By forming ventures on
individual projects, the Company expects to grow and maintain an
interest in mines operated by its partners, allowing it to continue
to build value through continued exploration. Southridge is
currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico, the
geology conditions of formation of known large gold deposits that
up until now have received very little attention. This way it can
focus geographically and on a couple of commodities to give its
shareholder return on their investment in the most efficient way
possible.
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.
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.
Michael Davies President Tel. (214) 699-6255 Email:
info@southridgeminerals.com http://www.southridgeminerals.com
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