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There is major news coming from Southridge Enterprises, Inc. (OTCBB: SRDG), and investors are urged to monitor the stock closely this morning! Early this morning, the company issued a press release announcing that it has entered into an ethanol sales agreement with Hong Kong-based Jinsung Ho Trading Group (JHTG) for the supply of 15 million gallons of ethanol per year.

Great news for the company! Deliveries are expected to begin in October 2008. The ethanol is being sourced from Petrozilian Energia SA (PES) from Brazil.

Over the last several quarters the company completed several similar ethanol sale transactions with European based buyers. However, this new transaction with JHTG is a direct result of our increased exposure from the Company's market awareness program in the Asian Pacific Rim. The Company expects this to be the second of many purchases to come from that region.

Investors are urged to continue to monitor the progress of the company!

The stock closed Friday at over Two cents a share.

Yahoo! Inc. (NASDAQ: YHOO) down 1.4% on 14.9 million shares traded.

Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust.

XTO Energy Inc. (NYSE: XTO) down 4.2% on 10.3 million shares traded.

XTO Energy Inc. is a domestic natural gas producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana, Mississippi, Montana, North Dakota, Pennsylvania and West Virginia.

Occidental Petroleum Corporation (NYSE: OXY) down 0.7% on 6.3 million shares traded.

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in North America, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on equity market capitalization.