Southridge Enterprises Announces New Symbol and Forward Stock Spit.DALLAS -- Southridge Enterprises Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SDGE SDGE San Diego Gas Electric SDGE Stochastic Dynamic General Equilibrium (economics) SDGE Scalable Dual Graphics Engine ) (OTCBB:SORD) (the "Company") announces that it has effected a five (5) for one (1) forward stock split of its authorized, issued and outstanding shares. As a result, the Company's authorized capital authorized capital n (COMM) → capital m autorizado or social authorized capital n (Comm) → capital social has increased from 100,000,000 shares of common stock with a par value of $0.001 and 100,000,000 shares of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. with a par value of $0.001 to 500,000,000 shares of common stock with a par value of $0.001 and 500,000,000 shares of preferred stock with a par value of $0.001. Our current issued and outstanding share capital has increased from 10,335,000 shares of common stock to 51,675,000 shares of common stock. The forward stock split will become effective with NASDAQ's Over-the-Counter Bulletin Board at the opening for trading on October 3, 2006 under the new stock symbol "SORD". The Company's new CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. is 84467T 20 5. On behalf of the Board of Directors, Southridge Enterprises Inc. Alex Smid, President and Director Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains statements, which may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ". Those statements include statements regarding the intent, belief or current expectations of the Company, and members of its management as well as the assumptions on which such statements are based. Forward-looking statements in this release include statements that include the Company's expectation on the completion of a forward stock split. It is important to note that actual outcomes and the Company's actual results may differ materially from the forward looking statements, and risk factors could prevent or delay their occurrence. Factors which could affect these future events include our being unable to comply with regulatory requirements, regulatory or shareholder approvals not being forthcoming, or other factors. For further risk factors see the Company's annual report on Form 10-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission. |
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