Wall Street News Alert's "stocks to watch" this morning are:
Southridge Enterprises, Inc. (OTCBB: SRDG), VeraSun Energy Corp.
(NYSE: VSE), Archer Daniels Midland Company (NYSE: ADM) and Cosan
Limited (NYSE: CZZ).
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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 signed an agreement with
Beijing-based investment firm, Shenyang Rrzk Co., Ltd., to sell a
20% interest in the Company's El Salvador ethanol facility for $4
million.
Great news for the company, as this foreign investment
participation in the El Salvador plant stems directly from the
effectiveness of our Asian market awareness program currently being
implemented by marketing firm Kikomaki Corp. The Company began
construction of the ethanol manufacturing plant in El Salvador in
February 2008. According to the release, the new plant will have a
maximum annual capacity of 20 million gallons per year and for a
total cost of approximately $20 million. The construction of the
first phase of the facility is expected to be completed by early
2009 with the entire plant operational near the end of 2009 or
early in 2010.
"The completion of the El Salvador facility will solidify
Southridge as a significant US-based ethanol producer with a strong
international presence in the ethanol industry. In addition, the
rapid development towards the completion of our plant in Brazil
will further launch the Company towards its goal of becoming a
major global supplier of ethanol," commented Southridge President,
Ken Milken.
Investors are urged to continue to monitor the progress of the
company!
The stock closed Wednesday at Ten cents a share.
For a recent Wall Street News Alert's in-depth profile of
Southridge Enterprises, visit
http://www.WallStreetNewsAlert.com/HotStocks/SRDG090308/default.aspx.
VeraSun Energy Corp. (NYSE: VSE) up 4.7% on 2.3 million shares
traded.
VeraSun Energy Corporation, headquartered in Brookings, S.D., is
a leading producer and marketer of ethanol and distillers grains.
Founded in 2001, the company has a fleet of 16 production
facilities in eight states, of which two are still under
construction. VeraSun Energy is scheduled to have an annual
production capacity of approximately 1.64 billion gallons of
ethanol and more than five million tons of distillers grains by the
end of 2008.
Archer Daniels Midland Company (NYSE: ADM) down 1.4% on on 6
million shares traded.
Every day, the 27,000 people of Archer Daniels Midland Company
(NYSE: ADM) turn crops into renewable products that meet the
demands of a growing world. At more than 240 processing plants, we
convert corn, oilseeds, wheat and cocoa into products for food,
animal feed, chemical and energy uses. We operate the world's
premier crop origination and transportation network, connecting
crops and markets in more than 60 countries.
Cosan Limited (NYSE: CZZ) down 2.1% on 304,000 shares
traded.
Cosan Limited through its subsidiaries, engages in the
manufacture and sale of sugar and ethanol primarily in Brazil. It
grows and processes sugarcane to produce standard sugars, including
raw sugar, crystal sugar, and organic sugar; and refined sugars,
including granulated refined white sugar, amorphous refined sugar,
refined sucrose liquid sugar, and refined inverted liquid sugar.
The company also produces and sells hydrous, anhydrous, and
industrial ethanol.
Market Commentary:
"OIL NEWS: With falling demand and a stronger dollar light,
sweet crude for October delivery fell 36 cents to settle at $109.35
a barrel on the New York Mercantile Exchange, after earlier dipping
as low as $107.22," stated Sonja Rudd in Wall Street News Alert's
daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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