Forex SRGE Continues It Strong Move Out Of Triple Zero's

Forex

Southridge Announces Record Mineral Production and Revenues for Fourth Quarter of 2012
DALLAS, TX, Sep 05, 2012 (MARKETWIRE via COMTEX) -- Southridge Enterprises Inc. (PINKSHEETS: SRGE) ('Southridge' or the 'Company') is pleased to announce that it has recorded milestone mineral production and revenues for the fourth quarter and year ending August 31, 2012, from its 60 ton per day (tpd) mill site at Cinco Minas in Jalisco, Mexico. In fiscal 2012, the Company processed over 9,000 tons of ore and recorded revenues of $3.14 Million.

Cinco Minas is the Company's flagship mineral property with a 60 tpd mill and 2 year supply of ore production currently on surface. In 2012, the Company confirmed the surface stockpile grades cited in the 2007 Behre Dolbear Report and released the planned expansion to increase the mill capacity to 500 tpd. Additionally, the Cinco Minas property has a world-class confirmed gold and silver resource of 235,000 oz. gold, and 23.3 million oz. silver with 80% of the known vein system at Cinco Minas has yet to be tested. Today's market value of the confirmed resource at Cinco Minas is well over $1 Billion USD, prior to the completion of further planned exploration to expand the resource.

'We are excited to announce our initial mineral production and revenues. It has been a challenging couple of years for both management and shareholders, since we first began our new Mexican gold and silver exploration and production initiative. Today's announcement of our record revenues clearly shows our undeniable success in making the Company's goals a reality,' expressed Southridge President & CEO, Michael Davies.

In other recent Company developments, the anticipated and long-awaited public update at the Mexican Mining Registry of the Cinco Minas mineral concession ownership being duly reflected in Southridge's name is now complete. Also, the Company had now engaged the necessary professional services to migrate and up-list the Company's reporting status back to the Over-The-Counter Bulletin Board. It is anticipated that this process will be complete before the end of 2012.

Additionally, Mathers Research has initiated research coverage of Southridge, with a 'Speculative BUY' Opinion and a near term price target of $0.20 cents per share. The Mathers Research report is available as a free download on the Mathers Research Website @http://mathersresearch.com/srge-report

For further information on the Company's Gold and Silver projects, visit our website, http://www.southridgeminerals.com

Southridge Investors can access the following Southridge Minerals social media channels:

YouTube Cinco Minas Mexico Project: (http://youtu.be/R6P8oght4Ik)

(http://youtu.be/o2LfLaSu8ww)

(http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466 ) (http://twitter.com/SouthridgeSRGE)

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 early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests 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 and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.

Forward-Looking Statements Although the Company believes that the forward-looking statement of 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 published current and periodic reports.

Oil Coca-Cola says it alerted FDA about fungicide

Oil Coca-Cola says it alerted FDA about fungicide Coca-Cola says it alerted FDA about fungicide after finding it in orange drinks Companies: Pepsico, Inc. RELATED QUOTES Symbol Price Change PEP 64.63 -0.38 NEW YORK (AP) -- Coca-Cola Co. said Thursday it alerted the Food and Drug Administration after it discovered via testing its own and competitors' products that some Brazilian growers had sprayed their orange trees with a fungicide that is not approved for use in the U.S. The FDA had said Monday that an unnamed juice company alerted it in December after detected low levels of the fungicide in orange juice products after testing its own and competitors' products. Most orange juice products made by Coke and other companies contain a blend of juice from different sources including Brazil. Atlanta-based Coca-Cola did not say which of its own and others' products it tested contained the fungicide. Its own orange juice products include Simply Orange and Minute Maid. [Also see: Taste Test of Starbucks' New Blonde Coffee] 'This is an industry issue that affects every company that produces products in the U.S. using orange juice from Brazil,' said Coca-Cola spokesman Dan Schafer. He declined to say whether its tests shows fungicide in Coca-Cola products The FDA has said the low levels found of the fungicide aren't a safety risk but they will increase testing to make sure the contamination isn't a problem. The fungicide, carbendazim, is not currently approved for use on citrus in the U.S., but is used in Brazil, which exports orange juice to the United States. Brazil is the biggest producer of oranges in the world, according to the Agriculture Department. Coca-Cola says it continues to work with the FDA on the issue. [Also see: Classic Comfort Foods Made Healthy] In addition to Coca-Cola, Pepsico Inc.'s Tropicana brand is one of the largest U.S. orange juice producers. Coca-Cola shares fell 40 cents to $67.66 in morning trading Thursday. PepsiCo shares fell 28 cents to $64.73 per share.

Forex Bloomberg exec in talks to run New Corp's Dow Jones

Forex Bloomberg exec in talks to run New Corp's Dow Jones RELATED QUOTES Symbol Price Change NWSA 18.88 +0.06 TRI.TO 27.80 -0.14 APKN.PK 0.012 0.00 TRI 27.82 -0.10 (Reuters) - Rupert Murdoch's News Corp is in 'serious talks' to poach veteran Bloomberg LP executive Lex Fenwick to run its Dow Jones publishing business, which houses the Wall Street Journal, according to two people familiar with the discussions. Fenwick, who founded Bloomberg Ventures in 2008, was previously chief executive of Bloomberg LP, taking over from the company founder Michael Bloomberg in December 2001. Wall Street Journal reported news of the talks earlier on Friday. The top job at Dow Jones has been vacant since last July when then-Publisher and Chief Executive Les Hinton resigned in the wake of the phone-hacking scandal at News Corp's UK newspaper unit, which had previously run. Hinton told a UK parliamentary inquiry in 2009 that any problem with phone hacking at the company's papers was limited to one case. It was later revealed that thousands of ordinary people and celebrities had been the victims of the voice mail hacking. Hinton, who worked with News Corp for 52 years, was perhaps Murdoch's closest associate. Bloomberg and Dow Jones compete with Thomson Reuters. (Reporting By Yinka Adegoke; Editing by Steve Orlofsky)