OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, October 1st SRDG, GCHK, MEDP, GBTS

Our Stocks to Watch today include Southridge Enterprises Inc. (OTCBB: SRDG), GreenChek Technology Inc. (OTCBB: GCHK), MedSpas of America Inc. (OTC: MEDP) and Gateway Financial Holdings Inc. (Nasdaq: GBTS).

SOUTHRIDGE ETHANOL INCORPORATED (OTCBB: SRDG)

"Up 17.86% in morning trading"

Southridge Ethanol, Inc. is a renewable energy company with a mission to become the ethanol producer of choice in the southeastern region of the United States. The company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes. The Company is actively acquiring and developing ethanol production facilities with a planned capacity of 60 million gallons per year and anticipates start-up of the first phase of these operations in 2007. Southridge Ethanol is headquartered in Dallas, TX.

GREENCHEK TECHNOLOGY INCORPORATED (OTCBB: GCHK)

GreenChek Technology, Inc. manufactures and distributes hydrogen injection technology devices that primarily focus on mobile transportation applications and industrial generative power applications. It also provides mobile greenhouse gas emissions reduction technology. The company's Onboard Hydrogen Generation and Injection technology is used for emissions reduction technology and fuel economy enhancement in trucks, locomotives, and automobile engines. It has operations in the United States, Canada, Asia, and Europe. The company, formerly known as Ridgestone Resources, Inc., was founded in 2006 and is headquartered in San Francisco, California.

MEDSPAS OF AMERICA (OTC: MEDP)

"Up 88.89% in morning trading"

Medspas of America operates in a niche sector of the $72 Billion anti-aging market through two distribution channels, those being: (a) Internet retailing of a proprietary brand of cosmeceuticals; and (b) a small high-end chain of skin care boutiques and medspas to be developed over the next five years. The market is driven, primarily by 44 million female baby boomers who are living longer with unprecedented disposable income and want to look and feel better. 12,000 Americans turn 50 every day (1 every 8 seconds) and this will continue for the next 20 years.

GATEWAY FINANCIAL HOLDINGS INCORPORATED (NASDAQ: GBTS)

"Up 13.83% in morning trading"

Gateway Financial Holdings, Inc. is the parent company of Gateway Bank & Trust Co., a regional community bank with thirty-seven full-service financial centers -- twenty-one in Virginia: Virginia Beach (7), Richmond (6), Chesapeake (3), Suffolk, Norfolk, Charlottesville and Emporia (2); and sixteen in North Carolina: Elizabeth City (3), Edenton, Kitty Hawk (2), Moyock, Nags Head, Plymouth, Roper, Wake Forest, Wilmington, Chapel Hill, and Raleigh (3). The Bank provides insurance through its Gateway Insurance Services, Inc. subsidiary, brokerage services through its Gateway Investment Services, Inc. subsidiary, title insurance through its Gateway Title Agency, Inc. subsidiary, and mortgage banking services through its Gateway Bank Mortgage, Inc. subsidiary. The common stock of the Gateway is traded on the Nasdaq Global Select Market under the symbol GBTS.

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

Disclosure: OTCPicks.com has been compensated eight thousand dollars by a third party (BlueWave Advisors) for GCHK advertising and promotional services. OTCPicks.com has been compensated three hundred thousand free trading shares by a non-controlling third party for SRDG advertising and promotional services.

OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.