All Press Releases for 08/21/2012

Southridge Partners II Enters Into $7 Million Equity Purchase Agreement With Adama Technologies Corp.

Adama Technologies Corp. (OTCBB: ADAC) acquires, decontaminates and revitalizes brownfields.

RIDGEFIELD, CT / PR FREE / Aug 21 2012 --
Stephen Hicks, Chairman and CEO of Southridge - formerly Southridge Capital, today announced that Southridge Partners II LP ("Southridge"), an institutional investor, has entered into a $7 million equity purchase agreement with Adama Technologies Corp. (OTCBB: ADAC), a clean-tech company dedicated to the remediation of contaminated brownfields.

Adama Technologies Corp. (OTCBB: ADAC), acquires, decontaminates and revitalizes brownfields. "We are pleased to have secured this USD$7 million equity purchase agreement with Southridge, a financing source that will allow us more control and flexibility in capital raise," said Aviram Malik, CEO of Adama Technologies. Adama Technologies Corporation provides research for long-term permanent solutions to hazardous heavy metal waste problems. The company markets its services to manufacturing customers which produce heavy metal waste worldwide. The company's technology treats metals, such as arsenic, cadmium, chromium, lead, and mercury, and treats multiple metals concurrently. The types of applications include soils, sludge’s, ashes, baghouse dusts, and barrel wastes. The company was founded in 2007.

Southridge seeks investments in emerging growth areas, domestically and in international markets. Southridge has successfully participated in providing over $1.7 billion in capital to companies in the United States, Asia, Canada, the United Kingdom and Australia amongst other markets.

About Southridge
Southridge is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies (formerly Southridge Capital Management a/k/a Southridge Capital).

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