Rock Ridge Resources Inc. Announces Record Revenue and Earnings in 3rd Qtr
21 October 2013 - 5:08AM
Marketwired
Rock Ridge Resources Inc. Announces Record Revenue and Earnings in
3rd Qtr
LAKE ARROWHEAD, CA--(Marketwired - Oct 20, 2013) - Rock Ridge
Resources, Inc. (PINKSHEETS: RRRI) through its subsidiary Serenity
Lodge, is pleased to announce 3rd Quarter revenue of $1,015,094 and
Net income of $353,871 from operations of its Alcohol-Drug
treatment facility.
Contributing to its record earnings the Company cites the
addition of two new houses and the recently approved expansion of
its Alcohol-Drug treatment license. The California Department of
Health Services approved the addition of 12 new beds at Rock
Ridge's Lake Arrowhead facility. This takes the total number of
beds to 30 and positions the Company very uniquely in the treatment
industry.
President KC Hollmer stated, "Our new model calls for each
client to have his own private room. This is exciting, because
almost all of our competitors only offer shared rooms. We now
provide 30 private single bedrooms for our clientele."
To capitalize on this expansion, a focused and targeted
marketing strategy began late in the second quarter. As a result,
management expects continued growth into the fourth quarter.
Rock Ridge Resources is a development stage Natural Resource
Company. The company has recently branched out to increase
profitable real estate holdings and facility management in addition
to Oil and Gas. As part of the new strategy it completed the
purchase of Serenity Lodge in Oct. of 2012. Rock Ridge Resources is
now licensed by the State of California as an Alcohol and Drug
Treatment Facility, while its wholly owned subsidiary, Serenity
Lodge operates the facility. The operation is located in a serene
mountain setting in Lake Arrowhead, CA. and was designed to treat
men only 18 years and older in a peaceful and natural recovery
environment.
For more information on Rock Ridge Resources Inc. and Serenity
Lodge, Inc., please visit our websites at:
www.RockRidgeResourcesinc.com and
www.serenitylodgelakearrowhead.com.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within
the meaning of section 27A of the Securities Act of 1933 and
section 21E of the Securities Exchange Act of 1934 and is subject
to the safe harbor created by those sections. This material
contains statements about expected future events and/or financial
results that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of Rock Ridge
Resources, Inc. to be materially different from the statements made
herein. Except for any obligation under the U.S. federal securities
laws, Rock Ridge Resources, Inc. undertakes no obligation to
publicly update any forward-looking statement as a result of new
information, future events or otherwise.
Rock Ridge Resources (CE) (USOTC:RRRI)
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