Rock Ridge Resources Inc. Announces Record Revenue and Earnings in 3rd Qtr
October 20, 2013 - Lake Arrowhead, CA
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.
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.