LAKE ARROWHEAD, Calif.,
Nov. 8, 2014 /PRNewswire/ -- The
Board of Directors of Rock Ridge Resources, Inc. (Pinksheets: RRRI)
are pleased to announce their 2014, nine-month earnings.
Rock Ridge Resources, Inc. (OTC: RRRI), in an un-audited
consolidated statement with its subsidiary, Serenity Lodge, Inc., reported total income of
$9,760,410, and net income of
$5,124,246 through the third quarter
ending on October 31, 2014.
This significant growth is compared to their 2013 nine-month
results, where they reported total income of $1,015,094 with a net income of $353,871. Rock Ridge continues to
show an $18,465,000 net operating
loss carryover, from previous management's years of
operations.
In order to meet demand, Rock Ridge is currently constructing a
new residence with 6 additional beds. Its lessor, Arimol
Group, also has an additional residence under construction which
will provide another 6 beds. Both houses will be completed in the
first quarter of 2015 and will add 12 beds to its current license,
increasing the capacity to 42.
"The second half of 2014 has been dedicated to increasing our
marketing efforts, developing new business relationships, and
expanding our care facility," said Daniel
Voorhees, President and Director of Rock Ridge Resources and
Serenity Lodge. "With our
focus on an increased awareness of our mission and vision, we
anticipate continued growth through the end of 2014 and into
2015."
Rock Ridge Resources is a petroleum company that provides
capital and receivable financing for management, expansion and
natural resources. The company has 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 a licensed, State of California Alcohol and Drug
Treatment Facility, while its wholly owned subsidiary, Serenity Lodge operates the facility with 30
licensed beds. 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.
www.rockridgeresourcesinc.com
SOURCE Rock Ridge Resources, Inc.