LAKE ARROWHEAD, Calif., Nov. 8, 2014 /PRNewswire/ -- The Board of Directors of Rock Ridge Resources, Inc. (RRRI) are pleased to announce their 2014, nine-month earnings.
Rock Ridge Resources, Inc. (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.