LAKE ARROWHEAD, CA, April 23rd, 2015—Marketwired —The Board of Directors of Rock Ridge Resources, Inc. (OTC PINK: RRRI) are pleased to announce their 2015 first quarter earnings.
Rock Ridge Resources, Inc. (OTC PINK: RRRI), in an un-audited consolidated statement with its wholly owned subsidiary, Serenity Lodge, Inc., reported Total Income of $3,920,000 and net income of $2,040,000 in the first quarter ending on March 31, 2015.
This is the tenth consecutive quarter that Rock Ridge has shown increased profits since 4th quarter 2012, when they took over management of the company. All divisions of the company: (1) oil factoring, (2) real estate and (3) Alcohol Drug Rehab, have shown consistent, continued growth and profits.
President, Daniel Voorhees states, "We will be completing 2 newly constructed residences and adding 2 existing residences in the second quarter. This will increase the current bed-count from 30 beds to 54 beds. The addition of 24 beds will increase revenue approximately five to six million dollars this year. We are on track for another record year in revenue and profits."
Rock Ridge Resources is a petroleum company that provides capital and receivable financing for management, expansion and natural resources in the Texas area. The company has profitable real estate holdings in the Lake Arrowhead area.
As part of the new strategy it completed the purchase of Serenity Lodge in October 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. 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.rockrrinc.com andwww.slrecovery.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.