LAKE ARROWHEAD, Calif., May 18, 2015 /PRNewswire/ -- The Board of Directors of Rock Ridge Resources Inc. (RRRI) announced this week their intent to file an application with the California Department of Health Care Services for a license to operate up to 24 beds for a Women's Alcohol-Drug Rehab Facility in the Lake Arrowhead area.
The property has been purchased in a joint venture and Rock Ridge has begun the re-modeling and upgrades on the houses to be licensed. Rock Ridge plans to open the Rehab facility at the end of 2015. The company anticipates this Women's facility will add another 5-7 million dollars of income to its business.
Rock Ridge's real estate division will also be building 10-12 new residences on the property after approvals of a new tract map and lot splits. These new residences will be for sale in late 2016.
Rock Ridge's Real Estate division also has purchased 2 additional properties located adjacent to the Lake Arrowhead Country Club, a private golf club. One residence is on the first fairway and is being remodeled and completed for sale in the 3rd quarter of 2015. The second property is a lot only, located in the Country Club Villas, adjacent to the Lake Arrowhead Country Club, with a newly designed residence to be completed and listed for sale in the 2nd quarter of 2016.
President, Daniel Voorhees stated, "When completed, our Women's Alcohol-Drug Rehab facility will be state of the art; complete with spa, beauty salon, gym, library, theater, high-tech meeting rooms, and single bedrooms for each guest. Our plans are to open with 6-12 beds in the 4th quarter of 2015, and then add additional beds in early 2016. The new facility will have all the features and amenities that have made our men's facility such a success." The Women's facility will operate as a separate division. A name for the Women's facility as not been chosen as of this date.
Rock Ridge Resources Inc. (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 1st 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.
Rock Ridge Resources is a petroleum company that provides capital and receivable financing for management, expansion and natural resources in the Texas area. We have completed our 40th Oil and Natural Gas factoring contract thru the end of April, 2015 and have numerous ownership in oil stocks. All 3 of our divisions are profitable.
For more information on Rock Ridge Resources Inc. and Serenity Lodge, Inc., please visit our websites at: www.rockridgeresourcesinc.com and www.slrecovery.com.
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