Shareholder Year End Update and 2016 Forecast
LAS VEGAS, March 17, 2016 /PRNewswire/ -- The Board of Directors of Rock Ridge Resources, Inc. (Pink Sheets: RRRI) are pleased to provide their shareholders and the investment public a financial overview of the company's 2015 performance along with a forecast for 2016. Rock Ridge Resources today reported their annual report with OTC Markets. The following is a summary breakdown of that report:
In 2015, the Company produced an annual income of $ 14,355,000 with a record net income of $7,155,000 compared to 2014 year end annual income of $ 11,936,000 with a net income of $5,776,000. These numbers combine the oil factoring operations and real estate division along with Serenity Lodge, a wholly owned subsidiary of the Company.
Further financial information for Rock Ridge Resources, Inc. (RRRI) is available on our "News Release" page, including the Consolidated Unaudited Statements of Income-Tax Cash Basis Reporting for the twelve months which ended December 31, 2015.
"We attribute our 2015 success to improved client services, streamlined processes, implementation of new technologies, and first class employees," said Daniel Voorhees, President and CEO of Rock Ridge Resources and Serenity Lodge. "Serenity Lodge has become a premiere facility for men's recovery. We are currently on pace in 2016, to help over 300 men recover from addiction and improve their lives."
Serenity Lodge has built a first-class amenity, alcohol & drug treatment facility located in Lake Arrowhead, California. Our services and amenities can be viewed at www.slrecovery.com.
Rock Ridge specializes in three business operations: (1) Oil & Gas Factoring, (2) Alcohol-Drug Treatment Facility and (3) Real Estate Developing and Investing.
For filings and disclosures go to OTCmarkets.com for more information on Rock Ridge Resources Inc. (RRRI)
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.