LAKE ARROWHEAD, Calif., May 17, 2016 /PRNewswire/ -- The Board of Directors of Rock Ridge Resources, Inc. (Pinksheets: RRRI) are pleased to announce their 2016 first quarter earnings.
Rock Ridge Resources, Inc. (OTC:RRRI), in an un-audited consolidated statement with its wholly owned subsidiary, Serenity Lodge, Inc., reported Total Income of $3,947,000 and a net income of $2,072,000 for First Quarter ended March 31, 2016. In 2015, first quarter income was $3,920,000 and net income was $2,040,000.
"Serenity Lodge's admissions increased during the first quarter, compared to our first quarter in 2015," said Daniel Voorhees, President and CEO of Rock Ridge Resources and Serenity Lodge. "Serenity Lodge continues to improve marketing strategies and exposure to the recovery community and is currently on course to help over 375 men in 2016."
Furthermore, Mr. Voorhees added, "In the ongoing mission to enhance Serenity Lodge's levels of care, we recently completed an indoor championship racquetball court, a coffee bar in the main lodge, and a meditation pyramid. Each of these amenities support Serenity Lodge's commitment to improve the body, mind and spirit of each guest, while practicing healthy alternatives to alcohol and drugs."
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 and is currently under construction on two real estate projects, with additional projects in plan check to begin in 3rd quarter.
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.
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rock-ridge-resources-inc-reports-first-quarter-2016-profit-of-2072000-300270538.html
SOURCE Rock Ridge Resources, Inc.