Rock Ridge Resources reports a 6-month profit of $2,091,225
LAKE ARROWHEAD, Calif., Aug. 29, 2016 /PRNewswire/ -- Rock Ridge Resources (OTC: RRRI) reported their 2016 six-month financials today, showing a net profit of $2,091,225 on gross revenue of $5,768,398, compared to their 2015 six-month profit of $4,151,898 on gross revenue of $ 8,858,999.
During the second quarter, the Board of Directors made significant investments into the future growth of Serenity Lodge. The first investment came in the form of obtaining Joint Commission accreditation and certification, which is recognized nationwide as a symbol of quality that reflects an organization's commitment to meeting certain performance standards. Serenity Lodge invested over $100,000.00 in the second quarter with facility improvements in order to comply with Joint Commission standards. These improvements led to the closing of beds which reduced the income and profit in the second quarter. Serenity Lodge received full accreditation and certification from the Joint Commission on August 3, 2016. This accreditation allows Serenity Lodge to accept a greater numbers of clients with insurance policies that requires Joint Commission Accreditations.
The company's second investment was the opening of a 5,000 sq. ft. continuing care office in Orange County which can accommodate 60 clients. Serenity invested over $150,000.00 in the first month set up of this outpatient care facility. This facility offers extended outpatient care levels to clients who require additional education and support with their sobriety. Since the opening of the outpatient program, approximately 90% of all Lake Arrowhead clients have continued their care with Serenity Lodge at the Orange County facility.
These additional changes have shown an immediate impact on Serenity Lodge's business performance. The company's client census has grown by more than 100% within the first month after receiving the Joint Commission Accreditation and the opening of the Orange County office. Additional resources are being directed towards enhanced marketing strategies, employee development, and in-network insurance negotiations.
For more information on Rock Ridge Resources Inc. and Serenity Lodge, Inc., please visit our websites at: www.rockrrinc.com and www.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.
SOURCE Rock Ridge Resources Inc.
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