SOURCE: Pine Ridge Holdings, Inc

May 07, 2008 09:06 ET

Pine Ridge Holdings, Inc Announces Pink Sheets Upgrade

FORT WAYNE, IN--(Marketwire - May 7, 2008) - Pine Ridge Holdings, Inc (PINKSHEETS: PINR) CEO Kevin May, announced today that the company submitted the proper disclosure to and the caveat emptor designation has been upgraded to yield limited information.

May commented, "I am pleased to announce that the caveat emptor designation on the website has been replaced with a much higher level designation. It is a priority to build shareholder value and I believe being open and transparent is one of the first steps. I look forward to updating investors of the various opportunities as they continue to unfold."

"The Fitness club and Racquet Club have completed the best first quarter in their history. With total revenues for the first quarter at all time highs, I am pleased to open the opportunity of what I have built to the shareholders of PINR. I am confident that as we get further into our total plan we will strive to build shareholder value and take PINR to a new level," stated May.

May continued, "A quick comment concerning the technology aspect of the company's business model. I have created several alliances during my years in business and plan to capitalize on these relationships for the future of Pine Ridge Holdings. I would like to encourage all individuals to follow the company's progress as events unfold and additionally to use good judgment when considering an investment in our company."

"I am also in development stage discussions with a group to capitalize on the baby boomer retirement housing needs. My background in Senior Health Care is a perfect segue into this market. I understand senior needs and I look forward to sharing further information as these plans develop," stated May.

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

Contact Information

    Pine Ridge Holdings, Inc
    Kevin May

    Brian Kistler