SOURCE: Pine Ridge Holdings, Inc

May 12, 2008 10:00 ET

Pine Ridge Holdings, Inc Open Letter From the CEO

FORT WAYNE, IN--(Marketwire - May 12, 2008) - Pine Ridge Holdings, Inc (PINKSHEETS: PINR) CEO Kevin May, writes:

This week Pine Ridge Holdings began trading under its new symbol and structure. As with all things new, questions and issues come up. At the end of this first week I would like to publicly share my business philosophy, goals for PINR and some next steps.

I won't take up space discussing my bio or past business ventures as that is available to all. I will state that for the past twenty years I have been associated with a variety of start ups and new ventures -- all with the intent to either sell for a nice profit -- or to make profitable as quickly as possible with the intent to increase value. To date, those ventures have been successful and my intent with PINR is no less.

For 5 years I have put a considerable amount of my own funds into starting Pine Ridge Racquet and Fitness Club. It is a state of the art facility that I am very proud of and has grown in size each year. Today we have 35 employees and more than 1600 members. It has been exciting watching it move from idea to viable business.

As I looked at the other ventures that I was involved in and my growing network, I knew that I wanted to be more than the owner of a tennis and fitness club. As I learned more about pink sheets, I saw that it would provide a good launching pad in the publicly traded world to begin drawing in all of these other ideas. Thus, Pine Ridge Holdings was formed -- with the racquet and tennis clubs being the first acquisition.

At the risk of offending other pink sheet companies (because I know that many are legitimate growing ventures), my goal was to take a first step in the public sector and grow naturally. As I have shared, Brian Kistler, also of Fort Wayne has helped me in this process as well as helped other local companies.

Although companies truly are all about the shareholders, my goal is not to throw press releases at every turn just to affect share price. Communication is important, however and I will regularly update the shareholders with the progress of the company.

I'll end by letting everyone know that we do have our eyes on a variety of new acquisitions. I have a great team in place growing the racquet and fitness business so I can turn my efforts to my own network and review which companies or parts of companies we may want to acquire. This is why Pine Ridge Holdings was created.

These are exciting days and I hope that as shareholders you are as excited as I am. I'll keep all posted each step of the way and look forward to our mutual future success.

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.

Kevin L. May
Pine Ridge Holdings

Contact Information

  • Contact:
    Brian Kistler