LAKE ARROWHEAD, CA--(Marketwired - Apr 29, 2014) - The Board of Directors and Executive Management of Rock Ridge Resources, Inc. (PINKSHEETS: RRRI), are pleased to announce their 2014 first quarter earnings. In the first quarter, RRRI generated $3,049,000 in gross revenue and $2,003,000 in net revenue. These unaudited results represent more than 100% net revenue growth from the entire net revenue in 2013 of $801,000.
RRRI's wholly owned subsidiary, Serenity Lodge Inc., its operator of its drug and alcohol treatment facility, was the major performer in the first quarter. RRRI's accounts receivable Factoring Division also added to the company's net earnings.
Company President, KC Hollmer, states, "We are pleased to see this strong revenue growth from sales. In order to keep up with our corporate growth, we have added 7 new employees in 2014, and we are making plans to support our continued expansion throughout the year."
Rock Ridge Resources is a development stage Natural Resource Company. The company is also engaged in profitable real estate holdings, and substance abuse recovery services through its subsidiary Serenity Lodge, its operator of the facility. Rock Ridge Resources is a California State licensed Alcohol and Drug Treatment Facility for men 18-years and older, located in the serene mountains of Lake Arrowhead, California.
For more information on Rock Ridge Resources Inc. and Serenity Lodge, Inc., please visit our websites at: www.RockRidgeResourcesinc.com and www.serenitylodgelakearrowhead.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 a 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.