LAKE ARROWHEAD, Calif.,
May 18, 2015 /PRNewswire/ -- The
Board of Directors of Rock Ridge Resources Inc. (Pinksheets: RRRI)
announced this week their intent to file an application with the
California Department of Health Care Services for a license to
operate up to 24 beds for a Women's Alcohol-Drug Rehab Facility in
the Lake Arrowhead area.
The property has been purchased in a joint venture and Rock Ridge
has begun the re-modeling and upgrades on the houses to be
licensed. Rock Ridge plans to open the Rehab facility at the end of
2015.
The company anticipates this Women's facility will add another
5-7 million dollars of income to its
business.
Rock Ridge's real estate division will also be building 10-12
new residences on the property after approvals of a new tract map
and lot splits. These new residences will be for sale in late
2016.
Rock Ridge's Real Estate division also has purchased 2
additional properties located adjacent to the Lake Arrowhead
Country Club, a private golf club. One residence is on the first
fairway and is being remodeled and completed for sale in the
3rd quarter of 2015. The second property is a lot only,
located in the Country Club Villas, adjacent to the Lake Arrowhead
Country Club, with a newly designed residence to be completed and
listed for sale in the 2nd quarter of 2016.
President, Daniel Voorhees
stated, "When completed, our Women's Alcohol-Drug Rehab facility
will be state of the art; complete with spa, beauty salon, gym,
library, theater, high-tech meeting rooms, and single bedrooms for
each guest. Our plans are to open with 6-12 beds in the
4th quarter of 2015, and then add additional beds in
early 2016. The new facility will have all the features and
amenities that have made our men's facility such a success."
The Women's facility will operate as a separate division.
A name for the Women's facility as not been chosen as of this
date.
Rock Ridge Resources Inc. (OTC:RRRI), in an un-audited
consolidated statement with its wholly owned subsidiary,
Serenity Lodge, Inc., reported Total
Income of $3,920,000 and net income
of $2,040,000 in the 1st
quarter ending on March 31,
2015.
This is the tenth consecutive quarter that Rock Ridge has shown
increased profits since 4th quarter 2012, when they took
over management of the company. All divisions of the company: (1)
oil factoring, (2) real estate and (3) Alcohol Drug Rehab, have
shown consistent, continued growth and profits.
Rock Ridge Resources is a petroleum company that provides
capital and receivable financing for management, expansion and
natural resources in the Texas
area. We have completed our 40th Oil and Natural Gas
factoring contract thru the end of April, 2015 and have numerous
ownership in oil stocks. All 3 of our divisions are profitable.
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.
Contact:
985 Meadowbrook Rd
PO Box 2895
Lake Arrowhead, CA 92352
Phone: 800-936-3143
E-mail: info@rockrrinc.com
www.rockrrinc.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/rock-ridge-resources-inc-announces-the-opening-of-a-womens-alcohol-drug-treatment-facility-in-fourth-quarter-2015-300084882.html
SOURCE Rock Ridge Resources Inc.
