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SOURCE Rock Ridge Resources, Inc.
LAKE ARROWHEAD, Calif., June 3, 2014 /PRNewswire/ -- Rock Ridge Resources, Inc. (OTC:RRRI) conducted a special meeting of the Board of Directors where they declared a 3% stock dividend distribution, payable on July 1, 2014. The Record date is scheduled for June 19th, 2014 making the Ex-Dividend date June 17th, 2014. This 3% stock distribution follows RRRI's exceptional first quarter earnings report.
Recently, the Company announced its first quarter earnings of 2014, where RRRI generated $3,190,000 in gross revenue with $2,038,000 in net revenue. This was more than double its entire annual net revenue from the previous year ending 2013, which was $808,000.
Company President, KC Hollmer, stated, "Our accelerated revenue growth in the first quarter makes it possible for our Company to award its shareholders with this 3% stock dividend distribution. Our goal is to continue to increase and return shareholder value through further company growth and expansion in 2014."
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 holds a California State Alcohol and Drug Rehabilitation license, and provides treatment to men,18-years and older, in a luxury mountain setting in Lake Arrowhead, California.
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.
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