Paradise Ridge Hydrocarbons, Inc. Company Description:
Paradise Ridge is an Enhanced Oil Recovery (EOR) company whose primary objective is the re-entry and re-working of existing oil and gas wells. We are not an "exploration company" in the sense that our business and our methods do not involve an attempt to explore for new oil deposits, but rather to exploit existing known oil and gas fields. Our objective is to acquire existing wells, investing resources to yield increased production, thus mitigation risks associated with drilling and attempting to bring new wells online. As of April 12, 2017, Paradise Ridge will continue to operate in the oil and gas arena, but will be recast itself as a holding company at the parent level, thus enabling the company to branch out into additional areas, including real estate, entertainment and technology. Management:
CEO - Gordon Johnson
CFO - Dick Hunter Recent Financial News: https://www.otcmarkets.com/stock/PRGE/news
PRGE Commences Strategic Change and Will Acquire Equity Crowdfunding Company Platform StackCap.com
AUSTIN, Texas, May 1, 2017 /PRNewswire/ --
Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) today announced that it has signed a definitive agreement to acquire equity crowdfunding platform stackcap.com owned by STACKCAP, INC.
Equity crowdfunding fuels innovation and growth by providing access to capital that can take businesses from ideas to viable products and real jobs. PRGE will utilize STACKCAP, INC. to provide debt and equity financing for a wide range of business opportunities which currently lack access to needed capital. "Under the Jumpstart Our Business Startups Act of 2012 the US government has helped by lowering the barrier to entry, and now we will do our part. Under the Trump administration, we believe this will continue to spur a small business revolution, empower more women and minorities and revive the American dream," stated President Gordon Johnson.
The acquisition is scheduled to close prior to May 31, 2017. The terms of the transaction include the issuance of restricted Rule 144 PRGE common stock.
Paradise Ridge Continues Restructuring Efforts
AUSTIN, Texas, April 24, 2017 /PRNewswire/ --
Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) announced today that it has engaged the firm Asset Econometrics, Inc. (AEI), a Dallas-based turnaround company, to evaluate the company's acquisition plans and candidates on an on-going basis. In addition, AEI will assist the company in structuring a new executive team to manage the company's transition into a holding company that manages multiple subsidiary assets.
Paradise CEO Gordon Johnson stated, "Asset Econometrics has a strong track record in advising microcap companies. We are extremely excited to bring the AE team on board as we transition Paradise Ridge and set the framework for our future growth."
Paradise Ridge Announces Corporate Restructuring and New Direction
AUSTIN, Texas, April 12, 2017 /PRNewswire/ --
Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) announced today that the company has brought in a new CEO to oversee the restructure of the existing operations of the corporation. Paradise Ridge will continue to operate in the oil and gas arena, but will be recast itself as a holding company at the parent level, thus enabling the company to branch out into additional areas, including real estate, entertainment and technology.
Paradise CEO Gordon Johnson was brought in back in September 2016 to oversee this change in corporate focus and direction. Johnson recently stated, "We have an incredible base of talent here at Paradise Ridge that will enable the company to expand its corporate reach into other areas, while we continue our efforts to build a sustainable and profitable energy business. I am personally very excited about the future of the company."
- Market Value - $73,600,286 a/o April 28, 2017
Authorized Shares - 700,000,000 a/o April 28, 2017
Outstanding Shares - 175,238,775 a/o April 28, 2017
Float - 50,302,139 a/o March 31, 2016
For more information:
Gordon Johnson CEO Paradise Ridge Hydrocarbons, Inc. +1-602-455-1240 email: firstname.lastname@example.org