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Gold Rock Holdings, Inc. Subsidiary Announces Joint Venture Agreement for New Orleans Cleanup
GOLD ROCK HOLDINGS, INC.'s (PINKSHEETS: GDRHA) President Robert Larion announced today that RENEWABLE FORESTRY RESOURCES, LLC a subsidiary company, has negotiated a Joint Venture Agreement with LAKEWAY TRANSPORT SERVICES INC of Chicago, Illinois. Initial Letters of agreement have been signed with final working arrangements to be drawn in the next few weeks. The Joint Venture will operate under a Limited Liability Corporate structure called "OUT OF THE ASHES" LLC.

Lakeway Transport Services is a 3rd generation trucking company, managed by President Roland Bibb. Mr. Hugh Riddle, spokesperson for Lakeway, says, "This J/V agreement will enable both companies to control their costs, as they service each other to make the project profitable for all concerned." Lakeway will supply operations and equipment financing for the project.

The J/V agreement will be a consolidated Demolition and Trucking venture to remove hurricane and water damaged houses and miscellaneous structures, in the New Orleans area. Terms of the agreement call for Renewable Forestry Resources to perform the demolition and loading side of the venture, with Lakeway Transport providing trucks for the hauling. The trucking contract has already been signed by Lakeway Transport and the demolition contract with Louisiana Officials is expected to be signed in the next few weeks. Lakeway transport will also handle future transportation and logistic needs for Gold Rock Holdings in the Eastern United States, and particlarly the Louisiana area.

The project, expected to last for several years, has gross income projections of $2.2 million per month when full deployment of equipment is operational for the J/V.

For Further information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127, www.yesinternational.com.

GOLD ROCK HOLDINGS, INC. presently consists of nine existing subsidiaries: Affordable Homes of America, Inc., Composite Industries of America, Inc., Georgetown Power, Inc., Global Timber Ltd, Gold Rock Industries, Inc., Native American Power, Inc., Renewable Forestry Resources, LLC, V.A.W.T. Industries, LLC and World Homes, Inc. The Company is currently seeking financing for each of its subsidiaries.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.



Source: Market Wire (September 28, 2006 - 8:45 AM EST)

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