Mike The Pike Productions Inc (MIKP)

[timetomakemoney]

Another oldie but goodie, I hope Kevin will do a follow-up on this.

FORT WAYNE, IN, May 22, 2008 (MARKET WIRE via COMTEX) ----Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May, announced today that projections just in from two of the seven ServeNation independent contractors indicate that the goal will be reached much sooner than anticipated. In a previous announcement, May shared that a goal of 500 orders per day through the ServeNation site should produce $45 million in revenue and a valuation of $171 million.

"Our initial goal may actually be a low estimate as fund raising for breast cancer awareness has started. Once fully engaged, the breast cancer store alone should provide in excess of 500 orders per day. The donation website http://www.thebreastcancersite.com/clickToGive/home.faces reportedly gets on average 330,000 hits per day. If only .5%, of those looking to make a donation click on the 'Support Us with everyday purchases' http://www.servenation.com/cards/3139 that will be over 1,600 potential purchases made via ServeNation. The average purchase has been $100 each. Do the math... 1,600 (hits per day) x $200 (average purchase) x 365 (days per year) = $116,800,000 in total gross revenues. This is potential from just one Non-Profit organization. Additional stores are coming online daily and that growth will only exceed current goals," stated May

May continued, "ServeNation's management is very optimistic that with PINR providing the support needed to take advantage of this unique opportunity, the future is very bright. I believe our current goal of 500 orders per day is very attainable and probably conservative. The current contractors look like they will easily surpass the 12/31/08 goal. PINR will be receiving a percentage of the all gross revenues. Our research has shown that other business models such as ServeNation are carrying valuations in excess of 3 times total gross revenues."

"I believe this should explain why we are so excited to have ServeNation be part of PINR," concluded May.

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.