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09/13/11 8:26 AM

#33305 RE: COBFIRE #33303

Today, Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May made an announcement concerning ServeNation and the company.

Within the past couple of weeks, ServeNation was informed by several gift card sources that there have been scams in the gift card industry involving pink sheet companies. Since PINR is a pink sheet company it makes it more difficult or in some cases impossible for gift card companies to provide ServeNation with cards. In fact, today, ServeNation stores are currently offering about 30 fewer choices of cards than just two weeks ago. May stated, "To ensure the survival and long term success of ServeNation, we will immediately be removing any information related to ServeNation from our website and ending our involvement with the company."
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