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."

Forward Looking Statements

This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.

For more information:
Gordon Johnson
CEO
Paradise Ridge Hydrocarbons, Inc.
+1-602-455-1240
email: [email protected] 

SOURCE Paradise Ridge Hydrocarbons, Inc.