Pine Ridge Holdings, Inc.: Pine Ridge Holdings -- ServeNation Goals Surpassed and Increased

FORT WAYNE, IN--(Marketwire - August 4, 2008) - Pine Ridge Holdings, Inc. CEO Kevin May announced today the early goals for ServeNation have been surpassed and increased. May stated, "As our shareholders know, ServeNation became a unique opportunity for Pine Ridge Holdings. It contains a great business model, a win-win as it relates to social responsibility and what seems like unlimited growth potential. The current state of dot com models is such that the valuation for a revenue generating dot com like ServeNation is 3.75 times gross revenue. The decision was made to abandon a long-term strategy and to create a very specific and aggressive plan to build ServeNation through the holiday season. Then, using a skilled merger and acquisition firm, put the company up for sale. I have stated in the past and continue to state that... [read full story]