AUSTIN, Texas, April 24, 2017 /PRNewswire/ -- P

AUSTIN, Texas, April 24, 2017 /PRNewswire/ -- Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) announced today that it has engaged the firm Asset Econometrics, Inc. (AEI), a Dallas-based turnaround company, to evaluate the company's acquisition plans and candidates on an on-going basis. In addition, AEI will assist the company in structuring a new executive team to manage the company's transition into a holding company that manages multiple subsidiary assets. Paradise CEO Gordon Johnson stated, "Asset Econometrics has a strong track record in advising microcap companies. We are extremely excited to bring the AE team on board as we transition Paradise Ridge and set the framework for our future growth." 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.