Paradise Ridge Hydrocarbons, Inc. (OTCPK: 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 Chief Executive Officer 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."