Drone Services USA Inc. (DSUS)

[Cassandra]

The DSUS annual financial and disclosure statement for FYE 6/30/2105 was due yesterday. OTC Markets uses the same deadlines for financial reports used by the SEC for non-accelerated filers -- 90 days after fiscal year end and 45 days after the end of each fiscal quarter.

Although CEO Joel Bredow stated in a supplemental information statement uploaded to OTC Markets on 7/28/15 that the annual financial statement would be filed "on time" by the due date of 9/30/15, he added a statement that if the financial reports were audited, they would be filed by 10/30/15 "as per the requirements of OTC Markets." (See bottom of this post for quote and link.)

Joel may misunderstand the disclosure deadlines to maintain "Current Information" status. The due date for for annual financial and disclosure statements is 90 days following FYE regardless of whether or not the financial statements are audited.

What seems to have confused him is that an attorney opinion letter must be uploaded within 120 days of FYE if the financial statements were not audited by a a PCAOB registered audit firm (30 days after the due date for the annual financial and disclosure report). If he is going to the the CEO of a publicly-traded company, he should be sure he understands disclosure requirements and due dates. If the overdue report isn't filed promptly, the company may be dropped back to "Limited Information" status (yield sign) on OTC Markets.

A link to the "fillable" Word document that contains the "OTC Pink Basic Disclosure Guidelines" can be found under the "Current Information" paragraph on this page:
http://www.otcmarkets.com/marketplaces/otc-pink

Ongoing Qualification:

1. For each Fiscal Quarter End, upload a Quarterly Report via www.OTCIQ.com within 45 days of the quarter end. (A separate quarterly report is not required for the 4th quarter.) The Quarterly Report should include:

* Information in accordance with these OTC Pink Basic Disclosure Guidelines -- use the fillable form beginning on page 3.
* Quarterly financial statements (Balance Sheet, Income Statement, Statement of Cash Flows, Notes to Financial Statements).
* No Audit Letter or Attorney Letter is required.

2. For each Fiscal Year End, upload an Annual Report within 90 days of the fiscal year end. The Annual Report should include:

* Information in accordance with these OTC Pink Basic Disclosure Guidelines -- use the fillable form beginning on page 3.
* Annual financial statements (Balance Sheet, Income Statement, Statement of Cash Flows, Notes to Financial Statements, and Audit Letter, if the financial statements are audited).

3. If financial reports are not audited by a PCAOB registered audit firm, upload an Attorney Letter via www.OTCIQ.com complying with the Attorney Letter Guidelines within 120 days of the fiscal year end.

There is no evidence that DSUS has engaged a PCAOB registered audit firm. The company lists Beeler's Accounting & Bookeeping Service as its accountant/auditor. Auditors of public companies need to be registered with the insert-text-here PCAOB. Fred Beeler is not even a CPA, much less registered with the PCAOB. He may be a good tax preparer and bookeeper, but he not qualified to do any kind of audit of the financial statements.

July 28, 2015

STATEMENT WITH REGARD TO COMPANY FINANCIALS:

The quarterly report for period ending March 31, 2015 has been amended due to an error reflecting
former CEO Peter Villiotis as an officer during the May 21, 2015 publication. Although these financials
reflect the period ending prior to the FINRA approved reverse merger and name change to Drone
Services USA, Inc., the publication of such was subsequent to Mr. Villiotis’s resignation.

This amended statement reflects the certification of company CEO & President, Joel Bredow.

This amended statement reflects the new CUSIP, assigned subsequent the corporate action.

The corporate annual financial statement for period ending June 30, 2015, due September 30, 2015, will
be filed on time as per the requirements of OTC Markets. If audited, the report will be filed no later than
October 30, 2015, as per the requirements of OTC Markets. This financial statement will reflect the
consolidation of the former PV Enterprises International, Inc. and Drone Services USA, Inc., whose
reverse merger was approved and announced by FINRA on April 29, 2015.

Signed:
Joel Bredow, President & CEO

http://www.otcmarkets.com/financialReportViewer?symbol=DSUS&id=142159