Digital Utilities Ventures Inc (DUTV)

[Voices of Reason]

Another example of false and misleading press releases that I believe the SEC would have an interest in:

Digital Utilities Ventures, Inc. Acquires Controling [sic] Interest of CBD Producer, Nature Science Health, Inc.
October 22, 2018

https://www.accesswire.com/525911/Digital-Utilities-Ventures-Inc-Acquires-Controling-Interest-of-CBD-Producer-Nature-Science-Health-Inc

Specifically this definitive statement by Maurice Stone:
"The CBD market in the US is exploding and are on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019," said Maurice Stone, Digital Utilities CEO. "Our partnership with the Lakota Tribal Cooperative will be fully engaged and the Spring planting in The Dakota's will have begun."

The above statement is problematic for Maurice - it clearly states that they are on target for sales - meaning that as early as October 22, 2018, the company was already making product sales on a pace to equal $5 million. The funny thing about financial reporting is that one can readily catch up on this statement to see if it is true - the latest quarterly report, ending Nov. 30, 2018 (filed on Jan 21, 2019) shows ZERO revenues. Even the "subsequent event" showing a sale of products at $204k at the beginning of December is well shy of this mark and does not factor in ongoing cost of sales, depreciation and interest accruing at an alarming rate.

Also noticeably absent from the financials is any mention of the Lakota Tribal Coorperative announced the month before the financials were submitted - clearly one would have expected a short blurb about the deal since Maurice is counting on being "fully engaged" with them and for Spring planting to begin in just a couple months. This is especially curious because Maurice's press release from Oct 4, 2018 clearly states "[DUTV} has entered into a strategic partnership with Lakota Tribal Cooperative, LLC" - from this statement it appears to be a done deal - WHY isn't this stated in the financials???