Prospect Ventures Inc. (fka IVAP)

[mellow fellow]

On December 9, 2013, the Company received a written consent in lieu of a meeting of stockholders from the holder of 400,000,000 shares of Common Stock (representing 53.1% of the issued and outstanding shares of Common Stock). The shares were issued book entry and certificated on February 7, 2014. The written consent adopted resolutions approving an amendment to the Company’s articles of incorporation changing the name of the Company from Dussault Apparel, Inc. to “Prospect Ventures, Inc.” In addition, the shareholders approved a reverse stock split at a ratio of 800:1. The name change and the reserve split are subject to the requisite regulatory approvals prior to becoming effective. As of the date of the filing of this Annual Report, the Company has not effected nor filed with the state of Nevada or FINRA. The Company anticipates filing with the state by the end of the month and beginning the application process before March 1, 2014.