Dutch Gold Resources Inc. (fka DGRI)

[mikeski74]

ATLANTA, GA / ACCESSWIRE / April 1, 2014 / Dutch Gold Resources, Inc. (DGRI.OTC) (the "Company") (http://dutchgoldinc.com) today announced that it has begun the process to return to full reporting compliance with the Securities and Exchange Commission, and to address some of the debt load that has complicated the Company's ability to fund its' initiatives.
On the compliance front, the Company has retain accountants to prepare corporate books and records in order to file current reports with the SEC. The Company has received multiple engagement proposals from PCAOB approved auditors and expects to file an 8K naming its new auditor by April 5, 2014. The Company expects to be a current filer by the end of this quarter.
On a separate front, the Company has begun the process of mitigating its debt structure. Daniel Hollis, CEO of DGRI, said, "We recognize that need to reduce our debt load, and are reaching out to our creditors to negotiate settlement agreements. We have met with some initial success, and are working diligently to improve our balance sheet this quarter."
Finally, the Company has solicited counsel to address matters with the DTCC "Chill". DGRI has prepared two four inch binders of documentation regarding the issuances of its' securities covering the period during which the "Chill" was instituted to be delivered again to the DTCC.
Mr. Hollis further commented, "The Company is confident of its business direction and the initial response from its prospective customers. We believe that delivering needed services to the MMJ sector can drive revenue and earnings. That having been said, management recognizes the need to take the actions announced today to bolster transparency, and hence liquidity, and to create the possibility for an up-listing in the future."