DEBT RESOLVE, INC. (OTCMKTS:DRSV) Files An 8-K Other Events
Item 8.01 – Other Events.

The Company received a letter, dated August 16, 2018, from the New York State Attorney General, Bureau of Consumer Frauds & Protection, notifying the Company that the Attorney General intends to commence litigation against it for various allegedly fraudulent, deceptive and unlawful acts and practices of its subsidiaries under New York and U.S. federal law relating to the marketing, sale and financing of debt-relief services. The Company subsequently responded by letter to the Attorney General addressing the various allegations and indicating that the Company believes it has complied with applicable law in all material respects. To date, no litigation has been filed against the Company by the Attorney General. The Company intends to vigorously defend itself against the allegations contained in the Attorney General’s letter and cooperate with the Attorney General with regard to compliance matters to avoid any litigation. The Company is unable to predict the outcome of any litigation should the Attorney General determine to proceed with the charges alleged in its letter and, if the Company is not successful in its defense, such charges could materially and adversely affect the Company.

About DEBT RESOLVE, INC. (OTCMKTS:DRSV)

Debt Resolve, Inc. is engaged in providing software solutions to consumer lenders or those collecting on consumer loans using a Software-as-a-Service (SaaS) model. The Company’s solutions facilitate Web-based payments or the resolution of delinquent or defaulted consumer debt. The Company markets its services primarily to consumer banks, collection agencies, collection law firms and the buyers of defaulted debt in the United States. The Company offers its service as a SaaS model, enabling clients to introduce this collection or payment software option with no modifications to their existing collections computer systems. Its products capitalize on using the Internet as a tool for communication, resolution, settlement and payment of delinquent or defaulted consumer debt and as part of a complete accounts receivable management solution for consumer creditors. The Company offers Debt Resolve Solution and Settl.it.