ATLANTA, Feb. 19, 2010 (GLOBE NEWSWIRE) -- Dutch Gold Resources, Inc. (Pink Sheets:DGRI) (the "Company") (http://dutchgold.com) today announced that it has made significant progress in its ongoing process of improving transparency for its shareholders and investors. The Company filed two Annual Reports on Form 10-K for the fiscal years ended December 31, 2007, and December 31, 2008. The Company also filed a Quarterly Report on Form 10-Q for the period ending September 30, 2009
The Company expects to file the intervening period Form 10-Qs next week. Upon completion of the remaining Quarterly Reports, the Company hopes to have a Form 15C211 filed on its behalf with FINRA to commence quotation on the OTC Bulletin Board.
"I would like to say 'thank you' to the professionals who helped us through this process," said Dan Hollis, CEO. "We promised to bring the Company current, for the benefit of our current and future shareholders," he added. The Company expects to enhance the staffing of its accounting function and intends to select a Chief Financial Officer shortly.
These disclosure items also clear the way for the Company to begin the application process to the Toronto Stock Exchange, which it intends to do, late first quarter of this year, or early second quarter of 2010.
About Dutch Gold Resources:
Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company's strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Benton Mine in Oregon comprise the Company's current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. The Company also will position its subsidiary, Aultra Gold, Inc., to take advantage of global opportunities in precious metals development and production.
Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.