US House Clears Cannibis Banking Bill, Dutch Gold to Upgrade Site

Dutch Gold Resources Inc.


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US House Clears Cannibis Banking Bill, Dutch Gold to Upgrade Site

ATLANTA, GA / ACCESSWIRE / July 22, 2014 / ( today announced that it has plans to upgrade in light of recent legislation passed by the US House of Representatives.

On June 16, 2014, The U.S. House of Representatives has passed an amendment to prevent the federal government from penalizing financial institutions that do businesses with the marijuana industry. The Senate must now pass similar legislation for the amendment to become law, which could represent a significant hurdle.

But industry leaders and advocates were quick to hail the House vote as a huge victory regardless, saying it signals growing support among federal lawmakers for the cannabis industry. The amendment – which had bipartisan support – passed by a vote of 231 to 192.

The House also backed the marijuana industry in another way on the same day, rejecting an attempt to block the implementation of key banking guidance issued earlier this year by the U.S. Justice and Treasury Departments.  The guidance provides financial institutions with a framework for doing business with cannabis companies. While the guidance hasn’t eased the banking situation for the marijuana industry yet, it is seen as a significant step in the right direction.

Due to these additional legislative developments, DGRI has elected to make significant enhancements to its digital property, which it intends to release on prior to the end of July 2014.  Said Daniel Hollis, CEO of the Company, “We have been cautious in our approach to providing financial assistance to the MMJ sector.  We are pleased to witness the development of further legislative support and look forward to broadening our offerings.”

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.

For further information, please see or please contact Daniel Hollis, CEO of Dutch Gold Resources, Inc. at 404-981-7424.


SOURCE: Dutch Gold Resources, Inc