Miami, FL – July 13, 2020 ( NewsWire) —, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on DLT Resolution, Inc. (OTC Pink: DLTI).

LAS VEGAS, NV, July 13, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — DLT Resolution, Inc. (OTC: DLTI), an information technology, cyber security, telecommunications and Union Services company, today reported financial results for its first quarter ended March 31, 2020.

2020 First Quarter Highlights in USD:

  •  First quarter revenue of $428,000 was 250% higher than 2019 first quarter revenue
  •  First quarter net loss of $329,000, was 63% less than 2019 first quarter net loss
  •  Loss per share was $0.01 per share compared to a 2019 first quarter loss of $0.05 per share 
  •  Total Assets increased 748% to $4,410,316 compared to Q1 2019’s $589,253
  •  Total liabilities increased to $2,667,845 compared to the previous year quarter liabilities of $957,553.  The increase was due to the acquisition of Union Strategies Inc. on January 31, 2020.

“We are pleased that, in a difficult global environment, our January 30, 2020 acquisition of Union Strategies, Inc. immediately made a significant contribution to first quarter revenues. We have, during the COVID-19 outbreak, leveraged our ability to implement and provide support remotely. We are quickly adapting to find ways to communicate, sell and service our current and prospective customers,” said John Wilkes, Chief Executive Officer of DLT Resolution Inc.

 First Quarter 2020 Results

The increase in first quarter revenue to $428,000 from $122,000 in 2019 first quarter revenue was primarily related to the $326,000 of revenue generated by Union Strategies, Inc. following the Company’s acquisition of its business on January 30, 2020.  The Company reported a first quarter net loss of $329,000 that includes a $159,000 one-time charge for writing off goodwill that was carried from a prior acquisition, as compared to an $855,000 net loss in the comparable year-ago period.  

John Wilkes concluded, “We continue to monitor the effects on our business of the current global pandemic and take the necessary actions to service our clients to our fullest ability. During 2020, we plan to continue our focus on integrating the Union Strategies business and creating new opportunities to provide value to its Union customers and their members that will in turn grow our revenues.”

Condensed Consolidated Balance Sheets 
  March 31,   December 31,  
Current assets      
Cash and cash equivalents $  $13,140 
Accounts receivable, net of allowance for doubtful accounts of $44,730 at March 31, 2020 and $0 at December 31, 2019  171,396   34,631 
Total current assets  171,396   47,771 
Property, plant and equipment, net of accumulated depreciation  84,869    
Operating lease – right of use asset  11,642    
Intangible assets, net of accumulated amortization  4,142,409   376,460 
Goodwill     165,022 
Total assets $4,410,316  $589,253 
Current liabilities        
Bank overdraft  $25,139  $16,782 
Accounts payable and accrued liabilities   471,702   99,201 
Accounts payable, related party   15,000   15,000 
Interest payable, related party   36,034   34,190 
Related party payables   20,858   20,880 
Note payable, related party   81,500   81,500 
Lease obligation – operating lease  6,023    
Total current liabilities  656,256   267,553 
Notes payable, net of current portion  5,000   5,000 
Other long term liability  2,001,461   685,000 
Lease obligation – operating lease, net of current portion  5,128    
Total liabilities  2,667,845   957,553 
Stockholders’ deficit        
Series A convertible preferred stock, $1.00 par value; 5,000,000 shares authorized; 0 and 25,000 issued and outstanding at March 31, 2020 and December 31, 2019      
Series B convertible preferred stock, $1.00 par value; 500,000 shares authorized; 64,000 and 64,000 issued and outstanding at March 31, 2020 and December 31, 2019  64,000   64,000 
Common stock, $0.001 par value; 275,000,000 shares authorized; 25,926,287 and 24,395,037 issued; 22,698,787 and 21,167,537 outstanding at March 31, 2020 and December 31, 2019  25,926   24,395 
Additional paid-in capital  6,641,734   4,218,265 
Other comprehensive income  (19,757)  (34,430)
Treasury stock, 3,815,000 shares  as of March 31, 2020 and December 31, 2019, at cost  (5,300)  (5,300)
Accumulated deficit  (4,964,132)  (4,653,230)
Total stockholders’ deficit  1,742,471   (368,300)
Total liabilities and stockholders’ deficit $4,410,316  $589,253 
Condensed Consolidated Statements of Operations 
  Three months ended March 31,  
  2020  2019 
Revenue  428,347  $122,009 
Cost of revenue and operating expenses        
Cost of revenue  238,686   33,674 
General and administrative  196,245   59,354 
Depreciation and amortization  115,268   25,655 
Professional fees  40,439   32,571 
Goodwill impairment loss  159,187    
Total operating expenses  749,825   117,580 
Loss from operations  (321,478)  (29,245)
Other income (expense)        
Loss on stock based liability     (526,571)
Foreign exchange gain     5,366 
Loss on investment     (331,787)
Interest expense  (7,424)  (1,804)
Total other (expense)  (7,424)  (854,796)
Net loss  (328,902) $(884,041)
Basic loss per common share – net loss  (0.01) $(0.05)
Diluted loss per common share – net loss  (0.01) $(0.05)
Weighted average basic shares outstanding  25,427,317   19,263,408 
Weighted average diluted shares outstanding  25,427,317   19,263,408 

Forward-Looking and Cautionary Statements
The use of the word “company” or “Company” refers to DLT Resolution Incorporated and its wholly-owned subsidiaries.  This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, involve risks and uncertainties that may affect the company’s actual results. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. DLT Resolution may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (available at DLT Resolution undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.  Nothing within this communication is meant to be a solicitation to buy or sell our securities. Investing in over the counter (OTC) securities often carries a high degree of risk. Please contact your financial advisor before investing in our securities.

Source: DLT Resolution Inc.


1 800-463-5465
Source: DLT Resolution Inc.

About is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

All information contained herein as well as on the website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of and should not be construed as an offer or solicitation to buy or sell securities. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  This report is not without bias. has motivation by means of either self-marketing or has been compensated by or for a company or companies discussed in this article. has been compensated two thousand five hundred dollars in consideration for its work with DLT Resolution, Inc. through the date this was published. may or may not receive additional compensation, details about which can be found in our full disclosure, which can be found here, You can easily loose money investing in highly speculative small cap stocks like the ones mentioned within. Please consult an investment professional before investing in anything viewed within. When is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the website.