Summary of DEBT RESOLVE INC

Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

Item 4.01 Changes in Registrant's Certifying Accountant

On January 4, 2012, the Audit Committee of the Board of Directors of Debt Resolve, Inc (the "Company") replaced RBSM LLP as the Company's independent registered public accounting firm, and appointed Fiondella, Milone and LaSaracina, LLP ("Fiondella") as the Company's new independent registered public accounting firm.

RBSM LLP's reports on the Company's consolidated financial statements for each of the fiscal years ended December 31, 2010 and 2009 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principle, except that the reports of RBSM LLP on the Company's financial statements for each of fiscal year 2009 and fiscal year 2010 contained an explanatory paragraph, which noted that there was substantial doubt about the Company's ability to continue as a going concern.

During the fiscal years ended December 31, 2010 and 2009, and the subsequent interim period through January 4, 2012, there were no disagreements between the Company and RBSM LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to RBSM LLP's satisfaction, would have caused them to make reference to the subject matter of the disagreement in connection with their reports on the financial statements of the Company for such years.

None of the reportable events described in Item 304(a)(1)(v) of Regulation S-K occurred during the fiscal years ended December 31, 2010 and 2009 or during the subsequent interim period through January 4, 2012.

The Company has provided RBSM LLP with a copy of the foregoing disclosures. Attached as Exhibit 16.1 is a letter from RBSM LLP, dated January 5, 2012, stating their agreement with such statements.

During the fiscal years ended December 31, 2010 and 2009, and the subsequent interim period through January 4, 2012, the Company did not consult with FML regarding any of the matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.