RVB Holdings Ltd. reported audited consolidated earnings results for the year ended December 31, 2012. For the period, the company reported revenues of $62,000 compared to $63,000 a year ago. Loss from ordinary activities was $4,869,000 compared to $5,422,000 a year ago. Loss and total comprehensive loss attributable to owners of the company was $3,615,000 or $0.016 per basic and diluted share compared to $5,950,000 or $0.029 per basic and diluted share a year ago. Net cash used in operating activity was $3,268,000 compared to $2,543,000 a year ago. Investment in fixed assets was $60,000 compared to $2,000 a year ago. On March 18, 2013, the board of directors resolved to appoint Mr. Giora Gutman to serve as the chief executive officer of RVB and its subsidiary, E.E.R. Environmental Energy Resources (Israel) Ltd. Giora Gutman previously served as the CEO and founder of Mekorot Development and Enterprises Ltd.

RVB Holdings Ltd. filed its 6-K on Mar 19, 2013 for the period ending Dec 31, 2012. In this report its auditor, Brightman Almagor Zohar & Co, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

RVB Holdings Ltd. announced that the board of directors of the company approved the appointment of Mr. Moti Menashe to serve as a director of the company, as of March 13, 2013. Mr. Menashe replaces Mr. Yitzhak Apeloig, who has resigned from the board, effective as of March 13, 2013. Moti Menashe has served as a projects manager at Upswing Capital Ltd. since 2006.