Debt Resolve Inc - Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2008 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * MONTGOMERY KEN	2. Date of Event Requiring Statement (MM/DD/YYYY) 2/16/2008	3. Issuer Name and Ticker or Trading Symbol DEBT RESOLVE INC [DRV]
(Last)        (First)        (Middle) C/O DEBT RESOLVE, 707 WESTCHESTER AVE., SUITE L7	4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                            _____ 10% Owner ___ X ___ Officer (give title below)          _____ Other (specify below) Chief Executive Officer /
(Street) WHITE PLAINS, NY 10604        (City)              (State)              (Zip)	5. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	124500	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	9/5/2007	8/22/2012	Common Stock	12500	$2.00	D
Options	(1)	1/24/2014	Common Stock	350000	$0.82	D

Explanation of Responses:
( 1)	On the date hereof, the Reporting Person directly beneficially owns options to purchase 350,000 shares of common stock, par value $0.001 per share of Debt Resolve, Inc. Of the 350,000 options, 175,000 are presently exercisable and the remaining 175,000 will become exercisable on July 24, 2008.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MONTGOMERY KEN C/O DEBT RESOLVE 707 WESTCHESTER AVE., SUITE L7 WHITE PLAINS, NY 10604			Chief Executive Officer

Signatures
/s/ Ken Montgomery		3/5/2008
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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