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.