X0206 3 2014-09-03 0 0000095047 DEER VALLEY CORP DVLY 0000897893 PEERLESS SYSTEMS CORP 1055 WASHINGTON BLVD 8TH FLOOR STAMFORD CT 06901 0 0 1 1 see footnote 1 below Common Stock 12310458 D Common Stock 126000 D The Reporting Person does not own any securities of the Issuer as of the date of the filing of this report on Form 3. This Form 3 is being filed by the Reporting Person to report the number of shares over which the Reporting Person will have sole voting and dispositive power upon the closing of a stock purchase agreement dated September 3, 2014 (the "SPA") by and among the Reporting Person, the Issuer and Vicis Capital Master Fund ("Vicis"). Pursuant to the SPA, the Reporting Person intends to acquire on closing (i) 12,310,458 shares of Common Stock from Vicis; and (ii) 126,000 shares of Common Stock from the Issuer. The purchase of the shares of Common Stock reported hereunder by the Reporting Person is expected to close on or before September 30, 2014. This Form 3 is being filed at this time because no material contingencies exist that are not waivable by the Reporting Person. /s/ Timothy E. Brog 2014-09-15