Digital Utilities Ventures (DUTV) Announces Upcoming Discussions With U.S. Based VoIP Carrier
Merger with TORQ Communications positioning DUTV to the forefront of IPTV and Telephony Markets
NEW YORK, Jan. 24, 2013 /PRNewswire/ -- Digital Utilities Ventures, Inc (Pinksheets: DUTV), an innovator in Internet Protocol video transport systems, is pleased to announce upcoming discussions with a U.S. based VoIP carrier as a result of the recent merger with TORQ Communications. Garry McHenry, CEO of Digital Utilities stated, "TORQ has network and interconnections with major network providers worldwide in Africa, South America, and Europe that will allow DUTV to stream its Vizzage Brand Network over these TORQ Voice over IP (VoIP) lines at very cost effective rates. These competitive rates and broad reach are the cornerstone and competitive edge for us to build a very lucrative Digital Branded content and advertising model that will propel us forward in the rapidly expanding IPTV and Telephony markets."
Vizzage is creating a format that represents a key expression of the future in IPTV. According to McHenry, the company will focus on merging both new and existing technologies to bring forth innovation in the marketplace that will provide IPTV centered products that will enable a whole new kind of programming to reach audiences everywhere. The end result is Vizzage, which will demonstrate the powerful ability to be moved by innovative, dynamic programming that challenges the imagination and reinforces the idea that life is an amazing experience.
"With new partnerships and growing technology in telecommunications on the horizon, we are looking forward to profitability and expansion in the coming year. We know our investors have been watching closely as we move ahead and we are looking forward to bringing more positive news in the coming weeks and months," said McHenry. "As a matter of fact this recent TORQ merger has already delivered us a scheduled meeting with a U.S. based VoIP carrier in early February," he concludes.
Further details of the TORQ merger including revenue projections, potential partnerships with U.S. based VoIP carriers, and the assignment of a new TORQ management team, will be forthcoming as well.
About Digital Utilities Ventures, Inc – Digital Utilities Ventures is an intellectual property company and advanced technology incubator incorporated in the State of Delaware in June 2006. The Company was formed to utilize its innovative, Internet to TV and Cell Phone Communications System for the domestic and international Quad-Play/Convergence services market. The Company went public on March 26, 2009. Website: www.DUTV.US
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Digital Utilities Ventures, Inc
Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE Digital Utilities Ventures, Inc
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