NEW YORK, Jan. 14, 2013 /PRNewswire/ -- Digital Utilities Ventures, Inc (Pinksheets: DUTV), an innovator in Internet Protocol video transport systems, is pleased to announce it has finalized the merger to acquire 100% of TORQ Communications. Garry McHenry, CEO of Digital Utilities stated, "TORQ has network and interconnections with major network providers worldwide and will allow the DUTV distribution of video content to be a powerhouse that is dedicated to surpassing consumers' expectations, both with the innovative content, and new vertical markets for Internet Protocol Television (IPTV). The merger will be a major corporate component that allows a new look and feel of the Vizzage brand."
Vizzage is creating a format that represents a key expression of the future, and profitability 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 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.
The details of the TORQ merger including new corporate strategies, revenue projections, potential partnerships with U.S. based carriers, and the assignment of a new TORQ management team, will be announced in the coming weeks. "Most of all I want to thank our loyal investors and supporters that have waited so long for this merger to be completed. It took much longer than anyone had expected but fortunately we have successfully completed this deal and look forward to moving full speed ahead this year with our IPTV vision and technologies," concluded McHenry.
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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SOURCE Digital Utilities Ventures, Inc