Digital Utilities Ventures (DUTV) Completes Acquisition Of TORQ
Communications, LLC
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
For further information contact:
Garry McHenry
President
Digital Utilities Ventures, Inc
Phone: 877-254-4195
E-mail: gmchenry@gmail.com
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
