GlobeNewswire
2012-05-02
To Establish DUTV as True Digital Utility
NEW YORK, May 2, 2012 (GLOBE NEWSWIRE) -- Digital Utilities Ventures,
Inc (Stock Symbol: DUTV), an innovator in Internet Protocol video
transport systems, is pleased to announce it has finalized merger talks
to acquire 100% of TORQ communications, LLC.
"The merged company will provide Digital Utilities Ventures with a
financially strong, customer-focused telecommunications partner as it
combines the idea of Digital Utilities Ventures being, a true Digital
Utility company. TORQ was incorporated in 2008 and has experience in
data networking and traditional telephony building and in implementing
business-grade Voice over IP (VOIP) services," said Garry McHenry, CEO
of DUTV.
TORQ had last year revenue around $16.000.000.00 in VOIP traffic. The
company is pleased to announce it will release details in the upcoming
weeks of the merger, and how it will strengthen the new broadcast
network called Vizzage which will allow users to develop their own
content and upload it to our IPTV Broadcasting network.
"At Digital Utilities Ventures we have always believed that being a
Digital Utility company, using the Internet we could lower rates for
phone service, and the cost of television broadcasting. No longer do
consumers have to be tied to a telecommunication carrier to make a
call. With the Vizzage Broadcasting we are not bound by territory or
the constraints of the set top box. Advertisers can now narrow cast to
specific target audiences and pay less to do so," 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 McHenryPresidentDigital Utilities Ventures, IncPhone:
315-451-7515E-mail: gmchenry@gmail.com
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