NEW YORK, Feb. 7, 2013 /PRNewswire/ -- Digital Utilities
Ventures, Inc (OTCPINK: DUTV), an innovator in Internet
Protocol video transport systems, is pleased to release
conservative revenue forecasts of $17
million for 2013. 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 rates will not only make us
most competitive but also very cost effective leading to higher
gross revenues and profitability. And we are committed to
reinvesting 15% of these profits into research, development, and
additional acquistions to further strengthen our position in the
marketplace."
McHenry adds, "Ongoing discussions with other strategic partners
and private investors could revise these revenue forecasts
significantly upward in the next two weeks and expand our access to
fiber lines across Europe and thus
our reach for advertising dollars and profitability for the
Vizzads advertising platform. Bottom line is this access will give
us a major competitive and revenue advantage as we stream our IPTV
network Vizzage globally."
The company is aggressively pursuing other partnerships in
telecommunications that will generate synergy with its network
technologies and platforms. "Big name telecommunication
companies and private investors in this space are knocking on our
door now and that's very exciting. It is just a matter of
time before we partner with one or more of them as we climb to the
top of the IPTV market," concludes 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
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
