Digital Utilities Ventures to Acquire 100% of TORQ Communications, LLC.

To Establish DUTV as true Digital Utility

May2, 2012. New York, NY. -- 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

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.

For further information contact:
Garry McHenry
President
Digital Utilities Ventures, Inc
Phone: 315-451-7515
E-mail: gmchenry@gmail.com

 

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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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