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