Digital Utilities Ventures to Acquire 100% of TORQ Communications, LLC.
02 Mai 2012 - 8:51PM
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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