NEW YORK, Feb. 1, 2013 /PRNewswire/ -- Digital Utilities
Ventures, Inc (Stock Symbol: DUTV:PK), an innovator in Internet
Protocol video transport systems, is pleased to announce that the
company has been granted Current Information Status by OTC Markets
following the successful updating of financial and disclosure
information pertinent to its recent merger with TORQ
Communications. "We have spent a lot of time and resources keeping
our current status during the last 12 months and now that all the
year end accounting from our merger with TORQ is complete, we can
finally move forward with building our business and showcasing to
the market what our products can and will do in the IPTV and
Telecommunication industries," stated Garry
McHenry, CEO of Digital Utilities.
DUTV Management also received approval this week from its
auditors to release 2012 revenues from the TORQ merger, as well as
forecasts for the combined businesses for 2013. "I am
confident our investors and stockholders will be very pleased when
we release our numbers next week. The revenue release will
also coincide with other exciting partnership and managerial
announcements that will be forthcoming in the coming weeks."
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
President
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
