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Digital Utilities Ventures (DUTV) Forecasts Revenues Of $17,000,000
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 reachfor 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
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Digital Utilities Ventures, Inc
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
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