Digital Utilities Ventures (DUTV) Attains Current Status with OTC Markets
Disclosures to OTC Markets regarding TORQ Communications merger revised
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
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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