TMCnet News
Digital Utilities Ventures Forecasts 2013 RevenuesFeb 12, 2013 (Close-Up Media via COMTEX) -- Digital Utilities Ventures, Inc, a provider of Internet Protocol video transport systems, released conservative revenue forecasts of $17 million for 2013. In a release dated Feb. 7, Garry McHenry, CEO of Digital Utilities said, "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 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 percent of these profits into research, development, and additional acquistions to further strengthen our position in the marketplace. "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 reach for 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. "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." Digital Utilities Ventures is an intellectual property company. ((Comments on this story may be sent to [email protected])) |