Digital Utilities Ventures to Launch the First Open Source TV Network
NEW YORK, Apr 17, 2012 (GlobeNewswire via COMTEX) --
Digital Utilities Ventures, Inc (Stock Symbol:DUTV), an innovator in over the IP video transport systems with its breakthrough New Last Mile Platform, announced today its planned launch of the First Open Source TV Network that will empower TV viewers to create and broadcast their own programming via an exclusive broadcast channel for the Internet Protocol TV (IPTV) market.
"The Internet is the world's dominant global communications platform and is transforming how we connect. Our mobile phones have now evolved from devices used just for making calls into "Smart-Phones" - basically hand held computers with Internet accessibility. The same technology is converting the common TV into high definition, large screen "Smart TVs" with web access to online interactive media such as Internet TV, Media Streaming, Social Networking and Web Browsing."
"We are harnessing this Communication Tsunami to create the first broadcast channel for the Internet TV Revolution. Once launched, our website will allow users to develop their own content and upload it to our broadcast channel. This will unleash the full power of the Internet as the ultimate content creator and broadcaster. Individuals will be able to produce programming with an unlimited range of subjects covering travel, sports, science, drama, comedy, politics etc. ending the TV Industry's virtual monopoly of content and energizing an untapped treasure trove of global talent," said Garry McHenry, CEO of DUTV.
"As a result", continued McHenry, "advertisers can deliver custom ads based on user data. Our platform and Smart TV technology is at the center of what advertising is about--an in-depth audience understanding that allows companies to connect to consumers where they are and enhance a brand relationship. With this interactivity as the crux of the new system, the way we watch and interact with TV will fundamentally change." "Whether it's on a desktop, a mobile phone or on television, DUTV will be there, streaming HD quality video." "It's one stop shopping for both advertisers and consumers."
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:
Digital Utilities Ventures, Inc
Phone: (561) 424-1965
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.
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SOURCE: Digital Utilities Ventures
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