DUTV Digital Utilities Ventures Inc (PK)

Goal is to Enhance VOD, IPTV and Other IP Services to Industry MIAMI, July 24 /PRNewswire-FirstCall/ -- 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 that it is in partnership discussions with the Korean-based Gapsoft Corporation to offer key hotel markets in Japan, Korea and Singapore enhanced IP-based Entertainment products such as Internet on the television, movies, concerts, and classic TV on Demand using DUTV's New Last Mile as the transport vehicle. The New Last Mile uses an Internet based platform to deliver its TV programming. This means that Digital Utilities Ventures can deliver live programming of broadcast quality from anywhere in the world over the Internet directly: -- To TV sets without the aid of computers (IP ready) by simply piggybacking on existing broadband connections, and -- To cell phones worldwide via WIFI and Mobile Telephone Switching Office (MTSO) 3G networks and the emerging next generation 4G WIMAX -- All using under 1 megabit of the Internet as the backbone to the television set and 150 kilobits to the cell phone. In effect, creating the first global "Virtual Cable Television Network". "This is a major benefit to hotel operators," said Garry McHenry, President of Digital Utilities Ventures (DUTV), "since they can upgrade their property utilizing existing cabling, significantly enhancing per room revenues, while improving guest experience with large screen TV viewing of Internet content such as YouTube, along with a broad selection of other entertainment properties." Chan Lee, CEO & Business Development Director of Gapsoft said, "We are looking forward to working with DUTV." "Together, we can integrate Internet transported video content sources vastly increasing the entertainment choices for hotel viewers." About Gapsoft Corporation -- Founded in 2003, Gapsoft is headquartered in Korea. The company provides IPTV solutions for In-Store IPTV & Hotel IPTV markets via a broad range of middleware products and services. About Digital Utilities Ventures, Inc. -- Digital Utilities is an intellectual property company and advanced technology incubator incorporated in the State of Delaware in June 2006. The Company was formed to manufacture and market its innovative, Internet to TV and Cell Phone Communications System for the domestic and international Quad-Play/Convergence services industries. The Company went public on March 26, 2009. Website: http://www.dutv.us/ For further information contact: Garry McHenry President Digital Utilities Ventures, Inc. Phone: (561) 424-1965 E-mail: 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. DATASOURCE: Digital Utilities Ventures, Inc. CONTACT: Garry McHenry, President of Digital Utilities Ventures, Inc., +1-561-424-1965, Web Site: http://www.dutv.us/

Copyright