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Digital Utilities Ventures Expands Dealer Network and Reports Strong Q1 Results, Setting the Stage for Continued Growth

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Digital Utilities Ventures (DUTV) has announced expansion of its sales force and strong Q1 2024 results. The company reported revenue of $201,279 with gross profit of $147,637. DUTV highlighted a 10% increase in active sales representatives and introduced the new 'Shore Shed Model 30' for lakefront properties, utilizing oxygen bubble technology for algae cleanup. The product has gained traction, with a social media post about lake shore clean-up results receiving over 56,000 views.

Digital Utilities Ventures (DUTV) ha annunciato l'espansione della sua forza vendita e risultati solidi nel primo trimestre del 2024. L'azienda ha riportato ricavi per $201,279 con un profitto lordo di $147,637. DUTV ha evidenziato un aumento del 10% nel numero di rappresentanti di vendita attivi e ha introdotto il nuovo 'Shore Shed Model 30' per proprietà fronte lago, sfruttando la tecnologia delle bolle di ossigeno per la pulizia delle alghe. Il prodotto ha ottenuto una buona risposta, con un post sui social media riguardante i risultati della pulizia della riva che ha ricevuto oltre 56.000 visualizzazioni.

Digital Utilities Ventures (DUTV) ha anunciado la expansión de su fuerza de ventas y sólidos resultados en el primer trimestre de 2024. La compañía reportó ingresos de $201,279 con una ganancia bruta de $147,637. DUTV destacó un aumento del 10% en los representantes de ventas activos e introdujo el nuevo 'Shore Shed Model 30' para propiedades frente al lago, utilizando tecnología de burbujas de oxígeno para la limpieza de algas. El producto ha ganado popularidad, con una publicación en redes sociales sobre los resultados de la limpieza de la orilla que recibió más de 56,000 vistas.

디지털 유틸리티 벤처스 (DUTV)가 판매 인력을 확대하고 2024년 1분기 실적을 발표했습니다. 회사는 $201,279의 수익과 $147,637의 총 이익을 보고했습니다. DUTV는 활성 판매 대표가 10% 증가했다고 강조하며, 호숫가 부동산을 위한 'Shore Shed Model 30'을 도입했습니다. 이 모델은 조류 청소를 위한 산소 버블 기술을 활용하고 있습니다. 이 제품은 호숫가 청소 결과에 대한 소셜 미디어 게시물이 56,000회 이상의 조회수를 기록하며 인기를 끌고 있습니다.

Digital Utilities Ventures (DUTV) a annoncé l'expansion de sa force de vente et des résultats solides pour le premier trimestre 2024. L'entreprise a rapporté un chiffre d'affaires de $201,279 avec un bénéfice brut de $147,637. DUTV a souligné une augmentation de 10 % des représentants des ventes actifs et a introduit le nouveau 'Shore Shed Model 30' pour les propriétés en bord de lac, utilisant la technologie des bulles d'oxygène pour le nettoyage des algues. Le produit a gagné en popularité, avec une publication sur les réseaux sociaux concernant les résultats du nettoyage du rivage ayant reçu plus de 56 000 vues.

Digital Utilities Ventures (DUTV) hat die Erweiterung seiner Vertriebsmitarbeiter und starke Ergebnisse im ersten Quartal 2024 angekündigt. Das Unternehmen berichtete von Einnahmen in Höhe von $201,279 bei einem Bruttogewinn von $147,637. DUTV hob einen Anstieg der aktiven Vertriebsmitarbeiter um 10 % hervor und stellte das neue 'Shore Shed Model 30' für Seegrundstücke vor, das die Technologie von Sauerstoffblasen zur Algenreinigung nutzt. Das Produkt hat an Zugkraft gewonnen, da ein Beitrag in den sozialen Medien zu den Reinigungsergebnissen am Ufer über 56.000 Aufrufe erhielt.

Positive
  • Q1 2024 revenue of $201,279 with strong gross profit of $147,637
  • 10% increase in active sales representatives
  • Launch of new product 'Shore Shed Model 30' expanding market reach
Negative
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MANKATO, Minn., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Digital Utilities Ventures (OTC: DUTV) is pleased to announce the significant expansion of its sales force for its innovative modular Easy Nano Void Water Clean Up and Easy FEN Liquid Microbial Growth Systems. The Easy Nano Void Product Line now includes the “Shore Shed Model 30” that individual Lake Shore Owners can place next to shorelines. The technology utilizes no harmful chemicals and only trillions of tiny oxygen bubbles to quickly clean up the algae-green mess often found in the swimming area intended for their friends and family. Having a 1/2 million dollar house on a lake shore, which you cannot swim in, can now be a thing of the past thanks to the Easy Nano Void 30.

Easy Nano Void Lake Shore Clean Up

Models of Easy Nan Void Systems Available

Over the past quarter alone, the company has also seen a 10% increase in active sales representatives, reinforcing interest in its innovative product lines.

In addition to the expansion of its sales force and product lines, DUTV is proud to share positive results from its Q1 2024 financials, released on October 18. The company reported $201,279 in revenue for the quarter, with a gross profit of $147,637.

CEO Mark Gaalswyk commented: “We are encouraged by the early success of our sales expansion efforts and the positive financial results this quarter. Our Easy Nano Void technology, particularly the ‘Shore Shed Model 30,’ is quickly becoming noticed in the Lake Shore Owner marketplace. This is further exemplified by a simple X post by my own X account (@MarkGaalswyk) of the Lake Shore clean-up results, quickly obtaining over 56,000 views in a matter of days. We are excited about the opportunities ahead as we continue to grow our sales representatives, our distribution network and innovate within our product lines.”

DUTV remains committed to advancing its technologies and expanding its market reach, particularly water clean-up and green technologies.

For more information, visit www.duventures.com or contact us at info@duventures.com.

For those interested in ordering an “Easy Nano Void Shore Shed Model 30 ” for DUTV to manufacture over the winter for your next summer lake shore fun, please get in touch with BillBliler@easyenergysystems.com Phone: 952-400-6045.

About Digital Utilities Ventures, Inc.

Digital Utilities Ventures, Inc. (OTC Pink: DUTV) is an innovative company focused on utilizing disruptive modular technologies to solve major world problems. With a strong commitment to sustainability and efficiency, DUTV aims to revolutionize various industries through its unique approach to manufacturing and technology development.

Forward-Looking Statements

This press release includes statements that may constitute ''forward-looking'' statements, usually containing the words ''believe,'' ''estimate,'' ''project,'' ''expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

For information on Easy Energy Systems, Inc.: www.easyenergysystems.com

For information on Easy Energy Finance, Inc.: www.easyenergyfinance.com

For more information, please contact:

Mark K. Gaalswyk, CEO
https://www.duventures.com  
Phone: 952-400-6045
Email: info@duventures.com  

SOURCE: Digital Utilities Ventures, Inc.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/28e4140e-86bf-4fcb-b4bc-39d36c9b8753

https://www.globenewswire.com/NewsRoom/AttachmentNg/a37dd7f6-94e1-490b-b19f-686794e53e52


FAQ

What was Digital Utilities Ventures (DUTV) revenue in Q1 2024?

DUTV reported revenue of $201,279 with a gross profit of $147,637 in Q1 2024.

What is the Shore Shed Model 30 by DUTV?

The Shore Shed Model 30 is a lakefront water cleanup system that uses oxygen bubbles to remove algae from swimming areas, designed for individual lake shore owners.

How much did DUTV's sales force grow in Q1 2024?

DUTV reported a 10% increase in active sales representatives during the quarter.

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