Archive for the ‘Creative Vistas Inc. CVAS’ Category

Stock Guru Featured Client: Creative Vistas, Inc. (CVAS.OB)

Friday, August 1st, 2008

Creative Vistas, Inc. (CVAS.OB) is a leading provider of broadband-related services and security technologies and systems. Through its subsidiary, Dependable HomeTech (formerly known as Cancable Inc.), Creative Vistas provisions the deployment and servicing of broadband technologies to commercial and residential markets in Canada and the U.S. Through its subsidiaries, AC Technical Systems Ltd. and Iview Digital Video Solutions Inc., it offers proprietary and non-proprietary technologies to the integrated electronic security and surveillance markets.

Creative Vistas’ growing list of customers for broadband-related services include major cable-system operators in Ontario, Canada and U.S. metropolitan markets, including New Orleans and Baton Rouge, La., and Charlotte, N.C. Numerous high-profile clients, including governments, school boards, retail outlets, banks and hospitals, use its security and surveillance systems.

Creative Vistas enjoys increasing demand and market acceptance for its Dependable HomeTech (DHT) product offering within the U.S. cable industry. Creative Vistas expects to achieve profitability on an EBITDA basis for the second half of 2008 and to build the foundation for a significant year in 2009 and beyond in both revenues and profitability. Creative Vistas is based in Ontario, Canada.

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Creative Vistas, Inc. (CVAS.OB) Reports 1st Quarter Earnings

Thursday, May 15th, 2008

Creative Vistas, Inc. (OTCBB: CVAS), a provider of advanced video security and surveillance solutions, and broadband-related services, reported financial results for the first quarter ended March 31, 2008. Reported revenue for the first quarter of 2008 totaled $10.78 million, which is an increase of 38% from $7.79 million reported for the first quarter of 2007. Creative Vista’s broadband-related company, Cancable, posted a 45% rise in revenues, which contributed to the increase in Creative Vistas’ revenue.

Cancable entered into contracts for installation and repair services with two major U.S. cable providers, Time Warner Cable and Cox Communications, in major metropolitan-area markets in Louisiana and North Carolina in the first quarter of this year. Net loss for the first quarter of 2008 was $6.39 million, compared to a net loss of $532,098 in the first quarter of 2007.

Creative Vistas Inc. is a provider of security-related technologies and systems. The company also provides broadband services. The company offers proprietary and non-proprietary technologies to the integrated electronic security and surveillance market through its wholly-owned subsidiaries AC Technical Systems Ltd.,and Iview Digital Video Solutions Inc. Clients including government, school boards, retail outlets, banks and hospitals use the company’s system.

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