Press Release
Creative Vistas, Inc. To Launch ''DependableHome''
- Networked Surveillance Package to be Offered to More
than One Million Customer Contacts
Tuesday June 12, 11:00 am ET
WHITBY, Ontario--(BUSINESS WIRE)--Creative Vistas,
Inc., (OTCBB:CVAS - News), a leading provider of advanced
video security and surveillance products as well as
broadband-related services, today announced that it
will be launching DependableHome - a network-based package
of surveillance products and related devices and services
being made available to more than one million customer
contacts in Ontario, Canada.
DependableHome is a registered branded offering of
CVAS' Cancable subsidiary, which provides field support,
broadband installation, networking, outsourced sales
and other services to cable companies. The DependableHome
product offering will include the installation and servicing
of surveillance systems and other related devices, enabling
opportunities for subscription-based recurring revenues
Sayan Navaratnam, Creative Vistas' Chairman and CEO,
commented: "We are very pleased to announce the
launch of DependableHome. We believe that it is an important
component of our long-term strategic and financial goals.
We will be utilizing our core competency in surveillance
technologies to build out an offering to the residential
market. Given our competency in surveillance, deployment,
servicing, and support capabilities we are confident
that we can provide a very good offering to the residential
market and expect to see positive results. Although
the number of potential customers will be less than
the 1 million plus customer contacts, we believe that
there is a very large potential customer base for our
services."
Cancable's deployment services currently provide over
450,000 customer home visits on behalf of Rogers and
Cogeco. Cancable also provides its technical phone and
sales support services to over 700,000 customer calls
on behalf of the two cable companies. The initial launch
of DependableHome is to be targeted at these 1,150,000-plus
targeted house visits and calls.
Dependable Home is a significant strategic initiative
of CVAS and its group of companies. It has been developed
over the past twelve months as a foundation to build
a branded networked surveillance offering to the consumer
market place. An addition of an executive hire at a
Vice President level is expected to be announced in
the second quarter. The first phase of the program leveraging
existing and new surveillance products and services,
targeted at the above mentioned market, is expected
to be launched in the fourth quarter of this year.
If you would like to be added to Creative Vistas' investor
email lists or have additional questions, please contact
Haris Tajyar with Investor Relations International at
htajyar@irintl.com or sayan@creativevistasinc.com. For
further information on CVAS please visit www.creativevistasinc.com
About Creative Vistas
Creative Vistas, Inc., is a leading provider of security-related
technologies and systems. It also provisions the deployment
of broadband services. Operating through its wholly-owned
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 market. Its systems are used by numerous
high-profile clients including government, school boards,
retail outlets, banks and hospitals. Through its subsidiary
Cancable Inc., the Company provisions the deployment
and servicing of broadband technologies to the commercial
and residential market. Creative Vistas is based in
Ontario, Canada.
Forward-Looking Statements: Statements about the Company's
future expectations, including future revenues and earnings,
and all other statements in this press release other
than historical facts are "forward-looking statements"
within the meaning of Section 27A of the Securities
Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as the term is defined in the Private
Securities Litigation Reform Act of 1995. The Company's
actual results could differ materially from expected
results for reasons described from time to time in the
Company's public filings. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequently occurring events.
Contact:
Investor Relations International
Haris Tajyar, 818-382-9700
htajyar@irintl.com
OR
Creative Vistas, Inc.
Sayan Navaratnam, 905-666-8676
sayan@creativevistasinc.com
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