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Creative Vistas > Investor Relations > Headlines > January 25, 2008

Press Release

Creative Vistas, Inc. Acquires Approximately 10% Stake in Cable Servicing Firm 180 Connect

Creative Vistas, Inc. today announced that it has acquired approximately a 10% stake in 180 Connect Inc., an Englewood, Colorado-based company with over $280 Million in revenues for the first nine months of 2007, that provides installation, integration and fulfillment services to satellite and cable system operators in the U.S. and Canada.

The purchase was an all-stock transaction in which Creative Vistas acquired approximately 2.65 million shares of 180 Connect held by an institutional investor.

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.

About 180 Connect

180 Connect is one of North Americas largest providers of installation, integration, and fulfillment services. Performing approximately 3 million in-home visits per year, 180 Connect has more than 4,000 highly trained technicians and a fleet of over 3,000 company-owned vehicles operating out of 85 branches across the United States and Canada. Through Ironwood Communications, it is one of the largest services providers for DIRECTV. It also provides a One Source Solution for fiber networks and communication integration to municipalities and private developers. In its latest reporting quarter, the third quarter ended September 30, 2007, it reported $102.5 million in revenue.

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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