CVAS' Technology Division -- Iview DVSI -- Secures $2.0 Million USD Financing.WHITBY, Ontario -- Creative Vistas, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CVAS CVAS Controlled Vehicle Access System CVAS Configuration Verification Accounting System (NASA) ) announced today that its subsidiary Iview Digital Video Solutions Inc. (Iview DVSI DVSI Digital Voice Systems Incorporated ), has raised an aggregate of $2.0 Million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in a five year Term Note from Laurus Master Fund, Ltd. ("Laurus Funds"), a New York-based institutional investment fund that specializes in providing financing to small and micro-capitalization companies. Iview DVSI is a provider of highly advanced video processing technologies to the surveillance market. The funds will be used for Research and Development, Sales and Marketing, and general working capital. The details of the transaction are available in CVAS' 8-K filing with the US Securities and Exchange Commission. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Sayan Navaratnam of Creative Vistas, Inc. said, "We are extremely pleased to receive this investment from Laurus Funds. This funding is an important step to execute our growth plan. The continued funding and growth of Iview DVSI is an important milestone for CVAS. Iview DVSI will continue to provide advanced video technologies to the surveillance market." Iview DVSI has launched Iview 360 and Iview 360dVR, breakthrough imaging technologies for the security and surveillance market. Iview 360 is currently being deployed at Air Canada Centre • • [ , the home of NBA's Toronto Raptors and NHL's Toronto Maple Leafs The Toronto Maple Leafs are a professional ice hockey team based in Toronto, Ontario, Canada.They are members of the Northeast Division of the Eastern Conference of the National Hockey League (NHL). . More information about Iview DVSI is available at www.iviewsolutions.com. Creative Vistas, Inc. is a leading provider of advanced security and surveillance products and solutions. It also provisions the deployment and servicing of broadband technologies to the commercial and residential market. It primarily operates through its wholly-owned subsidiaries AC Technical Systems Ltd and Iview Digital Video Solutions Inc, to provide integrated electronic security and surveillance systems and technologies. It provides its systems to various high profile clients including: Government, School Boards, Retail Outlets, Banks, and Hospitals. The Company operates through its subsidiary Cancable Inc. to provision the deployment of broadband technologies to the commercial and residential market. The Company has offices 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 or circumstances. |
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