Creative Vistas, Inc. Launches Business Intelligence Software Unit."OSS-IM View" Subsidiary Aims to Continue Company's BI Leadership and Boost Marketing of DependableHome Brand WHITBY, Ontario Whitby (2006 population 111 184) is a town located east of Toronto on the north shore of Lake Ontario, and is the seat of Durham Region, Ontario, Canada. History -- Creative Vistas, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CVAS CVAS Controlled Vehicle Access System CVAS Configuration Verification Accounting System (NASA) ), a leading provider of advanced video security and surveillance solutions as well as broadband-related services, announced today that it has launched a new subsidiary, OSS-IM View (OSS-IM), to further develop its proprietary Business Intelligence (BI) software. OSS-IM will be a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Company's broadband deployment division. The Company's current BI software, developed over five years ago, is a leading-edge program that manages data from over a million multi-faceted transactions fulfilled annually by the Company for its large cable-system customers. Wireless and web enabled, the software provides automated intelligent decision-making for managing customer transactions, vehicles, technicians, supply chains, HR-related functions and other activities. With OSS-IM, the Company will now have a business unit focused specifically on further building its BI capacity, one of its key competitive advantages. It also regards its continual improvement Continual Improvement (also called incremental improvement or staircase improvement) is a process or productivity improvement tool intended to have a stable and consistent growth and improvement of all the segments of a process or processes. of BI capability as crucial to the successful marketing of DependableHome, its soon-to-be-launched brand of residential broadband and security-related products and services. Sayan Navaratnam, Chief Executive Officer of Creative Vistas, commented, "CVAS considers its leadership in business intelligence software a key competitive advantage, and we have actively invested in research and development over the past few years in order to maintain that edge. By establishing a new business unit focused specifically on BI, we intend not only to stay ahead of competitors in this area but to make our proprietary software an even more effective marketing platform for strategic initiatives such as DependableHome." If you would like to be added to Creative Vistas' investor email lists or have additional questions, please contact Haris Tajyar with Investor Relations Investor relations The process by which the corporation communicates with its investors. International at htajyar@irintl.com or sayan@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 See broadband and broadband service provider. . 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 retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → , 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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. |
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