Printer Friendly
The Free Library
19,607,053 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Creative Vistas Enters Into Letter of Intent to Acquire dataBahn; Combination Allows Company to Enter Mobile Communications Market.


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 integrated electronic security and surveillance systems, announced today that its subsidiary AC Technical Systems Ltd. has entered into a letter of intent to acquire privately-held dataBahn, Inc. Based in Farmers Branch, Texas Farmers Branch is a city in Dallas County, Texas (USA). The city is a suburb of Dallas and is part of the Dallas/Fort Worth Metroplex. The population was 27,508 at the 2000 census. , dataBahn provides innovative solutions to connect consumers and commercial users by providing leading edge, satellite-based Internet, voice and data services to the emerging Broadband Mobile Communications markets. The acquisition price will be payable through the issuance of stock in 2008 and will be adjusted based upon the mobile communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D.  meeting pre-determined revenue and earnings targets. The transaction is expected to be immediately accretive.

dataBahn, founded in May 2002, provides a cost competitive alternative to the T-1 market. The dataBahn Mobile Internet Satellite System is a state of the art, compact, completely robotic satellite transceiver smaller than anything currently sold. It is a self-contained, self-pointing and self-aligning device that automatically locates and points to your satellite without user intervention. As a result, the company is able to provide a very competitive price and bandwidth to the end user, while also providing peripheral equipment such as IP telephony, wireless networking equipment and video conferencing. The dataBahn solution is significantly faster than any other service offered in the consumer satellite market. Basic connectivity service offers at least 256kbps uplink and 2.5mbps downlink speeds while businesses can opt for even higher bandwidth if required. The commercial market presents a significant opportunity for dataBahn in areas such as Homeland Security.

"We believe that this acquisition is highly strategic, as it allows us to offer a cost-effective cutting edge mobile communications solution to our customer base which provides us with the potential for a lucrative and a unique recurring revenue base," said Sayan Navaratnam, Creative Vistas' Chairman and 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. . "The company's mobile platform has broad applicability for our customers, and will allow us to broaden our product line in a substantial way through the use of the Internet. In addition, dataBahn's extensive dealer network should allow us to expand our marketing activities throughout North America, in such target markets as police and fire command."

dataBahn's technology has been featured on ABC Television, CNN CNN
 or Cable News Network

Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world.
, CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence)
CNBC Consumer News and Business Channel
CNBC Congress of National Black Churches, Inc.
, The Discovery Channel and other national media. Its partners include Level 3 Communications
Not to be confused with L-3 Communications, a communications system company.


Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA.
 and ViaSat. The acquisition is subject to completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  and other customary closing conditions.

Further information on dataBahn is available at the company's web site at http://www.thedataBahn.com.

About Creative Vistas, Inc.:

Creative Vistas, Inc., through its wholly-owned subsidiary AC Technical Systems Ltd, is a leading provider of integrated electronic security and surveillance systems. It provides its systems to various high profile clients including: Government, School Boards, Retail outlets, Banks, and Hospitals. The Company has positioned itself as a leading provider of highly advanced integrated security systems. AC Technical Systems, 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 12, 2005
Words:577
Previous Article:Maguire Properties Senior Vice President to Participate at the Deutsche Bank Securities 2005 Real Estate Outlook Conference.
Next Article:Sunbelt Software and Cloudmark Partner to Fight Spam.



Related Articles
Providential Holdings, Inc. Signs Letter of Intent to Acquire Global Systems and Technologies Corp.
NETCOAST GETS INTO FOOD SUPPLEMENTS.
Denali Enables Mobile Electronics Market with Databahn Memory Controller Cores Optimized for Low-Power.
Alpha Virtual Agrees To Acquire Assets of Veridicom, Inc., a Fingerprint Biometrics Technology Company.
Cray implements Denali's Databahn memory controller cores, uses MMAV software for memory modeling and simulation.
iVoice enters into LOI to sell intellectual property to a biometric company.
Creative Vistas Reports 2004 Financial Results.
Creative Vistas and dataBahn Demonstrate Streaming Video Capabilities for Federal Bureau of Investigation -FBI- and Other U.S. Government Agencies.
Creative Vistas and dataBahn Partner to Demonstrate Streaming Video to a Major Broadcasting Corporation.
CVAS' Partner dataBahn Chosen to Provide Streaming Video Capabilities to a Major Broadcasting Corporation.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles