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
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. |
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