Creative Vistas Inc. Announces Record Fourth Quarter and Fiscal Year Results for 2006.

Company Reports $30.5 Million in Full-Year Revenues, Topping Guidance, With EBITDA, Excluding Non-Cash Compensation, of $3.1 Million

WHITBY, Ontario -- Creative Vistas, Inc., (OTCBB:CVAS), a leading provider of advanced video security and surveillance products as well as broadband-related services, today reported financial results for the fourth quarter and fiscal year ended December 31, 2006.

For the fourth quarter ended December 31, 2006, revenues totaled $7.7 million, up 353% from $1.7 million in the fourth quarter of 2005. The increase was primarily due to revenues from the CVAS subsidiary Cancable Inc., acquired in January 2006. For the full fiscal year ended December 31, 2006, revenues totaled $30.5 million, up 250% from $8.7 million in 2005. As with quarterly revenues, the increase was due primarily to the Cancable acquisition.

Revenues for both the fourth quarter and full year 2006 were above the company's most recent guidance of $7.5 million and $30 million, respectively. That guidance, given in January 2007, was an increase from an original forecast of $26 million in 2006 revenues.

Net loss for the fourth quarter of 2006 was ($1.2M), or ($0.03) per fully diluted share, compared to net income of $212,000, or ($0.07) per fully diluted share, in the fourth quarter of 2005. For the full year 2006, net loss was ($5.5M), or ($0.17) per fully diluted share, compared to income of $827,000 and an adjusted loss, on a fully-diluted share basis, of ($0.06) in 2005. For fiscal 2006, there was non-cash stock compensation of $682,000, amortization and depreciation in the amount of $2,369,000, derivative instrument expenses of $1,106,000 and non-cash payment interest of $1,913,000. In 2005, there was non-cash stock compensation in the amount of $351,000, amortization and depreciation in the amount of $494,700, derivative instrument income of $3,734,900, written off goodwill in the amount of $503,900 and non-cash payment for liquidated damages of $137,700.

EBITDA(1) Trend Points to Profit Growth

Quarterly and annual net income figures for both 2006 and 2005 were affected by substantial swings in the valuation of derivative liabilities and other non-operating factors. The Company believes that EBITDA is an important measure of operating performance. It eliminates items that have less bearing on the Company's operating performance and thus highlights trends in our core business that may not otherwise be apparent when relying solely on GAAP financial measures. For the fourth quarter of 2006, the operating loss was ($580,900) with the addition of the depreciation of the capital assets in the amount of $190,900 and amortization of intangible assets in the amount of $600,000, the EBITDA was $210,000. For the fourth quarter of 2005, the operating loss was ($87,000) with the addition of depreciation of the capital assets in the amount of $6,600, the negative EBITDA was ($80,400). EBITDA was $0.3 million up from the loss of ($80,000) in the fourth quarter of 2005. For all of 2006, the operating income was $802,300 with the addition of the depreciation of the capital assets in the amount of $986,000 and amortization of intangible assets in the amount of $600,000, the EBITDA was $2.4M. For all of 2005, the operating loss was ($1,146,300) with the addition of the depreciation of the capital assets in the amount of $44,000, the negative EBITDA was ($1.1M). Included in the EBITDA for 2006 was non-cash stock compensation in the amount of $682,000 compared to $351,000 for fiscal 2005. The EBITDA excluding non-cash compensation amounted to $3.1 million for 2006.

On the Company's balance sheet, cash and equivalents totaled $3,560,181 on December 31, 2006, up from $532,694 a year earlier.

Sayan Navaratnam, Chairman and CEO of Creative Vistas, said, "The year 2006 was a very successful year and notable as a time of transition and integration as well as growth. We successfully incorporated Cancable into our corporate family, and as the year went on we increasingly saw the positive impact of this acquisition. Cancable's revenue and gross margins have had a positive impact on our results over the past year; we expect additional value from this division over the next three to five years as we plan to leverage the Cancable platform of broadband-related services to expand our market for networked video surveillance services and related networked products. 2006 was a year in which we experienced successful growth in revenue and EBITDA while continuing to invest in R&D to further develop video based surveillance technologies to aid our growth strategy in the long run. Finally, the latest quarter shows us to be consistently profitable on an EBITDA basis - a fact that will enable us to shift over time to internal cash flow as our primary source of growth capital. Already we can see that shift occurring, as witnessed by the strengthening of our cash position during 2006."

14% Revenue Rise Seen in First-Quarter Guidance

For the first quarter ending March 31, 2007, the Company said it expects revenues of approximately $7.4 million, or 14% above the $6.5 million reported in the first quarter of 2006. EBITDA, excluding non-cash expenses, is expected to be positive for a sixth consecutive quarter.

For further information on Creative Vistas please visit www.creativevistasinc.com . 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 [e-mail] or [e-mail].

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 integrated electronic security and surveillance solutions. 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 also 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.

1 EBITDA represents, for any relevant period, income (loss) before income taxes, depreciation of property, plant and equipment, interest expense (including amortization of debt issuance costs) and amortization of intangible assets.

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