Creative Vistas Launches Revolutionary Bank Security Product.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 has launched a revolutionary bank security product. Called the Intelligent Banking Management System (IBMS IBMS International Bone and Mineral Society IBMS Institute of Biomedical Sciences IBMS Intelligent Building Management System IBMS Integrated Broadcast Management System (Pilat Media) IBMS Integrated Business Management System ), the Company's first proprietary product offers an ideal solution for expanding video coverage, expediting investigations and dispute resolutions, and lowering operational costs. Designed specifically for banking and financial institutions, IBMS is a network-based product that provides a branch manager or a loss prevention manager with the ability to search transactions from hundreds of locations from a central branch. IBMS is able to digitally stores pictures of persons who are associated with and sort transactions within a ATM, teller, or branch level transactions. The company is currently in initial discussions with a number of banks to potentially pilot the product in their environment. "We believe that this product has the potential to change the way transactions are monitored at millions of ATM and thousands of bank branches across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ," said Sayan Navaratnam, Chief Executive Officer of Creative Vistas, Inc. and AC Technical Systems Ltd. "With the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry becoming increasingly competitive, the ability to minimize loss through our state-of-the-art video technology will enable banks to enhance security in a cost-effective manner. We have already received strong interest in this exciting product." Using IBMS the bank is able to search for a transaction using many different criteria including; time, date, transaction number, account number, ATM number, branch ID, withdrawal amount, deposit amount, etc. When the bank initiates a search using any of the above criteria, the system provides the bank with a predefined number of pictures associated to the transaction. The search process should take less than 1 minute to complete. The system could save the banking industry enormous amounts of monies and other resources and provides a very effective security solution. By contrast, many banks today still rely on time-lapse VCR's and first generation Digital Video Recorders See DVR. for monitoring lobbies, tellers and ATM machines (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. . Poor quality video, inaccurate data, limited or no remote access, unreliability, and time consuming searches are just some of the problems when utilizing this video for critical functions such as evidence and dispute resolution. 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 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 or circumstances. |
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