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

Creative Vistas Subsidiary Expects Additional Revenues From New Contracts For High Profile Government Ministry.


Company's AC Technical Systems Subsidiary Awarded Projects To Integrate Advanced Surveillance System for Gang Courts

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 products as well as broadband-related services, today reported that its AC Technical Systems subsidiary has been awarded projects to supply and integrate security and surveillance systems for a Canadian government ministry. Revenues from these projects are expected to add incremental revenues to the Company this year.

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.  Sayan Navaratnam commented: "These projects represent further evidence of our capability to provide state of the art surveillance solutions to high profile customers and projects. These are highly valuable growth opportunities as we further look to expand our solutions by focusing on vertical markets within the surveillance sector. Surveillance is an important part of our core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
  1. It provides customer benefits
  2. It is hard for competitors to imitate
  3. It can be leveraged widely to many products and markets.
 and receiving high profile orders in this sector is important to our strategic growth plan."

AC Technical Systems was awarded the contract by the provincial ministry to supply advanced integrated surveillance systems for Gang Courts in Ontario, Canada. After going through an extensive prequalification process AC Technical Systems was awarded the project based on its expertise, track record and the ability to provide one of the best integrated security solutions on time and on budget. AC Technical Systems has been a security integrator and provider of surveillance solutions to the Government of Ontario The Government of Ontario refers to the provincial government of the province of Ontario. Its powers and structure are set out in the Constitution Act, 1867.

In modern Canadian use, the term "government" refers broadly to the cabinet of the day, elected from the Legislative
 for many years. These projects are the latest in an impressive list of projects completed for the province.

The integrated security system is a comprehensive security management solution encompassing complete access control, advanced event monitoring In computer science, event monitoring is the process of collecting, analyzing, and signalling event occurrences to subscribers such as operating system processes, active database rules as well as human operators. , CCTV CCTV
abbr.
closed-circuit television


CCTV closed-circuit television
, Intercom, duress alarm along with walk through metal detection and x-ray baggage scanning. The integrated system is designed to be flexible and scalable, and meet enterprise system needs in features and performance. The system is intended to provide an extra inner layer of security to ensure court cases are safe for all the stakeholders Stakeholders

All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
.

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 Investor relations

The process by which the corporation communicates with its investors.
 International at htajyar@irintl.com or info@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. Operating through its 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 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, 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
Geographic Code:1CANA
Date:Mar 1, 2007
Words:557
Previous Article:Zacks Broker Upgrades: Coca-Cola, Analog Devices, General Electric and JPMorgan Chase.
Next Article:Richard Moran Joins Venrock, Expanding Its Footprint in Internet-Based Technology Ventures.
Topics:



Related Articles
Creative Vistas Launches New Version of Integrated Intelligent Video Management System for the Surveillance Market.
Checkpoint Systems, Inc. to Restate Financial Results From Prior Periods.
CB&I Reports 2006 Results.
TETRA Technologies, Inc. Announces Record Annual Earnings.
Fitch Assigns Basin Electric Power Cooperative 'AA-'; Outlook Stable.
URS Corporation Reports Fiscal 2006 Year-End Results.
QSGI Reports 126% Revenue Growth within Data Center Maintenance Division, Along with Record Revenue on 37% Growth within Data Security & Compliance...
Lumera Reports Fourth Quarter and Full Year 2006 Results; Company Elects C. James Judson Chairman.
TurboChef Reports 4th Quarter and 2006 Results.
Fitch Rates Santee Cooper (South Carolina) Rev. Obligations, 2007 Series A 'AA'.

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