Message #29 From:
Stock News Bot Date: October 31, 2006 08:30:00 AM
CVAS News Creative Vistas Inc. Signs 3-Year, $950,000 Contract for Surveillance Service at Canadian Govt. Ministry
WHITBY, Ontario--(BUSINESS WIRE)--Creative Vistas, Inc., (OTCBB:CVAS), a leading provider of advanced
video security and surveillance products as well as broadband-related
services, today announced that its AC Technical Systems subsidiary has
signed a three-year, CAD $950,000 contract to maintain surveillance
systems at a major Canadian provincial ministry.
The contract runs from August, 2006 to September, 2009. It calls for AC
Technical Systems to handle maintenance and servicing of the ministry’s
surveillance infrastructure.
“This contract is significant to AC Technical
Systems and its parent, CVAS, for at least two reasons,”
said Sayan Navaratnam, CVAS Chairman and CEO. “First,
it provides a substantial revenue stream over an exceptionally long
period. Second, it extends AC Technical Systems’
already well-established presence in Canada’s
public sector. Through AC Technical Systems’
latest contract, CVAS is enhancing its leadership position in security
products and services based on the latest technologies.”
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 htajyar@irintl.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 wholly-owned subsidiaries AC Technical
Systems Ltd. and Iview Digital Video Solutions Inc., it offers
proprietary and non-proprietary technologies to the integrated
electronic security and surveillance market. 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 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.
