CVAS Creative Vistas Inc (CE)

Creative Vistas, Inc. (OTCBB: CVAS), a leading provider of advanced video security and surveillance solutions as well as broadband-related services, today announced that it expects to report record revenues for its second quarter ending June 30, 2008. The Company expects revenues for the second quarter of 2008 to total between $11.6 million and $12.9 million. This would represent an increase of between 21% to 34% from revenues of $9.6 million in the second quarter of 2007. Approximately $1,000,000 of this revenue is expected to be generated from U.S. customers, up sequentially by 233% from $300,000 in the first quarter of 2008. Dominic Burns, Chief Executive Officer of Creative Vistas, commented, �Our expectation for record second quarter revenues is a result of the increasing demand and market acceptance that our Dependable HomeTech (DHT) product offering is having in the U.S. cable industry. As expected, the costs associated with this growth are temporarily impacting our bottom line. However, continued market penetration and revenue growth from the U.S. should enable the Company to achieve profitability on an EBITDA basis for the second half of 2008 and build the foundation for a significant year in 2009 in both revenues and profitability.� EBITDA for the second quarter of 2008 is expected to range between a loss of ($860,000) to ($1.06 million), compared to EBITDA of $975,700 in the second quarter of 2007. EBITDA represents, for any relevant period, income or loss before the following items: income taxes, depreciation of property, plant and equipment, interest expense including amortization of debt issuance costs, and amortization of intangible assets. As in prior quarters, the Company expects results for the second quarter of 2008 to be affected substantially by adjustments related to its capital structure. For that reason, it believes EBITDA provides a useful tool, in conjunction with measures recognized under generally accepted accounting principles (�GAAP�), for gauging the ongoing performance of its operating units. However, the Company does not consider EBITDA an adequate substitute for GAAP-recognized measures. 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. For further information on Creative Vistas, please visit www.creativevistasinc.com. About Creative Vistas Creative Vistas Inc. (OTCBB: CVAS) is a leading provider of broadband-related services as well as security technologies and systems. Through its subsidiary Dependable HomeTech, formerly known as Cancable Inc., Creative Vistas provisions the deployment and servicing of broadband technologies to the commercial and residential market in Canada and the U.S. Through its 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 growing list of customers for broadband-related services include major cable-system operators in Ontario, Canada and U.S. metropolitan markets including New Orleans and Baton Rouge, La., and Charlotte, N.C. Its security and surveillance systems are used by numerous high-profile clients including government, school boards, retail outlets, banks and hospitals. 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.