Creative Vistas, Inc. (OTCBB: CVAS), a provider of advanced video security and surveillance solutions, and broadband-related services, reported financial results for the first quarter ended March 31, 2008. Reported revenue for the first quarter of 2008 totaled $10.78 million, which is an increase of 38% from $7.79 million reported for the first quarter of 2007. Creative Vista’s broadband-related company, Cancable, posted a 45% rise in revenues, which contributed to the increase in Creative Vistas’ revenue.
Cancable entered into contracts for installation and repair services with two major U.S. cable providers, Time Warner Cable and Cox Communications, in major metropolitan-area markets in Louisiana and North Carolina in the first quarter of this year. Net loss for the first quarter of 2008 was $6.39 million, compared to a net loss of $532,098 in the first quarter of 2007.
Creative Vistas Inc. is a provider of security-related technologies and systems. The company also provides broadband services. The company offers proprietary and non-proprietary technologies to the integrated electronic security and surveillance market through its wholly-owned subsidiaries AC Technical Systems Ltd.,and Iview Digital Video Solutions Inc. Clients including government, school boards, retail outlets, banks and hospitals use the company’s system.
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