Creative Vistas, Inc. (CVAS.OB) Reports 1st Quarter Earnings
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…
