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Article Excerpt
M2 PRESSWIRE-30 June 2008-Businessnetwire.us: Stocks in the News: CVAS, DYMTF, HTOG, WLGC(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:30062008
New York, NY -- Creative Vistas, Inc. (OTCBB: CVAS); Dynamotive Energy Systems Corporation (OTCBB:DYMTF); Heartland Oil and Gas Corp. (OTCBB: HTOG) (FWB: HOCA); WordLogic Corporation (OTCBB: WLGC)
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Creative Vistas, Inc. (OTCBB: CVAS) closed at $1.10 Friday, trading 400 shares.
Company News- June 30, 2008: Creative Vistas Expects Record Second Quarter Revenues, Sees Continued Growth in Second Half
Creative Vistas, Inc. (OTCBB: CVAS), a leading provider of advanced video security and surveillance solutions as well as broadband-related services, announced earlier today 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...
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