Creative Vistas Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2009. For the quarter, the company's revenues totaled $9,142,173, down 15.2% from $10,781,355 in the first quarter of 2008. The company reported a loss from operations of $286,637 compared to a year-earlier operating loss of $1,653,479. Loss before income taxes was $286,637 compared to $6,385,845 for the same period last year. The company's net loss narrowed to $1.77 million or $0.03 basic and diluted per share, from $6.39 million or $0.18 basic and diluted per share in the first quarter of 2008. EBITDA totaled $495,600 compared to negative EBITDA of $962,400 a year earlier.

Creative Vistas Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2008. For the quarter, the company reported revenues totaled $11.10 million, down 3% from $11.47 million in the fourth quarter of 2007. Net loss for the fourth quarter of 2008 was $6.25 million or $0.17 per fully diluted share, compared to net loss of $508,700, or $0.02 per fully diluted share. Earnings before interest, taxes, depreciation and amortization (EBITDA) came to a loss of $459,400 compared to positive EBITDA of $1.0 million in the fourth quarter of 2007. EBITDA, excluding non-cash items in the fourth quarter of 2008, was negative at $39,900. On a sequential basis, the company's fourth-quarter 2008 EBITDA results showed a narrowing loss from the first three quarters of 2008. Negative EBITDA was $532,400 in the third quarter, $831,573 in the second quarter and $962,426 in the first quarter. Negative EBITDA, excluding non-cash items, was $112,900 in the third quarter. For the full year ended December 31, 2008, the company reported revenues totaled $48.47 million, up 21.2% from $39.99 million in 2007. Net loss was $18.91 million or $0.51 per basic and fully diluted share, compared to a net loss of $581,606, or $0.02 per basic and fully diluted share, in fiscal 2007. The rise in full-year sales was due to increased business at the company's broadband-related service division, operating under the Dependable HomeTech brand. Revenues of subsidiary rose 26% to $40.65 million in 2008 from $32.32 million in 2007. For the full year, the revenue increases were due primarily to two major developments at DHT. One was the division's purchase, in October 2007, of the Canadian broadband provisioning firm XL Digital Services Inc. This transaction gave DHT access to two territories of Rogers Cable Inc. where it previously did not have a presence. Total revenue of this segment for 2008 rose to $5.32 million from $1.08 million in 2007. Comprehensive loss was $17.5 million compared to $1.3 million for the previous year. Loss from operations was $6.1 million compared to $1.5 million for the previous year. The company reported goodwill impairment was $3.1 million for the full year of 2008.

Creative Vistas Inc. filed its 10-K on March 31, 2009 for the period ending December 31, 2008. In this report its auditor, Stark Winter Schenkein & Co, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.