----

| Arizona(State or other jurisdiction ofincorporation or organization | 6770(Primary Standard IndustrialClassification Code Number) | 86-0464104(I.R.S. EmployerIdentification No.) |
|---------------------------------------------------------------------|-------------------------------------------------------------|-----------------------------------------------|

| Large Accelerated Filer o                                 | Accelerated Filer o         |
|-----------------------------------------------------------|-----------------------------|
|                                                      |                        |
| Non-Accelerated Filer o                                   | Smaller Reporting Company x |
| (Do not check if a smaller reporting company)   |                        |

----

| Item 1.              | Condensed Financial Statements                                                        | 1      |
|----------------------|---------------------------------------------------------------------------------------|--------|
|                 |                                                                                  |   |
| Item 2.              | Management's Discussion And Analysis of Financial Condition and Results of Operations | 14     |
|                 |                                                                                  |   |
| Item 3.              | Quantitative and Qualitative Disclosures about Market Risk                            | 19     |
|                 |                                                                                  |   |
| Item 4.              | Controls and Procedures                                                               | 19     |
|                 |                                                                                  |   |
| PART II.             |
| OTHER INFORMATION    |
|                 |                                                                                  |   |
| Item 1.              | Legal Proceedings                                                                     | 19     |
|                 |                                                                                  |   |
| Item 1A.   | Risk Factors                                                                          | 19     |
|                 |                                                                                  |   |
| Item 2.              | Unregistered Sales of Equity Securities and Use of Proceeds                           | 19     |
|                 |                                                                                  |   |
| Item 3.              | Defaults upon Senior Securities                                                       | 19     |
|                 |                                                                                  |   |
| Item 4.              | Removed and Reserved.                                                                 | 20     |
|                 |                                                                                  |   |
| Item 5.              | Other Information                                                                     | 20     |
|                 |                                                                                  |   |
| Item 6.              | Exhibits                                                                              | 20     |

----

| PART I. | FINANCIAL INFORMATION |
|---------|-----------------------|

| Item 1. | Financial Statements |
|---------|----------------------|

| Creative Vistas, Inc.                                                                 |   |           |        |   |              |   |
|---------------------------------------------------------------------------------------|--------|----------------|-------------|--------|-------------------|--------|
| Condensed Consolidated Balance Sheets                                                 |   |           |        |   |              |   |
| (Unaudited)                                                                           |   | March 31, 2011 |        |   | December 31, 2010 |   |
| Assets                                                                                |   |           |        |   |              |   |
| Current Assets                                                                        |   |           |        |   |              |   |
| Cash and bank balances                                                                |   | $              | 2,059,146   |   |              | $      | 2,030,707 |   |
| Accounts receivable, net of allowance for doubtful accounts $278,151 (2010 -$253,714) |   |           | 3,961,457   |   |              |   | 3,039,739 |   |
| Income tax recoverable                                                                |   |           | 247,422     |   |              |   | 180,000 |   |
| Inventory, net                                                                        |   |           | 684,915     |   |              |   | 692,881 |   |
| Prepaid expenses                                                                      |   |           | 463,462     |   |              |   | 372,507 |   |
| Total current assets                                                                  |   |           | 7,416,402   |   |              |   | 6,315,834 |   |
| Property and equipment, net of depreciation and amortization                          |   |           | 3,881,613   |   |              |   | 4,407,739 |   |
| Deposits                                                                              |   |           | 213,210     |   |              |   | 228,434 |   |
| Deferred financing costs, net                                                         |   |           | 190,867     |   |              |   | 225,107 |   |
| Intangible assets, net                                                                |   |           | 49,763      |   |              |   | 56,316 |   |
| Deferred income taxes                                                                 |   |           | 37,788      |   |              |   | 37,430 |   |
|                                                                                  |   | $              | 11,789,643  |   |              | $      | 11,270,860 |   |
| Liabilities and Stockholders’ (Deficiency)                                      |   |           |        |   |              |   |   |   |
| Current Liabilities                                                                   |   |           |        |   |              |   |   |   |
| Bank indebtedness                                                                     |   | $              | 1,720,370   |   |              | $      | 650,744 |   |
| Accounts payable and accrued liabilities                                              |   |           | 4,159,077   |   |              |   | 3,990,875 |   |
| Current portion of obligation under capital leases                                    |   |           | 1,609,341   |   |              |   | 1,487,460 |   |
| Deferred income                                                                       |   |           | 74,152      |   |              |   | 110,485 |   |
| Deferred income taxes                                                                 |   |           | 25,858      |   |              |   | 25,858 |   |
| Current portion of term notes                                                         |   |           | 14,026,128  |   |              |   | 14,051,128 |   |
| Total current liabilities                                                             |   |           | 21,614,926  |   |              |   | 20,316,550 |   |
| Term notes                                                                            |   |           | 1,758,718   |   |              |   | 1,702,218 |   |
| Notes payable to related parties                                                      |   |           | 1,500,000   |   |              |   | 1,500,000 |   |
| Obligation under capital lease, net of current portion                                |   |           | 1,350,002   |   |              |   | 1,899,524 |   |
| Due to related parties                                                                |   |           | 238,010     |   |              |   | 230,870 |   |
|                                                                                  |   |           | 26,461,656  |   |              |   | 25,649,162 |   |
| Stockholders' (deficiency)                                                            |   |           |        |   |              |   |   |   |
| Share capital                                                                         |   |           |        |   |              |   |   |   |
| Preferred stock no par value, 50,000,000 shares authorized,none issued or outstanding |   |           |        |   |              |
| Common stock, no par value; 100,000,000 shares authorized                             |   |           |        |   |              |
| Common stock                                                                          |   |           | 6,555,754   |   |              |   | 6,555,754 |   |
| Additional paid-in capital                                                            |   |           | 14,326,668  |   |              |   | 14,314,354 |   |
| Accumulated (deficit)                                                                 |   |           | (33,569,111 | )      |              |   | (33,638,922 | ) |
| Accumulated other comprehensive (losses)                                              |   |           | (1,985,324  | )      |              |   | (1,609,488 | ) |
|                                                                                  |   |           | (14,672,013 | )      |              |   | (14,378,302 | ) |
|                                                                                  |   | $              | 11,789,643  |   |              | $      | 11,270,860 |   |

----

| Creative Vistas, Inc.                                                   |   |
|-------------------------------------------------------------------------|--------|
| Condensed Consolidated Statement of Operations and Comprehensive (Loss) |   |
| (Unaudited)                                                             |   |   |   |   |   |   |
|                                                                    |   | Three months ended |   |
|                                                                    |   | March 31 |   |
|                                                                    |   | 2011 |   |   | 2010 |   |
| Contract and service revenue                                            |   |   |   |   |   |   |
| Contract                                                                |   | $ | 1,889,566 |   |   | $ | 1,114,727 |   |
| Service                                                                 |   |   | 7,130,316 |   |   |   | 8,121,779 |   |
| Others                                                                  |   |   | 555 |   |   |   | 1,108 |   |
|                                                                    |   |   | 9,020,437 |   |   |   | 9,237,614 |   |
| Direct Expenses (excluding depreciation and amortization)               |   |   |   |   |   |   |   |   |
| Contract                                                                |   |   | 1,061,731 |   |   |   | 554,271 |   |
| Service                                                                 |   |   | 5,610,262 |   |   |   | 6,348,721 |   |
| Project Expenses                                                        |   |   | 292,624 |   |   |   | 229,799 |   |
| Selling Expenses                                                        |   |   | 227,771 |   |   |   | 268,125 |   |
| General and administrative expenses                                     |   |   | 1,001,756 |   |   |   | 1,223,638 |   |
| Depreciation expense                                                    |   |   | 478,292 |   |   |   | 598,866 |   |
| Amortization of intangible assets                                       |   |   | 8,127 |   |   |   | 57,736 |   |
|                                                                    |   |   | 8,680,563 |   |   |   | 9,281,156 |   |
| Income (loss) from operations                                           |   |   | 339,874 |   |   |   | (43,542 | ) |
| Interest expenses and other expenses (income)                           |   |   |   |   |   |   |   |   |
| Net financing expenses                                                  |   |   | 511,691 |   |   |   | 594,368 |   |
| Amortization of deferred charges                                        |   |   | 40,370 |   |   |   | 42,932 |   |
| Foreign currency translation (gain)                                     |   |   | (281,998 | ) |   |   | (261,275 | ) |
|                                                                    |   |   | 270,063 |   |   |   | 376,025 |   |
| Income (loss) before income taxes                                       |   |   | 69,811 |   |   |   | (419,567 | ) |
| Income taxes                                                            |   |   | - |   |   |   | - |   |
| Net income (loss)                                                       |   |   | 69,811 |   |   |   | (419,567 | ) |
| Other comprehensive gain (loss):                                        |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment                                 |   |   | (375,836 | ) |   |   | (347,545 | ) |
| Comprehensive loss                                                      |   | $ | (306,025 | ) |   | $ | (767,112 | ) |
| Basic weighted-average shares                                           |   |   | 37,488,714 |   |   |   | 37,488,714 |   |
| Diluted weighted-average shares                                         |   |   | 42,445,175 |   |   |   | 37,488,714 |   |
| Basic earnings (loss) per share                                         |   | $ | 0.00 |   |   | $ | (0.01 | ) |
| Diluted earnings (loss) per share                                       |   | $ | 0.00 |   |   | $ | (0.01 | ) |

----

| Creative Vistas, Inc.                               |   |                         |      |   |   |   |
|-----------------------------------------------------|--------|------------------------------|-----------|--------|--------|--------|
| Condensed Consolidated Statements of Cash Flows     |   |                         |      |   |   |   |
| (Unaduited)                                         |   |                         |      |   |   |   |
|                                                |   | Three months ended March 31, |      |
|                                                |   | 2011                         |      |   | 2010   |   |
|                                                |   |                         |      |   |   |   |
| Operating activities                                |   |                         |      |   |   |   |
| Net cash (used in) operating activities             |   | $                            | (496,789  | )      |   | $      | (217,930 | ) |
| Investing activities                                |   |                         |      |   |   |   |   |   |
| Proceeds from sales of property and equipment       |   |                         | 15,100    |   |   |   | 2,876 |   |
| Purchase of property and equipment                  |   |                         | (7,924    | )      |   |   | (10,483 | ) |
| Net cash provided by (used in) investing activities |   |                         | 7,176     |   |   |   | (7,607 | ) |
| Financing activities                                |   |                         |      |   |   |   |   |   |
| Proceeds from (repayment of) bank indebtedness      |   |                         | 1,028,298 |   |   |   | 399,391 |   |
| Repayment of capital leases                         |   |                         | (359,577  | )      |   |   | (381,318 | ) |
| Repayment of term notes                             |   |                         | (25,000   | )      |   |   | (25,000 | ) |
| Net cash provided by (used in) financing activities |   |                         | 643,721   |   |   |   | (6,927 | ) |
| Effect of foreign exchange rate changes in cash     |   |                         | (125,669  | )      |   |   | (95,930 | ) |
| Net change in cash and cash equivalents             |   |                         | 28,439    |   |   |   | (328,394 | ) |
| Cash and cash equivalents, beginning of period      |   |                         | 2,030,707 |   |   |   | 2,441,204 |   |
| Cash and cash equivalents, end of period            |   | $                            | 2,059,146 |   |   | $      | 2,112,810 |   |

----

| 1.  | Summary of Accounting Policies |
|----------|--------------------------------|

----

| 2.  | Deferred Financing Costs, Net |
|----------|-------------------------------|

| Cost                     |   | $      | 1,214,997  |   |
|--------------------------|--------|--------|------------|--------|
| Accumulated amortization |   |   | (1,024,130 | )      |
|                     |   | $      | 190,867    |   |

| Year                                                                                                                                                                                                 |   | Amount |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|
| 2011                                 |   | $      | 117,603 |   |
| 2012                                 |   |   | 48,911  |   |
| 2013                                 |   |   | 24,353  |   |
|                                                                                                                                                                                                 |   | $      | 190,867 |   |

| 3. | Intangible Assets |
|----|-------------------|

|                   |   | Cost |      |   | Accumulated amortization |   |      | Net book value |   |
|------------------------|--------|------|-----------|--------|--------------------------|--------|-----------|----------------|--------|
| Customer relationships |   | $    | 1,402,062 |   |                     | $      | 1,352,299 |           |   | $ | 49,763 |   |

| 4.  | Bank Indebtedness and Letter of Credit |
|----------|----------------------------------------|

----

| 5. | Term Notes |
|----|------------|

----

|                                                                                         |   |           |       |   |           |   |
|----------------------------------------------------------------------------------------------|--------|----------------|------------|--------|----------------|--------|
|                                                                                         |   | March 31, 2011 |       |   | March 31, 2010 |   |
| Cancable Note interest at prime plus 1.75% (minimum of  7%), due December 31, 2011 |   | $              | 5,148,754  |   |           | $      | 5,148,754 |   |
| Company Note interest at prime plus 2% (minimum of  7%), due June 30, 2011         |   |           | 7,287,500  |   |           |   | 7,287,500 |   |
| Iview Note interest at prime plus 2% (minimum of 7%), due on June 30, 2011                   |   |           | 1,589,874  |   |           |   | 1,689,873 |   |
| Company Second Notes. interest at 12%, due on June 24, 2013                                  |   |           | 2,500,000  |   |           |   | 2,500,000 |   |
| Less: unamortized discount                                                                   |   |           | (741,282   | )      |           |   | (946,275 | ) |
|                                                                                         |   |           | 15,784,846 |   |           |   | 15,679,852 |   |
| Less: current portion                                                                        |   |           | 14,026,128 |   |           |   | 8,977,373 |   |
|                                                                                         |   | $              | 1,758,178  |   |           | $      | 6,702,479 |   |

|   |   | Amount |       |
|--------|--------|--------|------------|
| 2011   |   | $      | 14,026,128 |   |
| 2012   |   |   | -          |   |
| 2013   |   |   | 1,758,718  |   |
|   |   | $      | 15,784,846 |   |

| 6.  | Net Financing Expenses |
|----------|------------------------|

|                                                  |   | Three months ended March 31, |    |
|-------------------------------------------------------|--------|------------------------------|---------|
|                                                  |   | 2011                         |    |   | 2010 |   |
| Capital leases                                        |   | $                            | 100,215 |   |   | $ | 160,767 |   |
| Interest on credit facility and term notes            |   |                         | 388,315 |   |   |   | 376,739 |   |
| Interest on deferred principal repayment of term note |   |                         | 9,600   |   |   |   | 43,701 |   |
| Related parties                                       |   |                         | 13,561  |   |   |   | 13,161 |   |
|                                                  |   | $                            | 511,691 |   |   | $ | 594,368 |   |

| 7. | Note Payable to Related Parties |
|----|---------------------------------|

----

| 8. | Shareholders’ (Deficit) |
|----|-------------------------------|

| a. | Option Price.  The price at which each share of common stock covered by an option granted under the Plan may not be less than the market value per share of the common stock on the date of grant of the option.  The date of the grant of an option shall be the date specified by the Committee in its grant of the option, which date will normally be the date the Committee determines to make such grant. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | Option Period.  The period for exercise of an option shall in no event be more than five years from the date of grant.  Options may, in the discretion of the Committee, be made exercisable in installments during the option period. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c. | Exercise of Options.  For the purpose of assisting an Optionee to exercise an option, the Company may make loans to the Optionee or guarantee loans made by third parties to the Optionee, on such terms and conditions as the Board of Directors may authorize. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d. | Lock-Up Period.  Without the consent of the Company, an Optionee may not sell more than fifty percent of the shares issued under the Plan for a period of two years from the date that the Optionee exercises the option. The Committee may also impose other terms and conditions, not inconsistent with the terms of the Plan, on the grant or exercise of options, as it deems advisable. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                             |   |   Shares |      |   | Weighted-AverageExercisePrice |   |   | Weighted-AverageRemaining ContractualTerm |   |   | IntrinsicValue |   |
|----------------------------------|--------|--------------------|-----------|--------|-------------------------------|--------|--------|-------------------------------------------|--------|--------|----------------|--------|
| Outstanding at December 31, 2009 |   |               | 2,005,000 |   |                          | $      | 0.65   |                                      |   |   | 4.75           |   |   |   | - |   |
| Granted                          |   |               | -         |   |                          |   | -      |                                      |   |   | -              |   |   |   | - |   |
| Exercised                        |   |               | -         |   |                          |   | -      |                                      |   |   | -              |   |   |   | - |   |
| Forfeited or expired             |   |               | (405,000  | )      |                          | $      | 0.63   |                                      |   |   | 0.96           |   |   |   | - |   |
| Outstanding at December 31, 2010 |   |               | 1,600,000 |   |                          | $      | 0.65   |                                      |   |   | 1.04           |   |   |   | - |   |
| Granted                          |   |               | -         |   |                          |   | -      |                                      |   |   | -              |   |   |   | - |   |
| Exercised                        |   |               | -         |   |                          |   | -      |                                      |   |   | -              |   |   |   | - |   |
| Forfeited or expired             |   |               | (25,000   | )      |                          | $      | 0.63   |                                      |   |   | 0.25           |   |   |   | - |   |
| Outstanding at March 31, 2011    |   |               | 1,575,000 |   |                          | $      | 0.65   |                                      |   |   | 0.81           |   |   |   | - |   |
|                             |   |               |      |   |                          |   |   |                                      |   |   |           |   |   |   |   |   |
| Exercisable at March 31, 2011    |   |               | 1,385,000 |   |                          | $      | 0.65   |                                      |   |   | 0.45           |   |   |   | - |   |

| Exercise Price |   |   | Weighted Average Number Outstanding |   |      | Weighted Average Contractual Lives |   |   | Weighted AverageExercise Prices |   |   | NumberExercisable |   |   | ExercisePrices |   |
|----------------|--------|--------|------------------------------------------|--------|-----------|------------------------------------|--------|--------|---------------------------------|--------|--------|-------------------|--------|--------|----------------|--------|
| $              | 0.63   |   |                                     |   | 1,465,000 |                               |   |   | 0.79                            |   |   | $                 | 0.63   |   |           |   | 1,280,000 |   |   | $ | 0.63 |   |
| $              | 0.90   |   |                                     |   | 100,000   |                               |   |   | 0.92                            |   |   | $                 | 0.90   |   |           |   | 100,000 |   |   | $ | 0.90 |   |
| $              | 1.12   |   |                                     |   | 10,000    |                               |   |   | 2.23                            |   |   | $                 | 1.12   |   |           |   | 5,000 |   |   | $ | 1.12 |   |
|           |   |   |                                     |   | 1,575,000 |                               |   |   |                            |   |   |              |   |   |           |   | 1,385,000 |   |   |   |   |   |

----

|                          |   |   Number of Options |    |   | Weighted-AverageGrant Date Fair Values |   |
|-------------------------------|--------|-------------------------------|---------|--------|----------------------------------------|--------|
| Non-vested at January 1, 2011 |   |                          | 217,500 |   |                                   | $      | 0.17 |   |
| Granted                       |   |                          | -       |   |                                   |   | - |   |
| Vested                        |   |                          | (27,500 | )      |                                   | $      | 0.23 |   |
| Canceled                      |   |                          | -       |   |                                   |   | - |   |
| Non-vested at March 31, 2011  |   |                          | 190,000 |   |                                   | $      | 0.14 |   |

|  Issue Date |   | Expiry Date |       |   | Number of warrants |   |      | Exercise Price Per share |   |   | Value-issue date |   | Issued for |
|------------------|--------|-------------|------------|--------|--------------------|--------|-----------|--------------------------|--------|--------|------------------|--------|------------|
| 09-30-2004       |   |        | 09-30-2016 |   |               |   | 2,250,000 |                     |   | $      | 1.15             |   |       | $ | 1,370,000 |   | Financing |
| 03-31-2005       |   |        | 03-31-2012 |   |               |   | 100,000   |                     |   | $      | 1.20             |   |       | $ | 60,291 |   | Financing |
| 04-30-2005       |   |        | 04-30-2017 |   |               |   | 100,000   |                     |   | $      | 1.01             |   |       | $ | 44,309 |   | Financing |
| 05-31-2005       |   |        | 05-31-2012 |   |               |   | 100,000   |                     |   | $      | 1.01             |   |       | $ | 56,614 |   | Financing |
| 06-22-2005       |   |        | 06-22-2017 |   |               |   | 313,000   |                     |   | $      | 1.00             |   |       | $ | 137,703 |   | Financing |
| 06-30-2005       |   |        | 06-30-2017 |   |               |   | 100,000   |                     |   | $      | 0.90             |   |       | $ | 50,431 |   | Financing |
| 07-31-2005       |   |        | 07-31-2012 |   |               |   | 100,000   |                     |   | $      | 1.05             |   |       | $ | 56,244 |   | Financing |
| 08-31-2005       |   |        | 08-31-2012 |   |               |   | 100,000   |                     |   | $      | 1.05             |   |       | $ | 22,979 |   | Financing |
| 09-30-2005       |   |        | 09-30-2012 |   |               |   | 100,000   |                     |   | $      | 0.80             |   |       | $ | 36,599 |   | Financing |
| 10-31-2005       |   |        | 10-31-2012 |   |               |   | 100,000   |                     |   | $      | 0.80             |   |       | $ | 27,367 |   | Financing |
| 11-30-2005       |   |        | 11-30-2012 |   |               |   | 100,000   |                     |   | $      | 0.80             |   |       | $ | 16,392 |   | Financing |
| 12-31-2005       |   |        | 12-31-2012 |   |               |   | 100,000   |                     |   | $      | 0.80             |   |       | $ | 10,270 |   | Financing |
| 02-13-2006       |   |        | 02-13-2016 |   |               |   | 1,927,096 |                     |   | $      | 0.01             |   |       | $ | 1,529,502 |   | Financing |
| 03-01-2007       |   |        | 03-01-2016 |   |               |   | 108,000   |                     |   | $      | 0.90             |   |       | $ | 39,519 |   | Financing |
| 04-01-2007       |   |        | 04-01-2016 |   |               |   | 108,000   |                     |   | $      | 1.15             |   |       | $ | 50,529 |   | Financing |
| 05-01-2007       |   |        | 05-01-2011 |   |               |   | 108,000   |                     |   | $      | 1.25             |   |       | $ | 54,941 |   | Financing |
| 06-01-2007       |   |        | 06-01-2011 |   |               |   | 108,000   |                     |   | $      | 2.28             |   |       | $ | 101,470 |   | Financing |
| 07-01-2007       |   |        | 07-01-2011 |   |               |   | 108,000   |                     |   | $      | 2.10             |   |       | $ | 93,307 |   | Financing |
| 08-01-2007       |   |        | 08-01-2011 |   |               |   | 108,000   |                     |   | $      | 2.55             |   |       | $ | 112,117 |   | Financing |
| 09-01-2007       |   |        | 09-01-2011 |   |               |   | 108,000   |                     |   | $      | 2.73             |   |       | $ | 118,647 |   | Financing |
| 10-01-2007       |   |        | 10-01-2011 |   |               |   | 108,000   |                     |   | $      | 2.43             |   |       | $ | 105,362 |   | Financing |
| 11-01-2007       |   |        | 11-01-2011 |   |               |   | 108,000   |                     |   | $      | 2.60             |   |       | $ | 111,868 |   | Financing |

----

| 12-01-2007 |   |   | 12-01-2011 |   |   |   | 108,000    |   |   | $      | 2.55   |   |   | $      | 107,284   |   | Financing   |
|------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|--------|--------|--------|--------|--------|-----------|--------|-------------|
| 01-01-2008 |   |   | 01-01-2012 |   |   |   | 108,000    |   |   | $      | 2.84   |   |   | $      | 108,331   |   | Financing   |
| 01-22-2008 |   |   | 01-22-2058 |   |   |   | 812,988    |   |   | $      | 0.01   |   |   | $      | 1,470,687 |   | Acquisition |
| 01-22-2008 |   |   | 01-22-2058 |   |   |   | 1,738,365  |   |   | $      | 0.01   |   |   | $      | 3,144,685 |   | Financing   |
| 01-30-2008 |   |   | 01-30-2058 |   |   |   | 506,250    |   |   | $      | 0.01   |   |   | $      | 1,001,909 |   | Financing   |
| 01-30-2008 |   |   | 01-30-2058 |   |   |   | 292,500    |   |   | $      | 0.01   |   |   | $      | 578,880   |   | Financing   |
| 02-01-2008 |   |   | 02-01-2012 |   |   |   | 108,000    |   |   | $      | 2.09   |   |   | $      | 85,612    |   | Financing   |
| 03-01-2008 |   |   | 03-01-2012 |   |   |   | 108,000    |   |   | $      | 2.04   |   |   | $      | 80,253    |   | Financing   |
| 04-01-2008 |   |   | 04-01-2012 |   |   |   | 108,000    |   |   | $      | 1.09   |   |   | $      | 162,748   |   | Financing   |
| 05-01-2008 |   |   | 05-01-2012 |   |   |   | 108,000    |   |   | $      | 1.19   |   |   | $      | 103,180   |   | Financing   |
| 06-01-2008 |   |   | 06-01-2012 |   |   |   | 108,000    |   |   | $      | 1.02   |   |   | $      | 88,114    |   | Financing   |
| 06-23-2008 |   |   | 06-23-2018 |   |   |   | 627,451    |   |   | $      | 0.01   |   |   | $      | 560,736   |   | Financing   |
| 06-23-2008 |   |   | 06-23-2018 |   |   |   | 1,333,333  |   |   | $      | 0.01   |   |   | $      | 1,211,168 |   | Financing   |
| 02-01-2009 |   |   | 02-01-2013 |   |   |   | 108,000    |   |   | $      | 0.25   |   |   | $      | 22,728    |   | Financing   |
| 03-01-2009 |   |   | 03-01-2013 |   |   |   | 108,000    |   |   | $      | 0.19   |   |   | $      | 17,277    |   | Financing   |
| 04-01-2009 |   |   | 04-01-2013 |   |   |   | 108,000    |   |   | $      | 0.18   |   |   | $      | 15,868    |   | Financing   |
| 05-01-2009 |   |   | 05-01-2013 |   |   |   | 108,000    |   |   | $      | 0.16   |   |   | $      | 14,557    |   | Financing   |
| 06-01-2009 |   |   | 06-01-2013 |   |   |   | 108,000    |   |   | $      | 0.27   |   |   | $      | 24,105    |   | Financing   |
| 07-01-2009 |   |   | 07-01-2013 |   |   |   | 108,000    |   |   | $      | 0.27   |   |   | $      | 24,105    |   | Financing   |
| 08-01-2009 |   |   | 08-01-2013 |   |   |   | 108,000    |   |   | $      | 0.25   |   |   | $      | 22,786    |   | Financing   |
| 09-01-2009 |   |   | 09-01-2013 |   |   |   | 108,000    |   |   | $      | 0.16   |   |   | $      | 14,567    |   | Financing   |
| 10-01-2009 |   |   | 10-01-2013 |   |   |   | 108,000    |   |   | $      | 0.12   |   |   | $      | 10,921    |   | Financing   |
| 11-01-2009 |   |   | 11-01-2013 |   |   |   | 108,000    |   |   | $      | 0.15   |   |   | $      | 13,656    |   | Financing   |
| 12-01-2009 |   |   | 12-01-2013 |   |   |   | 108,000    |   |   | $      | 0.08   |   |   | $      | 7,275     |   | Financing   |
| 01-01-2010 |   |   | 01-01-2014 |   |   |   | 108,000    |   |   | $      | 0.08   |   |   | $      | 7,292     |   | Financing   |
| 02-01-2010 |   |   | 02-01-2014 |   |   |   | 108,000    |   |   | $      | 0.12   |   |   | $      | 10,925    |   | Financing   |
| 03-01-2010 |   |   | 03-01-2014 |   |   |   | 108,000    |   |   | $      | 0.08   |   |   | $      | 25,484    |   | Financing   |
| 04-01-2010 |   |   | 04-01-2014 |   |   |   | 108,000    |   |   | $      | 0.09   |   |   | $      | 8,461     |   | Financing   |
| 05-01-2010 |   |   | 05-01-2014 |   |   |   | 108,000    |   |   | $      | 0.07   |   |   | $      | 8,457     |   | Financing   |
| 06-01-2010 |   |   | 06-01-2014 |   |   |   | 108,000    |   |   | $      | 0.07   |   |   | $      | 6,572     |   | Financing   |
| 07-01-2010 |   |   | 07-01-2014 |   |   |   | 108,000    |   |   | $      | 0.07   |   |   | $      | 6,566     |   | Financing   |
| 08-01-2010 |   |   | 08-01-2014 |   |   |   | 108,000    |   |   | $      | 0.07   |   |   | $      | 6,562     |   | Financing   |
| 09-01-2010 |   |   | 09-01-2014 |   |   |   | 108,000    |   |   | $      | 0.05   |   |   | $      | 4,615     |   | Financing   |
| 10-01-2010 |   |   | 10-01-2014 |   |   |   | 108,000    |   |   | $      | 0.05   |   |   | $      | 4,613     |   | Financing   |
| 11-01-2010 |   |   | 11-01-2014 |   |   |   | 108,000    |   |   | $      | 0.04   |   |   | $      | 1,844     |   | Financing   |
| 12-01-2010 |   |   | 12-01-2014 |   |   |   | 108,000    |   |   | $      | 0.04   |   |   | $      | 3,200     |   | Financing   |
| 12-31-2010 |   |   | 12-31-2014 |   |   |   | 200,000    |   |   | $      | 0.03   |   |   | $      | 5,051     |   | Consulting  |
| 01-01-2011 |   |   | 01-01-2015 |   |   |   | 108,000    |   |   | $      | 0.03   |   |   | $      | 3,200     |   | Financing   |
| 02-01-2011 |   |   | 02-01-2015 |   |   |   | 108,000    |   |   | $      | 0.03   |   |   | $      | 3,200     |   | Financing   |
| 03-01-2011 |   |   | 03-01-2015 |   |   |   | 108,000    |   |   | $      | 0.03   |   |   | $      | 3,200     |   | Financing   |
|       |   |   |       |   |   |   | 15,536,983 |   |   |   |   |   |   |   |      |   |        |

----

| 9. | Major Customers |
|----|-----------------|

| 10. | Segment Information |
|-----|---------------------|

----

|                           |   | March 31, 2011 |       |   | March 31, 2010 |   |
|--------------------------------|--------|----------------|------------|--------|----------------|--------|
| Sales:                         |   |           |       |   |           |   |
| Cancable                       |   | $              | 6,744,147  |   |           | $      | 7,677,067 |   |
| AC Technical                   |   |           | 2,238,200  |   |           |   | 1,547,273 |   |
| Iview                          |   |           | 37,535     |   |           |   | 12,568 |   |
| Creative Vistas, Inc.          |   |           | 555        |   |           |   | 706 |   |
| Consolidated Total             |   | $              | 9,020,437  |   |           | $      | 9,237,614 |   |
| Depreciation and amortization: |   |           |       |   |           |   |   |   |
| Cancable                       |   | $              | 457,155    |   |           | $      | 578,411 |   |
| AC Technical                   |   |           | 10,577     |   |           |   | 10,402 |   |
| Iview                          |   |           | 10,560     |   |           |   | 10,053 |   |
| Consolidated Total             |   | $              | 478,292    |   |           | $      | 598,866 |   |
| INTEREST EXPENSES:             |   |           |       |   |           |   |   |   |
| Cancable                       |   | $              | 333,174    |   |           | $      | 390,289 |   |
| Iview                          |   |           | 27,825     |   |           |   | 19,687 |   |
| AC Acquisition                 |   |           | 13,561     |   |           |   | 13,161 |   |
| Creative Vistas, Inc.          |   |           | 137,131    |   |           |   | 171,231 |   |
| Consolidated Total             |   | $              | 511,691    |   |           | $      | 594,368 |   |
| Net Income (Loss):             |   |           |       |   |           |   |   |   |
| Cancable                       |   | $              | 78,914     |   |           | $      | (304,522 | ) |
| AC Technical                   |   |           | (334       | )      |           |   | 31,602 |   |
| Iview                          |   |           | 35,881     |   |           |   | 9,102 |   |
| AC Acquisition                 |   |           | (13,561    | )      |           |   | (13,161 | ) |
| Corporate (1)                  |   |           | (31,089    | )      |           |   | (142,588 | ) |
| Consolidated Total             |   | $              | 69,811     |   |           | $      | (419,567 | ) |
| TOTAL ASSETS                   |   |           |       |   |           |   |   |   |
| Cancable                       |   | $              | 6,725,780  |   |           | $      | 9,629,561 |   |
| AC Technical                   |   |           | 3,633,806  |   |           |   | 2,982,176 |   |
| Iview                          |   |           | 623,892    |   |           |   | 825,514 |   |
| Creative Vistas, Inc.          |   |           | 806,165    |   |           |   | 1,575,736 |   |
| Consolidated Total             |   | $              | 11,789,643 |   |           | $      | 15,012,987 |   |
| PROPERTY AND EQUIPMENT         |   |           |       |   |           |   |   |   |
| Cancable                       |   | $              | 3,087,851  |   |           | $      | 5,341,725 |   |
| AC Technical                   |   |           | 781,904    |   |           |   | 779,072 |   |
| Iview                          |   |           | 11,858     |   |           |   | 52,627 |   |
| Consolidated Total             |   | $              | 3,881,613  |   |           | $      | 6,173,424 |   |
| CAPITAL EXPENDITURES           |   |           |       |   |           |   |   |   |
| Cancable                       |   | $              | 7,924      |   |           | $      | 10,483 |   |
| AC Technical                   |   |           | -          |   |           |   | - |   |
| Iview                          |   |           | -          |   |           |   | - |   |
| Consolidated Total             |   | $              | 7,924      |   |           | $      | 10,483 |   |

| (1) | Corporate expenses primarily include certain stock-based compensation for consulting and advisory services, which we do not internally allocate to our segments because they are related to our common stock and are non-cash in nature. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                              |   | March 31, 2011 |      |   | March 31, 2010 |   |
|-----------------------------------|--------|----------------|-----------|--------|----------------|--------|
| Contract                          |   | $              | 1,889,566 |   |           | $      | 1,114,727 |   |
| Service                           |   |           | 7,130,316 |   |           |   | 8,121,779 |   |
| Others                            |   |           | 555       |   |           |   | 1,108 |   |
| Total sales to external customers |   | $              | 9,020,437 |   |           | $      | 9,237,614 |   |

----

| Item 2. | Management's Discussion And Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------|

----

----

----

| Pronouncement   |   | Issued             |   | Title                                                                                                                                                               |
|-----------------|--------|--------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |   |               |   |                                                                                                                                                                |
| ASU No. 2010-01 |   | January  2010 |   | Equity (Topic 505):  Accounting for Distributions to Shareholders with Components of Stock and Cash – a consensus of the FASB Emerging Issues Task Force |
|            |   |               |   |                                                                                                                                                                |
| ASU No. 2010-02 |   | January  2010 |   | Consolidation (Topic 810):  Accounting and Reporting for Decreases in Ownership of a Subsidiary – a Scope Clarification                                  |
|            |   |               |   |                                                                                                                                                                |
| ASU No. 2012-03 |   | January 2010       |   | Extractive Activities – Oil and Gas (Topic 932): Oil and Gas Reserve Estimation and Disclosures                                                               |
|            |   |               |   |                                                                                                                                                                |
| ASU No. 2010-04 |   | January 2010       |   | Accounting for Various Topics: Technical Corrections to SEC Paragraphs                                                                                              |
|            |   |               |   |                                                                                                                                                                |
| ASU No. 2010-05 |   | January 2010       |   | Compensation  - Stock Compensation (Topic718): Escrowed Share Arrangements and the Presumption of Compensation                                                 |
|            |   |               |   |                                                                                                                                                                |
| ASU No. 2010-06 |   | January 2010       |   | Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements                                                            |

| ASU No. 2010-07 |   | January 2010     |   | Not-for-Profit Entities (Topic 958): Not-for-Profit Entities – Mergers and Acquisitions                                                                                                                                                                     |
|-----------------|--------|------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-08 |   | February 2010    |   | Technical Corrections to Various Topics                                                                                                                                                                                                                           |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-09 |   | February 2010    |   | Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements                                                                                                                                                                      |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-10 |   | February 2010    |   | Consolidation (Topic 810): Amendments for Certain Investment Funds                                                                                                                                                                                                |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-11 |   | March  2010 |   | Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives                                                                                                                                                                       |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-12 |   | April 2010       |   | Income Taxes (Topic 740): Accounting for Certain Tax Effects of the 2010 Health Care Reform Acts (SEC Update)                                                                                                                                                     |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-13 |   | April 2010       |   | Compensation—Stock Compensation (Topic 718): Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Trades—a consensus of the FASB Emerging Issues Task Force |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-14 |   | April 2010       |   | Accounting for Extractive Activities—Oil & Gas—Amendments to Paragraph 932-10-S99-1 (SEC Update)                                                                                                                                                  |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-15 |   | April 2010       |   | Financial Services—Insurance (Topic 944): How Investments Held through Separate Accounts Affect an Insurer’s Consolidation Analysis of Those Investments—a consensus of the FASB Emerging Issues Task Force                                     |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-16 |   | April 2010       |   | Entertainment—Casinos (Topic 924): Accruals for Casino Jackpot Liabilities—a consensus of the FASB Emerging Issues Task Force                                                                                                                         |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-17 |   | April 2010       |   | Revenue Recognition—Milestone Method (Topic 605): Milestone Method of Revenue Recognition—a consensus of the FASB Emerging Issues Task Force                                                                                                     |
|            |   |             |   |                                                                                                                                                                                                                                                              |
| ASU No. 2010-18 |   | April 2010       |   | Receivables (Topic 310): Effect of a Loan Modification When the Loan is Part of a Pool That is Accounted for as a Single Asset—a consensus of the FASB Emerging Issues Task Force                                                                           |

----

----

| Item 3. | Quantitative and Qualitative Disclosures about Market Risk |
|---------|------------------------------------------------------------|

| Item 4. | Controls and Procedures |
|---------|-------------------------|

| PART II. | OTHER INFORMATION |
|----------|-------------------|

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 1A.  | Risk Factors |
|----------------|--------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

| Item 3. | Defaults upon Senior Securities |
|---------|---------------------------------|

----

| Item 4. | [Removed and Reserved] |
|---------|------------------------|

| Item 5. | Other Information |
|---------|-------------------|

| 31.1   |   | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                             |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                           |
| 31.2   |   | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                             |
|   |   |                                                                                                                                           |
| 32.1   |   | Chief Executive Officer certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|   |   |                                                                                                                                           |
| 32.2   |   | Chief Financial Officer certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

| CREATIVE VISTAS, INC. |               |
|-----------------------|--------------------|
|                  |               |   |
|                  |               |   |
| By:         | /s/ Dominic Burns  |   |
|                  | Dominic Burns, CEO |   |

| By:   | /s/ Heung Hung Lee  |   |
|-----------------|---------------------|--------|
|            | Heung Hung Lee, CFO |   |

----