180 Connect Inc. Confirms Receipt of Unsolicited Acquisition Proposal from Creative Vistas, Inc.



    Stock Symbols: OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB

    TORONTO and ENGLEWOOD, CO, Feb. 20 /CNW/ - 180 Connect Inc. ("180
Connect" or the "Company") (OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB), today
confirmed that its Board of Directors has received an unsolicited proposal
from Creative Vistas, Inc. (OTCBB: CVAS.OB) to acquire all of the outstanding
capital stock of 180 Connect for $3.00 per share payable one-half in cash and
one-half in Creative Vistas, Inc. common stock.
    The Board of Directors of 180 Connect is evaluating the proposal. There
can be no assurance that this evaluation will lead to any transaction.

    About 180 Connect

    180 Connect Inc. is one of North America's largest providers of
installation, integration and fulfillment services to the home entertainment,
communications and home integration service industries. With more than 4,000
skilled technicians and 750 support personnel based in over 85 operating
locations, 180 Connect is well positioned as the only pure play national
residential service provider in the market.

    Forward-Looking Statements

    This news release contains forward-looking statements which reflect
management's expectations regarding the Company's future growth, results of
operations, performance and business prospects and opportunities. Statements
about the Company's future plans and intentions, results, levels of activity,
performance, goals or achievements or other future events constitute
forward-looking statements. Wherever possible, words such as "will be", "may",
"should", "could", "expect", "plan", "intend", "anticipate", "believe",
"estimate", "predict" or "potential" or the negative or other variations of
these words, or other similar words or phrases, have been used to identify
these forward-looking statements. These statements reflect management's
current beliefs and are based on information currently available to
management. Forward-looking statements involve significant risk, uncertainties
and assumptions. Many factors, including those discussed under the section
entitled "Risk Factors" of the Company's Quarterly Report on Form 10-Q, such
as risks regarding the Company's history of operating losses, reliance on one
key customer, ability to retain trained personnel, ability to manage growth
and acquisitions, dependence on key employees, ongoing litigation, insurance
expenses, industry competition, seasonal fluctuations of revenue and
liquidity, customer consolidation and other factors could cause actual
results, performance or achievements to differ materially from the results
discussed or implied in the forward-looking statements. These factors should
be considered carefully and prospective investors should not place undue
reliance on the forward-looking statements. Although the forward-looking
statements contained in this news release are based upon what management
believes to be reasonable assumptions, the Company cannot assure investors
that actual results will be consistent with these forward-looking statements.
These forward-looking statements are made as of the date of this news release
and the Company assumes no obligation to update or revise them to reflect new
events or circumstances, except as required by law.

    %SEDAR: 00025854E




For further information:

For further information: please contact the following or visit our
website at www.180connect.net; Claudia A. Di Maio, Director Investor
Relations, TEL: (866) 995-8888, DIRECT LINE: (416) 930-7710, EMAIL:
cdimaio@180connect.net; Devlin Lander, Integrated Corporate Relations, TEL.:
(415) 292-6855

Organization Profile

180 CONNECT INC.

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