(Source: MARKETWIRE)Blue Vista Technologies Inc. (NEX BOARD: BV.H) (the "Company" or "Blue Vista") Blue Vista is pleased to announce that the Company has entered into a Letter of Intent (LOI) dated October 27, 2009 with SKA International Inc. ("SKA"), whereby Blue Vista would, subject to a number of conditions, acquire all of the issued and outstanding securities of SKA. SKA is Canadian company which has signed a Joint Venture Agreement (JV) with China Shandong LuKe Group Company (Shandong LuKe), a call centre and Value Added Services (VAS) provider servicing the Chinese market based in Jinan City, Shandong Province, PRC. The LOI will allow Blue Vista the opportunity to perform due diligence on the SKA joint venture with objective of preparing a Formal Agreement. Should the Formal Agreement be consummated the ensuing transaction would result in a change of business ("COB") or reverse takeover ("RTO") and the Company's reactivation and graduation from the NEX to the TSX Venture Exchange.

The Joint Venture company formed by SKA and Shandong LuKe is: Shandong Mei Long Sci-Tech Co. Ltd. By the terms of the JV agreement, SKA International will be a 49 per cent partner and Shandong Luke Group will own the remaining 51 percent of the newly formed JV. SKA is to provide financing for the new JV and Shandong LuKe will provide its operating assets. Shandong LuKe will transfer all of its revenue generating assets to the new JV.

Shandong Luke is a telecommunications service company that has been in operation since 1992 and has approximately 2,000 employees. It operates in-coming and out-going call centres in the cities of Jinan and Tai'an. The company is a well established and profitable call centre and value added service provider to the major telecom companies in China including China Mobile and China Telecom, the largest telecom provider in the world. Shandong LuKe's business relationship with China Telecom makes Shandong LuKe a dominate player in the industry.

More information on the JV will become available as the company proceeds with its due diligence review. The company also intends to raise funds through a private placement in connection with its review of SKA, terms to be determined.

Completion of the transactions is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transactions cannot close until the required shareholder approval is obtained.