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Provision Holding Retains OTC Financial Network
Aug 19, 2008 (08:08 AM EDT)
CHATSWORTH, Calif., Aug. 19 /PRNewswire/ -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. , announced today that it has retained OTC Financial Network (OTCFN), a division of National Financial Communications Corp. (NFC), to direct a comprehensive investor relations campaign.
To-date, Provision has shipped more than 400 patented HoloVision(TM) systems around the world. Provision also recently signed a $7 million purchase agreement with Studio One Media to deliver up to 1,000 units to shopping malls over the next 18 months. It has also begun installing its patent-pending 3DEO Media Centers in 127 grocery stores in the Pacific Northwest. If fully realized, these and other international distribution agreements, will deliver more than $5 million in multiple, recurring revenue streams beginning in 2009.
"Over the last several months, we've built momentum in a variety of different industries and markets. Now we are excited to deploy a full-scale investor awareness program," said Curt Thornton, President and CEO of Provision. "OTCFN will focus on effectively communicating our latest success stories to the financial community. With a nationwide targeted network of retail and institutional leaders and market makers, OTCFN offers the knowledge and expertise to attract new investors to our company, while we continue to focus on creating long-term shareholder value."
"With the advent of DVRs and on-demand video content, TV advertising is losing its market share to the more dynamic digital signage market. The latter is currently valued at $1.2 billion in annual sales and is growing at an astounding 10% per month," said Geoffrey Eiten, President of NFC. "Provision's attention-grabbing displays are ideal for in-store digital advertising and consumer interaction, including printing customized coupons. By combining sales in retail locations with recurring advertising revenue on its displays, Provision has created a winning strategy to achieve exponential top and bottom-line growth."
In 2007, Provision was named one of three finalists for PricewaterhouseCoopers Fourth Annual Entrepreneurship Award, and ultimately received second place in the competition.
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. http://www.provision.tv , is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications. Provision's 3D holographic display systems are based on revolutionary, patented and patent-pending technologies that provide the projection of full-color, high-resolution videos into space, detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused Fortune 1000 companies. For more information, please visit Provision at .
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; the ability to develop customers and market expertise; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. We disclaim and do not undertake any obligation to update or revise any forward-looking statements.
CONTACT: investor relations, Jamie Dryer of Flagler Communications, An firstname.lastname@example.org of OTC Financial Network, +1-561-837-8057, ext. 2,; or media, Wendi Tush, +1-212-300-2142,, or Lindsey Gardner, +1-212-300-2132,, both of The Lexicomm Group, for ProvisionInteractive Technologies, Inc.
Web site: http://www.provision.tv/