CHATSWORTH, Calif., Feb. 16, 2016 (GLOBE NEWSWIRE) -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCQB:PVHO) announced today, that it has successfully installed another 250 3D Saving Center Kiosks. These installations represent the next phase of an agreement with a key retail partner, one of the largest retail drugstore chains in the United States. With a total of 450 installed kiosks, Provision has expanded its presence in New York and Los Angeles and has opened new markets in Philadelphia, Detroit, and San Francisco.
“Provision is hitting its stride with the pace of installations,” said Provision President and CEO Curt Thornton. “Given our current shipment and installation schedule we feel confident that our installed base should reach 1,000 units by April. That represents approximately 25% of our partner’s retail network.”
Provision’s network of retail kiosks are designed to provide motivating and eye-catching, 3D point-of-purchase advertising for major brands. The ads are supported by loyalty card information and exclusive in-store promotions, proven to drive sales. Currently, the kiosks are featuring ads for store brand products. Going forward, the kiosks are expected to provide unique on-site advertising and promotion for a variety of major brands.
Thornton said the company is meeting with several leading consumer products companies. “We feel that Provision is positioned to show substantial growth through 2016 as we strengthen our relationships with leading advertising agencies and consumer products companies.”
Thornton noted, “We have made a commitment to issue regular announcements about our media and distribution milestones. We will continue to honor this commitment within the guidelines set by our retail and advertising partners.”
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTCQB:PVHO), 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 represent a revolutionary technology that provides 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 companies.
Provision Holding, Inc. (OTCQB:PVHO) trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.
Forward-Looking Statements
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements unless legally required.
For more information, visit www.provision.tv.