CHATSWORTH, CA--(Marketwired - October 15, 2015) - Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTC PINK: PVHO) announced today, that more than 100 3D Savings Center Kiosks have been successfully installed. These first installations represent the beginning of a full market rollout in the two biggest markets located in New York City and Los Angeles, inside one of the largest retail drugstore chains in the United States. Provision's 3D Savings Center Kiosks generate eye-popping, three dimensional, holographic videos and will include exclusive loyalty card information and promotions. Currently, the kiosks are featuring ads for store brand products.
These kiosks are integrated with the retailer's customer loyalty program. This allows the retailer's customers to access their account details and load digital coupons to their cards for instant savings at kiosks while in these select stores.
The 3D Savings Center kiosk contains Provision's patented and award-winning 3D holographic display, which has been proven to generate a great deal of attention from retail customers. Each unit also has a 2D interactive touch screen that provides consumers access to loyalty card information as well as promotions, rewards, and coupons. Brand marketers will be able to showcase their products via 3D advertising and engage viewers via the interactive touch screen interface.
The kiosks are also able to print coupon offers, allowing the retailer and other advertisers to offer customers highly effective sales influencers at the point of purchase. The 3D holographic display projects videos in front of the screen without the need for any special glasses and without any uncomfortable eye stress.
"We have recently made significant strides in our business, and for that, we want to thank both our financial partner; as well as our customer, for the operational and logistical support we continue to receive. These 100 initial installations, while a significant milestone for our Company, they represent less than three percent penetration within our customers' nationwide footprint and, as such, we are aggressively moving forward, in concert with the customer, on the next round of installations, continuing to show our capability to execute in working towards our goal of a full scale roll-out," commented Curt Thornton, President & CEO of Provision. "As we transition fully into the commercialization phase of our growth, we felt it was important to share this initial milestone with investors. Going forward, we intend to work diligently at keeping investors abreast of all material developments and on increasing our investor outreach efforts. Given the pace at which we are now moving, we anticipate having several additional announcements in the near future."
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTC PINK: 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.
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.
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