Provision Completes Installations of 200 Additional Units
200 new 3D Savings Center Kiosks expands Provision’s retail footprint to Boston, Atlanta and Washington, DC and increases presence in existing markets
CHATSWORTH, Calif., Dec. 06, 2016 (GLOBE NEWSWIRE) -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCQB:PVHO) announced today, that it has successfully installed an additional 200 3D Savings Center kiosks in retail partner locations. With this installation, Provision has opened new markets in Boston, Atlanta and Washington, DC while expanding its presence in New York, Los Angeles, Cleveland, Philadelphia, Detroit, San Francisco, and Seattle. The kiosks are now in approximately 700 locations in major markets.
“This installation marks another major milestone for our rapidly evolving company,” said Curt Thornton, President and CEO of Provision. “We are very excited about this latest installation because it extends our footprint into new demographic markets representing new advertising prospects. We believe that with each new milestone, we increase our value to our retail partner, their consumer brands and our shareholders.”
Provision’s 3D Savings Center Kiosks generate eye-popping, three dimensional, holographic videos. The 3D Savings Center kiosk contains Provision’s patented and award-winning 3D holographic display and has proven to generate a great deal of attention from retail customers. 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.
According to a recent case study, the average rate of redemption for coupons generated by Provision’s 3D Savings Center was 17.4%. This is an extraordinary redemption rate when measured against the published national average coupon redemption rate of 1.2%. The redemption rate combined with its expanded footprint will boost the Company’s ability to sign national and local consumer brands to its roster of 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.
For more information, visit www.provision.tv.
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.
Contact Media Relations: The Lexicomm Group Wendi Tush Phone : (212) 794-4531 Email : Wendi@lexicommgroup.com
Released December 6, 2016