Provision Holding Expands Board of Directors with Appointment of Vince Burke as Independent Member
Mass and Specialty Retail Industry Veteran with More Than 30 Year Tenure at Hallmark Cards To Support Retail Channel Expansion Strategy
CHATSWORTH, Calif., Oct. 24, 2017 (GLOBE NEWSWIRE) -- Provision Holding, Inc. (OTCQB:PVHO) today announced the appointment of Vince Burke as an independent director to the Company’s Board of Directors. This appointment increases the size of Provision’s Board to four members, and the Company is actively engaged towards further expanding its board to five members, as previously disclosed.
Mr. Burke is currently a partner in the BGJ Group, a global consultancy company focused on the supermarket, mass retail, convenience, drug and specialty channels. He has more than 37 years of experience in the mass and specialty retail industry, developing relationships with the leadership teams at many of the most respected retailers in the country. Prior to joining the BGJ Group, Mr. Burke spent 34 years with Hallmark Cards, the world’s leading social expression company. During the latter 18 years of his tenure, he served as Vice President Strategic Relationships & Business Development, where he was responsible for initiating, developing, and maintaining strategic relationships with the highest level of leaders at retailers, key licensors, CPG companies, and industry trade groups. Mr. Burke also led Hallmark’s new business activities and played a lead role in many retailer contract negotiations. He sits on the National Association of Chain Drug Stores (NACDS) Advisory Board, and the Global Market Development Center’s (GMDC) Education Leadership Council.
“We are proud to have attracted someone of Vince’s stature to join our Board of Directors,” stated Mark Leonard, Provision’s Chief Executive Officer. “His distinguished career at Hallmark Cards and experience working with nearly every major mass and specialty retailer will provide invaluable insights and industry relationships. We look forward to his contributions to the board during this exciting time in the Company’s history.”
Mr. Burke commented, “I am excited to join Provision’s Board of Directors, as the Company prepares to deploy its proprietary and innovative 3D holographic technology broadly across multiple retail channels. I look forward to helping the Company to successfully execute on its expansion strategy by providing insight on maximizing penetration and consumer engagement across multiple retail settings, both domestically and internationally.”
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About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of Provision Holding, Inc. (OTCQB:PVHO), is the leading developer of intelligent, interactive 3D holographic display technologies, software, and integrated solutions used primarily in retail settings. Provision’s 3D advertising displays are designed to increase in-store engagement, coupon redemption and point-of-purchase activity.
Provision's 3D holographic display systems represent a revolutionary technology that project full color, high-resolution videos into space detached from the screen, without the need for special glasses. Provision holds more than 10 patents related to its 3D holographic technology, for both consumer and commercial applications. 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.
Released October 24, 2017