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Provision Interactive Technologies, Inc. (PVHO)

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Provision Holding (PVHO)

See what customers see 3D PEPSI in action on Provision (PVHO) website 


Provision Interactive Technologies, Inc.
A Provision Holding Company
9253 Eton Avenue, Chatsworth, CA 91311

Contact : COO Curt Thornton Curt@Provision.TV


Reiterates Goal to Install 600 3D “Topper” Units by First Quarter of 2019

CHATSWORTH, CA, Dec. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Provision Holding, Inc. (OTCPINK: PVHO) (“Provision”) today announced that it has prepared 81 initial 3D “topper” units for delivery to a large grocery retailer under its recently relaunched production schedule, that will be shipped during the first week of January 2019.

The initial 60 of these units will be installed during the week of January 7, 2019 and will complete Provision’s initial grocery store base in Northern California, and the balance will represent initial deployment in Southern California shortly thereafter. Provision reiterates its goal to install 600 3D “topper” units under its recently relaunched production schedule by the first quarter of 2019, which would represent a key commercial milestone of 1,000 installed stores.

During the month of December 2018, Provision has entered into advanced negotiations towards a transaction that would provide additional working capital and enhance its ability to successfully execute on its commercial retail strategy. As a result, the Company now expects to complete this transaction and to file its 10-K for the fiscal year ended June 30, 2018 during the month of January 2019.

Mark Leonard, Provision’s Chief Executive Officer, commented, “We are pleased to have recently executed on multiple strategic fronts that we believe has positioned Provision for an exciting 2019 and beyond. With the recently completed $2 Million funding, which enabled the re-launch of production of our 3D “toppers” which will begin to ship right after the New Year, and the successful extension on the terms of senior notes, we are confident in the positive operating momentum that is emerging in our business. In addition, we have received the kiosks previously deployed under our former Rite Aid collaboration, which are now wholly-owned by Provision. We plan to redeploy these units in 2019, and anticipate these kiosks to generate more favorable economic terms to Provision than would have been possible previously.”

Mr. Leonard continued, “As we enter 2019, we are focused on executing on the U.S. grocery channel opportunity through our alliance with Coinstar, LLC. On a corporate level, we expect to further bolster our balance sheet and working capital position to ensure that we fully capture this tremendous market opportunity. In addition, early in the year, we will complete and update our regulatory filings to regain current status which, when combined with these other catalysts, will begin to drive greater confidence in Provision, create value for its loyal shareholders and noteholders, and introduce the Company to new investors as well.”

About Provision Interactive Technologies, Inc.

Provision Interactive Technologies, Inc., a subsidiary of Provision Holding, Inc. (OTCPINK: 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.

NO DILUTION OVER THE LAST MONTH share structure unchanged


Outstanding Shares 254,248,262 12/20/2018
Restricted 53,304,709 12/20/2018
Unrestricted 200,943,553 12/20/2018
Held at DTC 192,578,977 12/20/2018

- Acquired $2 million in JV financing, with an option for $3 million more (November 14th PR)

- Awarded new design patent for its technology (November 20th PR)

- Lawsuit against RiteAid settled in PVHO's favor - they are awarded 100% ownership of all 650 kiosks in Rite Aid stores (November 28th PR)

- Entered into agreement with lenders so no notes will mature for over TWO years! (December 4th PR).

- COO indicated much more news coming as they continue rolling out their 3D hologram advertising technology across the country!

- There are lots of concurrent activities in progress at this time with both tactical and strategic items being taken into consideration

- Company remains excited about 2019!

Latest PR's

Provision holdings closes on 2 million financing

Funding to Support Advancement of ProVision and Coinstar Rollout and Achievement of Key Near-Term Corporate Milestones

CHATSWORTH, Calif., Nov. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Provision Holding, Inc. (OTCQB: PVHO) (“Provision”) today announced the closing and receipt of funding of a $2 million financing through a Joint Venture Agreement (“Agreement”) with London & Scottish Investments Ltd and a UK based family office. With the proceeds, Provision has initiated production of an additional 600 3D “topper” units under its collaboration agreement with Coinstar, LLC, and expects to begin installations into a national grocery chain over the next 30 days and continuing into the first quarter of 2019.

Provision expects fulfillment of this next wave of its proprietary 3D “topper” installations to extend the total number of units deployed to over 1,000 U.S. stores, which would represent a key corporate milestone and support the commencement of revenue from advertising over the Provision network.

Under terms of the Agreement, the parties have a mutual option to enter into a second round investment for $3 million during the first quarter of 2019, which would enable production, delivery and installation of an additional 1,000 3D units.

As a result of this new investment partnership, Provision has revised its forecasted installations to a total of 2,000 toppers during the first half of 2019 with the second half supporting at least 3,000 more toppers.

Mark Leonard, Provision’s Chief Executive Officer, commented, “We are excited to have secured funding that will enable us to reinvigorate our production and rollout schedule. Although the timing for securing funding has proven to be more challenging than we had anticipated this year, we are increasingly confident in our ability to enter into additional funding relationships to accelerate unit production and delivery over the coming months.”

Provision expects to file its Form 10-K for the year ended June 30, 2018 in this fourth calendar quarter.


Provision awarded Design Patent on Interactive Top Element for a Kiosk

CHATSWORTH, California, Nov. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Provision Interactive Technologies, Inc. ("Provision" or the “Company”), a subsidiary of Provision Holding, Inc. (OTCPINK: PVHO), announced today that the Company was awarded a new design patent for its unique technology. This design patent, US. No. D820,824, is for the Interactive Top Element for a Kiosk and provides the Company with the right to exclude others from making, using, selling, offering to sell and importing this design for 15 years, until June, 2033.

Provision’s patented topper design is currently in use and has been deployed in hundreds of retail stores across the U.S. This new patent design award boosts Provision’s intellectual property protection in the U.S. and ultimately through the international PCT (Patent Cooperation Treaty) process recognized by countries around the world.

“This new patent design award will provide critical protection for our growth efforts, as we transform the consumer kiosk experience not just in the U.S. but worldwide,” said Mark Leonard, Provision Holding President and CEO. “Our technology is unique and valuable, so we are continuing to take aggressive steps toward protecting the Company and its intellectual property while also focusing our energy on generating additional sales and driving shareholder value.”

Nov 28 (Reuters) - Provision Holding Inc:





CHATSWORTH, Calif., Dec. 04, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Provision Holding, Inc. (OTCPINK: PVHO) (“Provision”) today announced that it has entered into a Note Extension Agreement extending the Company’s senior secured notes.

Under terms of the agreement, the holders of senior secured convertible promissory notes (the “Notes”), with principal totaling $4.9 million, have agreed to amend certain terms, including a thirty month extension of the Notes’ maturity until May 13, 2021. The Notes will continue to accrue interest during this period.

Importantly, extending the expiration date by more than two years will provide the Company with greater flexibility and working capital to execute on its commercial strategy, which is focused on accelerating production and delivery of its 3D “topper” units, under a collaboration agreement with Coinstar LLC.

Mark Leonard, Provision’s Chief Executive Officer, commented, “We are excited to have negotiated an extension on these Notes, thus eliminating any potential default issues. We appreciate the support of our noteholders and remain committed to creating value for all of Provision’s stakeholders.”

“With our recently completed $2 million funding and the successful extension on the terms of these Notes, we remain confident that we are sufficiently capitalized to execute on our business plan and begin to create revenue for our stakeholders in 2019.”



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PVHO News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 10/02/2018 05:10:21 PM
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#7761  Sticky Note QUICK DD-UPDATE DECEMBER 21, 2018 GoAndCollect 12/21/18 03:30:39 AM
#7601  Sticky Note Wow huge! Provision Holding Extends Senior Secured i_like_bb_stock 12/04/18 08:45:32 AM
#8072   ‘Well, if there’s no other place around the subslover 01/22/19 01:06:38 PM
#8071   Once those filings hit, Pvho is in for cep2535 01/22/19 12:20:14 PM
#8070   Wakey wakey right Chaka;) doogdilinger 01/22/19 11:36:53 AM
#8069   My millions++ PVHO looking good this year! Chaka 01/22/19 11:35:38 AM
#8068   Maybe some group/promoter getting ready to run, when HeavenandHell 01/22/19 11:12:56 AM
#8067   Yeah we got some heavies that keep circling Reversemergers 01/22/19 10:08:04 AM
#8066   Nice HeavenandHell 01/22/19 09:58:46 AM
#8065   NICE! Though NITE.....interesting subslover 01/22/19 09:55:24 AM
#8064   600k on bid at .275 tedpeele 01/22/19 09:46:31 AM
#8063   Filing expected in January and there are only Reversemergers 01/19/19 12:49:27 AM
#8062   Yes doog buddy! Me thinks next week is subslover 01/18/19 05:04:04 PM
#8061   Dip em then rip em doogdilinger 01/18/19 04:10:22 PM
#8060   Perfect !!! Impacto 01/18/19 02:50:45 PM
#8059   735k bid @ .0225. This one moves quick. That dip Reversemergers 01/18/19 02:50:23 PM
#8058   Niceeeeeeeee !!!!! Impacto 01/18/19 02:40:29 PM
#8057   Nice to see i_like_bb_stock 01/18/19 02:34:01 PM
#8056   He's baaaack. 732K bid and moving back up. Cache 01/18/19 02:33:21 PM
#8055   Super thin after that moron at 0.0194 ;) Impacto 01/18/19 01:30:49 PM
#8054   Thanks for charts =) Paki 01/18/19 12:38:59 PM
#8053   PVHO buy 0.0176 stocktrademan 01/18/19 12:09:36 PM
#8052   Haha, yes! Corrected. :-D Cache 01/18/19 12:07:13 PM
#8051   015 u mean lol i_like_bb_stock 01/18/19 12:03:43 PM
#8050   Probably bidding for bounce at 200 dma at Cache 01/18/19 11:56:45 AM
#8049   100ma and 20Ma close together. Stock oversold;) Impacto 01/18/19 11:55:12 AM
#8048   Bottoming nicely ;) Impacto 01/18/19 11:52:37 AM
#8047   Dang where did the buyer go ? i_like_bb_stock 01/18/19 11:46:30 AM
#8046   added Sonny guy 01/18/19 11:25:24 AM
#8045   adding ironhammer 01/18/19 11:20:25 AM
#8044   Buying ;) Impacto 01/18/19 11:19:46 AM
#8043   PVHO continues to show strength, but I'm glad Cache 01/17/19 09:24:19 PM
#8042   They told us in by the end of wardbird 01/17/19 04:21:17 PM
#8041   Any idea when they will be done?? ManSax 01/17/19 03:43:19 PM
#8040   We need the financials to get through.03s. Tic tic wardbird 01/17/19 09:17:01 AM
#8039   Got to get through .03 before you can ManSax 01/16/19 11:23:33 AM
#8038   .05 is knocking on the door $PVHO. Chaka 01/16/19 10:49:46 AM
#8037   Breaks .03 and Katie bar the door!!! ManSax 01/16/19 10:42:21 AM
#8036   gets thinner as it goes higher i_like_bb_stock 01/16/19 10:02:08 AM
#8035   Good morning here :) Can’t imagine what a filing Reversemergers 01/16/19 10:01:46 AM
#8034   Holy explosive Stock Chart Cache! PVHO subslover 01/16/19 09:59:20 AM
#8033   Breaking 03 shhhh i_like_bb_stock 01/16/19 09:58:19 AM
#8032   Welcome, .03s! Cache 01/16/19 09:55:41 AM
#8031   Here you go: golden cross colliding with upcoming Cache 01/15/19 09:20:06 PM
#8030   Excellent trading so far this week. Chaka 01/15/19 08:21:20 PM
#8029   Getting close to a Golden Cross? Anybody have Reversemergers 01/15/19 07:07:14 PM
#8028   Just a hunch on my part but I subslover 01/15/19 03:25:12 PM
#8027   Looking as if it wants to make a Cache 01/15/19 12:57:19 PM
#8026   Holding our own here i_like_bb_stock 01/14/19 02:39:05 PM
#8025   Churn is good, I agree. Seeing 380k buys Reversemergers 01/14/19 02:20:50 PM
#8024   I think it is just common sense that subslover 01/14/19 12:56:48 PM
#8023   Starting to bounce, a little volume and we Reversemergers 01/14/19 11:45:46 AM