Unusually quiet for such great news or does it just take time for the boulder rolling downhill to pick up some speed?
Provision Interactive Signs $3 Million Market Development Agreement
CHATSWORTH, CA- (April 13, 2011) Provision Interactive Technologies, Inc. (“Provision”), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that it has signed a
Market Development Agreement with its close strategic partner, Lifestyle Ventures, LLC(“Lifestyle”). Under the terms of the agreement, Lifestyle will underwrite the cost of manufacturing and installing Provision’s 3D Holographic displays in approximately 500 convenience stores located in the Western United States. The agreement represents a $3 million
Lifestyle Ventures investment in Provision’s 3D Network.
The Convenience Store Network will be the largest 3D out-of-home digital network in the United States. The displays will be capable of projecting floating 3D holographic videos in front of the screen without the need for any special glasses and without any discomforting eye stress.
“We are entering into this agreement based on the overwhelming positive response to Provision’s technology,” said Carl Smith, CEO and Chairman of Lifestyle Ventures. “We are excited about being a part of the network and are committed to its success.”
Provision will be handling the ad sales, network administration, and content production. Each store will have Provision’s 3D Holographic Display, the award winning “3D Product of the Year”
awarded by Frost & Sullivan in 2010. The convenience store network rollout is scheduled to begin in the early summer 2011.
“We are very thrilled by this new opportunity to expand our relationship with Lifestyle,” said Provision CEO Curt Thornton. “This partnership allows Provision to showcase its powerful
glasses-free, eye stress free, 3D technology to consumers on a mass scale for the first time.”
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