Diversified Web Holdings Announces Strategic Investment Into Provision Holdings

Diversified Web Holdings (DWH), a New York-based venture capital firm, announced today that the company has made a strategic investment into Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTC.BB:PVHO - News), the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions.  


DWH will work with Provision to build and expand their business in an effort to further penetrate the digital out-of-home advertising industry and increase the company's visibility to match its competitive edge in the 3D digital space. 

In a report titled "Digital Out of Home: Hyperlocal and Hyper Growth?" BIA/Kelsey forecasts digital OOH advertising revenues to grow from $2.2 billion in 2009 to $3.7 billion in 2013, representing a compound annual growth rate of 13.5 percent. 

"We are excited to be working with the DWH team as we believe they are a perfect partner for our disruptive 3D holographic display technologies. Our management team is certain that DWH's network and industry expertise will help accelerate the rollout of the 3DEO platform," said Curt Thornton, President and CEO of Provision.

 

3DEO Reward Centers use Provision's patented 3D holographic displays to draw consumer attention to featured products and are able to dispense related coupons and promotions. 3DEO provides advertisers with a unique and proven way of breaking through the clutter of in-store ads. Some of Provision's partners include Google, McDonald's, and Clear Channel. 

"We look forward to working with Provision and based on recent media forecasts, we believe the company is poised for significant growth over the next several years. We are very confident in Provisions unique media platform targeting consumers at the point of purchase and believe that 3DEO will disrupt the traditional 2D display advertising market," said Crystal Agresti, DWH's Manager of Investor and Public Relations.

Video Interviews

  • Interview with Provision President & CEO Curt Thornton

    2010.01.14

    Excerpts from a conference call conducted by TheMarketFinancial.com, a news portal which covers the latest Wall Street developments and investment opportunities.

  • Provision's 3D Display Combats Ad Blindness

    2009.12.04

    Provision's 3DEO platform - a 3-D advertising kiosk that attracts consumers with holographic video and prints coupons on demand - was a response to the proliferation and ubiquity of two dimensional outdoor displays.

  • Interview with Lyle Bunn, Digital Signage Expert and Strategy Architect

    2009.12.02

    Lyle Bunn "makes digital signage happen" by providing counsel, direction and education in the planning, deployment, supply and use of dynamic digital display. He is considered to be "consistently ahead of the curve" bringing leading edge insights and deep experience to consulting and education assignments.

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