Provision Financing Featured in Prospect News
CHATSWORTH, California (June 4, 2010) – Provision Interactive Technologies, Inc. (“Provision”), a subsidiary of Provision Holding (OTCBB: PVHO), was featured in the June 3rd edition of Prospect News’ PIPE Daily newsletter. Prospect News’ readership includes traders, syndicate officials, hedge funds, mutual funds, analysts, salespeople and more. The article covered information released in the 8K on June 2, 2010: Socius Technology Capital Group, LLC (“Socius”) has committed to purchase tranches totaling up to $5 million in Series B non-convertible Preferred Stock (the “Preferred Stock”) from Provision. The tranches will be sold at Provision’s sole discretion over the next two years. Proceeds from these sales will be used to provide general working capital, not to finance expansion capital expenditures. Curt Thornton, CEO and President of Provision, said, “This transaction provides Provision with the capital required to stabilize the financial strength of the company by acting as an ‘insurance policy’ to our other financing activities.” Additional details on the transaction are contained in the Company’s Form 8-K filed with the Securities and Exchange Commission. For a copy of the newsletter, please send requests to lbarabash@ambrieladvisors.com. About Provision Interactive Technologies, Inc. Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTCBB: 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 Fortune 1000 companies. For more information, please visit Provision at www.provision.tv. Forward-Looking Statements Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission. CONTACT Investor Relations Ambriel Advisors Lora Barabash 646-734-8375
Video Interviews
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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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