Provision Interactive Teams With Charter Digital Media to Increase Advertising Revenues
Agreement Is Designed to Add Value to Provision's New Hispanic Grocery Network
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Chatsworth, CA --(www.USEquityNews.com)-- 04/27/2010 - Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that it has signed an agreement with New York-based Charter Digital Media to sell advertising on its 3D Rewards Center Network, beginning in Los Angeles with the Hispanic Grocery Network. The network is scheduled to grow to 50 locations within the next six months, followed by 500 locations in convenience stores.
Charter Digital Media works with several digital media networks nationally and locally, including ONTrack Network, McDonald's ATM Video Network, FlyTimeMedia and The Hospital Broadcast Networks. Advertisers on CDM's Networks have included MTV, Disney, Universal, Yahoo, CBS, FOX and Embassy Suites.
"We are very excited about partnering with Provision," said Terry Kollman, CEO of Charter Digital Media. "We've been looking forward to working with Provision for a long time and we believe the timing is perfect for us to assist Provision in monetizing the nation's first digital 3D network in a major market."
"Charter is a premier sales organization," said Provision CEO Curt Thornton. "We were looking for the perfect partner to help us build our unique network in nation's second largest ad market. We feel we found it in Charter."
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 Information:
Media Relations
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Lindsey Gardner
(570) 479-4895
Email Contact
Wendi Tush
(212) 794-4531
U.S. Equity News
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