SOURCE: Provision Interactive Technologies, Inc.

Provision Interactive Technologies, Inc.

December 09, 2009 12:45 ET

Diversified Web Holdings Announces Strategic Investment Into Provision Holdings

NEW YORK, NY--(Marketwire - December 9, 2009) - 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. (OTCBB: PVHO), 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. An interview with Mr. Thornton can be viewed here:

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.

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

About Diversified Web Holdings

Diversified Web Holdings is a venture capital firm that strategically invests and partners with companies that can benefit from digital media resources and expertise. Portfolio companies typically outsource key aspects of their businesses, such as sales and marketing, public and investor relations, and business development, to the DWH team.

DWH media experts and investment professionals rapidly identify opportunities that contribute to the growth of the business. This may include expanding into new verticals or new markets overseas. In addition to investing "marketing and advertising dollars" into portfolio companies, DWH management uses its experience and networks to source capital, evaluate future financings, acquisitions, and exit opportunities.

For more information, please visit Diversified Web Holdings at

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:
    The Lexicomm Group
    Wendi Tush
    (212) 300-2142
    Email Contact