SOURCE: Provision Interactive

July 15, 2008 08:45 ET

Provision Interactive Announces Purchase Agreement From Studio One Media for up to 1,000 3D Units

The Contract Is Valued at up to $7 Million Over the Next 18 Months

CHATSWORTH, CA--(Marketwire - July 15, 2008) - Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that shipments to Studio One Media, Inc. for up to 1,000 3D holographic units will begin pursuant to a Strategic Alliance and Purchase Agreement. The contract will generate up to $7 million in revenue for Provision over the next 18 months.

Provision has received from Studio One Media a purchase order for the first five of Provision's 3D holographic units. Studio One will integrate Provision's 3D holographic display technology into Studio One's self-contained MyStudio recording studios, which will be installed in high-traffic public locations, such as shopping malls, beginning later this year.

"The execution of this agreement will introduce Provision's revolutionary 3D video holograms to new venues and new consumers across the country. MyStudio's younger demographic is a set of early adopters who will undoubtedly be eager to explore, use, and have fun with the technology," said Curt Thornton, President and CEO of Provision. "We have tested our 3D holograms in public locations like the ones the recording studios will be installed, and we know they will quickly attract an audience."

Provision's 3D units utilize its patented Holo™ 3D technology which projects full-color, high-resolution videos into space detached from the screen, without any special glasses. The versatile nature of the streaming videos allow for endless advertising possibilities for a variety of industries.

MyStudio recording studios will allow customers to create personalized music videos, as well as videos for modeling, comedy, dating, resumes, auditions and personal messages, with the 3D holographic units and post them online for public viewing. Provision's 3D holographic displays will be installed on the exterior of the studios where people passing by can easily interact with the holograms.

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

This press release contains 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; the ability to develop customers and market expertise; 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. We disclaim and do not undertake any obligation to update or revise any forward-looking statements.

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