SOURCE: Provision Interactive

Provision Interactive

April 13, 2011 08:45 ET

Provision Interactive Signs $3 Million Market Development Agreement

Strategic Partner Lifestyle Ventures to Help Finance 3D Network Rollout in Convenience Stores

CHATSWORTH, CA--(Marketwire - Apr 13, 2011) - Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that it has signed a Market Development Agreement with its close strategic partner, Lifestyle Ventures, LLC ("Lifestyle"). Under the terms of the agreement, Lifestyle will underwrite the cost of manufacturing and installing Provision's 3D Holographic displays in approximately 500 convenience stores located in the Western United States. The agreement represents a $3 million Lifestyle Ventures investment in Provision's 3D Network.

The Convenience Store Network will be the largest 3D out-of-home digital network in the United States. The displays will be capable of projecting floating 3D holographic videos in front of the screen without the need for any special glasses and without any discomforting eye stress.

"We are entering into this agreement based on the overwhelming positive response to Provision's technology," said Carl Smith, CEO and Chairman of Lifestyle Ventures. "We are excited about being a part of the network and are committed to its success."

Provision will be handling the ad sales, network administration, and content production. Each store will have Provision's 3D Holographic Display, the award winning "3D Product of the Year" awarded by Frost & Sullivan in 2010. The convenience store network rollout is scheduled to begin in the early summer 2011.

"We are very thrilled by this new opportunity to expand our relationship with Lifestyle," said Provision CEO Curt Thornton. "This partnership allows Provision to showcase its powerful glasses-free, eye stress free, 3D technology to consumers on a mass scale for the first time."

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 the recipient of the 2010 Frost & Sullivan 3D Holographic Display Product of the Year Award.

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, or www.twitter.com/Provision3D.

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.

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