CHATSWORTH, CA -- 05/14/08 --
Provision Interactive Technologies, Inc.
("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO),
announced today that it has signed a sales and marketing agreement with
Sarasota, Florida based Lifestyle Ventures, LLC. Under the agreement,
Lifestyle Ventures will sell Provision's 3D holographic video technology to
automotive racing markets and to Indian gaming resorts. According to the
National Indian Gaming Commission, revenues generated by the nearly 400
gaming establishments in the United States are close to $18.5 billion.
"The racing and gaming industries are two markets that are gaining
considerable momentum," said Curt Thornton, President and CEO of Provision.
"We believe this is the perfect time to explore these markets and to
generate revenues from our technology in new ways."
Lifestyle Ventures has been highly successful because of its ability to
quickly penetrate and sell unique products and services to a wide variety
of markets. Its national network of top level professionals brings strong
contacts and market expertise to all of their endeavors.
"We have received an outstanding response to the 3D technology and products
from some major companies in our sectors," said Carl Smith, Managing
Partner of Lifestyle Ventures. "We are looking forward to assisting
Provision in becoming tremendously successful in new growth markets."
Principals of Lifestyle Ventures have previously found success by creating
the largest reward-based prepaid phone card business, and marketing
operator services products to the hospitality industry for MCI.
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.
CONTACT:
Wendi Tush
(212) 300-2142
Email Contact
Lindsey Gardner
(212) 300-2132
Email Contact
The Lexicomm Group
http://www.lexicommgroup.com
