CHATSWORTH, Calif., March 15, 2016 (GLOBE NEWSWIRE) -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCQB:PVHO), announced today that it has shipped its first HL40 display to its Middle East distributor, AOTEX SARL. AOTEX SARL represents the countries of Bahrain, Jordan, Lebanon, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. The shipment is part of a 3-year distribution agreement with AOTEX SARL and could mean placement of as many as 100 units during its launch year.
AOTEX is readying a strong marketing and sales campaign focused on Provision’s 3D digital media solutions in its Mid-East base starting with the largest markets of Saudi Arabia, United Arab Emirates and Kuwait. Provision’s products provide motivating and eye-catching 3D POP promotions for a variety of products in a variety of venues.
Ali Osman, General Manager of AOTEX said, “We are enthusiastic distribution partners with Provision because we see huge potential in harnessing the power of Provision technology to promote major regional and international brands. There is a great deal of excitement in our market for this revolutionary product.”
“AOTEX will first receive our HL40, which is our largest holographic display unit with a 40-inch diagonal screen," Provision President and CEO, Curt Thornton said. “It goes without saying that the Middle East could be a very important market for us. We are working closely with AOTEX SARL to help grow our combined footprint. We have also had preliminary discussions with distributors in China, which could be our largest market after the United States.”
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTCQB: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 companies.
Provision Holding, Inc. (OTCQB:PVHO) trades on the OTCQB venture stage marketplace for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.
For more information, visit www.provision.tv.
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements unless legally required.
Contact Media Relations: The Lexicomm Group Wendi Tush Phone: (212) 794-4531 Email: Wendi@lexicommgroup.com
Source:Provision Holding Inc.