Provision and SLN sign MOU to consider in-salon promotional collaboration
CHATSWORTH, Calif., June 07, 2016 (GLOBE NEWSWIRE) -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCQB:PVHO), announced today that it has signed a Memorandum of Understanding (MOU) with Salon Life Network (“SLN”), a national media network. The MOU describes the plan to create a strategic partnership which would offer Provision’s 3D holographic displays for the front lobbies of SLN’s participating salons, which may include up to 10,000 locations within the U.S. by the end of the year.
A partnership would draw on the proprietary assets from each enterprise. SLN would contribute all of its current and future salon locations in the U.S., its proprietary content and programming, as well as its marketing and advertising relationships with leading personal care products companies. Provision would contribute its patented 3D holographic display technology, and operational and logistical expertise to the Salon Life Network. SLN has committed to exclusively offer Provision’s 3D holographic displays for the front lobbies of the salons within its network.
“SLN represents an exciting opportunity for us,” said Provision President and CEO, Curt Thornton. “Salon customers are very attractive to advertisers as they represent a truly captive audience. We look forward to increasing the value of brand exposure on SLN with our eye-catching 3D P-O-P displays.”
“Provision’s 3D holographic displays will not only be a value-add for advertisers, but will also enhance the experience for salon customers,” said Consuelo Sanchez-Octavio, CEO of the Salon Life Network. “We look forward to exploring a partnership with Provision and leveraging its unique technology.”
About Salon Life Network
Salon Life Network is a salon-based media network delivering compelling content and relevant advertising to the salon industry. We reach the most valuable commodity to the advertising industry; a captive audience in a relaxed environment, at a time and place where they go to look and feel their best. Salon Life Network also enhances the consumer experience and quality of the time spent in the salons.
For more information, visit www.salonlifenetwork.tv.
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 (212) 794-4531 Wendi@lexicommgroup.com
Source: Provision Holding Inc.