CHATSWORTH, Calif., Oct. 13, 2016 (GLOBE NEWSWIRE) -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCQB:PVHO), announced today it has released a new case study showing the stunning success the 3D Savings Center platform has had in its growing retail network. The study details the advertising and promotional programs that Provision has established with its well-known, national retail partner. The program placed Provision’s 3D Savings Centers nationally in hundreds of locations of the retail chain that combines Provision’s patented 3D holographic advertising with promotional coupons generated by the 3D Savings Center kiosk. The results show that the average rate of redemption for coupons generated by Provision’s 3D Savings Centers was 17.4%. This is an extraordinary redemption rate when measured against the published national average coupon redemption rate of 1.2%.
The 3D Savings Centers allow customers the option to print coupons for specific in-store brands. In 5 months Provision’s 3D Savings Centers printed 295,640 coupons, with a vast majority redeemed the same day.
“While we’ve always known that our 3D platform will outperform traditional in-store media, this program data has exceeded our expectations,” said Provision President and CEO Curt Thornton. “There is plenty of published market data supporting the efficacy of in-store 2D digital signage. Now, there is no question in our minds that 3D is a more effective way to change consumer purchase behavior, especially when combined with our digital coupons.”
Provision is currently extending its retail footprint and growing its base of advertising partners. The Company anticipates these redemption rates will help increase its advertising revenue and sales of new Provision 3D Savings Center kiosks to advertising partners.
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.