Provision Holding Expands Board of Directors with Appointment of Thien Truong as Independent Member

CHATSWORTH, Calif., Dec. 12, 2017 (GLOBE NEWSWIRE) -- Provision Holding, Inc. (OTCQB:PVHO) (“Provision”) today announced the appointment of Thien Truong as an independent member of the Company’s Board of Directors. This appointment increases the size of Provision’s Board to five members, including two independent directors, fulfilling a key corporate objective.

Currently, Mr. Truong is the Chief Revenue Officer at Coinstar, LLC, and has held this position since February 2017. In this role, Mr. Truong oversees Coinstar’s company growth through new product innovation, product management, marketing strategies and business development.

Previously, Mr. Truong served as Senior Vice President of Business Development and Sales at Green Dot Corporation from 2014 to 2017, where he was responsible for Green Dot’s new business partnerships and managing existing retail relationships. Prior to joining Green Dot, Mr. Truong served as Vice President of Retail and Mall Channels for the Global Payment Options group at American Express, where he led the expansion of the brand's prepaid solutions, including the nationwide launch of its GPR card. Mr. Truong has also served in various Sales Management and Corporate Strategy roles at global companies including Procter & Gamble, Nestle Waters and Frito Lay, a division of PepsiCo.

Mark Leonard, Provision’s Chief Executive Officer commented, “We are thrilled to welcome Thien to Provision’s Board of Directors during this exciting time in the Company’s history. The Provision-Coinstar collaboration is transformational for Provision, as it will introduce Provision’s proprietary 3D holographic technology to Coinstar’s distribution network, and enable Coinstar to realize increased consumer engagement.”

Leonard continued, “Thien’s expertise in business development and his established relationships across multiple retail channels will be a tremendous asset to the board.”

Mr. Truong commented, “I am excited to join Provision’s Board of Directors and to work with the Company to capitalize on its plan to expand the consumer reach of its innovative technology platform over the coming years. I look forward to working with this committed team to execute on its expansion strategy with Coinstar as well as other key initiatives the company is working on.”

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About Provision Interactive Technologies, Inc.

Provision Interactive Technologies, Inc., a subsidiary of Provision Holding, Inc. (OTCQB:PVHO), is the leading developer of intelligent, interactive 3D holographic display technologies, software, and integrated solutions used primarily in retail settings. Provision’s 3D advertising displays are designed to increase in-store engagement, coupon redemption and point-of-purchase activity.

Provision's 3D holographic display systems represent a revolutionary technology that project full color, high-resolution videos into space detached from the screen, without the need for special glasses. Provision holds more than 10 patents related to its 3D holographic technology, for both consumer and commercial applications. For more information, visit www.provision.tv.

Forward-Looking Statements

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
Investor Relations
Philip Carlson / Steve Silver
pcarlson@kcsa.com / ssilver@kcsa.com
212-896-1233 / 212-896-1220

Media Relations
Kate Tumino
ktumino@kcsa.com
212-896-1252

Source: Provision Holding Inc.