Provision Interactive Signs 5-Year Agreement for up to 800 New Locations: Financial News

Provision Interactive Signs 5-Year Agreement for up to 800 New Locations
Thursday October 2, 2008 8:50 am ET

Provision's 3D Digital Signage Network Becomes World's Largest With the Long Island Gasoline Retailers Association

CHATSWORTH, CA--(MARKET WIRE)--Oct 2, 2008 -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTC BB:PVHO.OB - News), announced today that it has signed an agreement with the Long Island Gasoline Retailers Association ("LIGRA") to install its patented 3D holographic displays in up to 800 member stores throughout New York State. Provision's displays will be located inside the independent convenience stores of major franchise gasoline retailers including Shell, ExxonMobil, Citgo, Sunoco, BP, Amoco and Gulf.

"This agreement is potentially the largest store count Provision has signed to-date. We are very proud that retailers' confidence in our technology, products and services continues to grow," said Curt Thornton, President and CEO of Provision. "With this contract, Provision has the opportunity to provide a truly powerful distribution network to our advertisers." According to DigitalSignageToday.com the digital signage industry is expected to reach $14.6 Billion by 2011.

LIGRA members will be using Provision's HL40D units. The HL40D is an extraordinary 3D holographic video display system. Used to promote all types of products and services, the HL40D is a powerful 3D tool to break through the clutter of traditional in-store advertising and merchandising.

"We're excited to be working with Provision to bring their dynamic 3D holograms into our members' stores," said Kevin Beyer, President of LIGRA. "Their attention-grabbing displays will add an exciting point of purchase element to our sites."

About Provision Interactive Technologies, Inc.

Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTC BB:PVHO.OB - News), 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 are based on revolutionary, patented and patent-pending technologies that provide 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.