Provision Holding Inc (OTCMKTS:PVHO) has seen a recent surge of volume and move up off its $0.0031 lows in recent trading. PVHO has a long history of big moves running to over $0.50 a share back in 2016.
PVHO operates in the booming 3D digital technology space which is one of the fastest growing sub-sectors in the digital advertising space. 3D digital draws upon a fully interactive and immersive end-user experience; its virtual reality coming one step closer to the five senses but without the need for 3D glasses.
Provision Holding Inc (OTCMKTS:PVHO) is a small company with a big hand in the 3D digital technology space. The Company is focused on the development and distribution of three-dimensional (3D) holographic interactive video displays primarily for advertising and product merchandising markets. Its products include HoloVision displays and 3D Savings Center kiosks. 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.
At the end of last year PVHO signed an agreement with Coinstar ®, LLC to integrate Provision’s proprietary 3D holographic display and point-of-sale (POS) coupon platforms into Coinstar’s Exchange™ kiosks.
With 17,000 locations in major retailers across the U.S., the partnership will enable Coinstar to offer its customers in-store savings on consumer products with coupons offered through the kiosks’ touchscreen system. In addition, the kiosks will include Provision’s patented and award winning 3D holographic product that will project advertiser messages from the top of the structure, creating new revenue opportunities for Coinstar and its retail partners.
In June the Company said Kiosks enabled with the coupon-generating capability and holographic toppers, powered by Provision Interactive Technologies, are now available in most Giant Eagle locations. Approximately 215 Giant Eagle stores located in Ohio, Pennsylvania, Maryland and West Virginia now have the new coupon and 3D technology-enabled kiosks.
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During the summer PVHO was putting out some good press; in May the Company said it received signed “insertion orders” (advertising contracts) totaling $2.53 million from consumer product goods companies (CPG’s) to advertise products on the expanding Provision 3D holographic platform integrated into Coinstar kiosks inside grocery store retailers.
The CPG contracts, which carry one-year advertising commitments, cover multiple food and pharmaceutical products, and represent the largest financial commitment Provision has received to date for its advertising platform. Provision expects revenues from these first insertion orders to commence early in the third quarter of calendar 2018.
In August PVHO made an agreement last month that its Ohio-based partner PharMark, Inc. has signed a new agreement to administer local and regional advertising with Provision’s proprietary 3D holographic displays. Under the terms of a signed agreement, PharMark is to provide advertising sales support utilizing Provision’s 3D holographic technology and coupon platform starting with approximately 400 grocery stores. Provision’s patented and award-winning 3D holographic display and 2D interactive touch screens are deployed at retailers nationwide, including through kiosks at leading grocers. Through the kiosks, consumers have the ability to access information, promotions, rewards, and coupons beneficial to national, regional and local brands.
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Currently trading at a $1.7 million market valuation PVHO has no cash in the treasury and no revenues currently although according to recent press that is about to change. PVHO is an exciting story developing in small caps with a long history of big moves running to over $0.50 a share back in 2016. The stock has a significant gap to fill from current levels, if notes are out of the way PVHO could get exciting. We will be updating on PVHO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PVHO.
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Disclosure: we hold no position in PVHO either long or short and we have not been compensated for this article.