Provision Interactive Technologies, Inc. (“Provision”), a subsidiary of Provision Holding, Inc. (OTCQB: PVHO), has announced that the Company has entered into a multi-year partnership agreement with Discount Drug Mart, Inc., to install Provision’s proprietary 3D Savings Center kiosks inside Discount Drug Mart stores. This agreement represents the next major retail partnership for Provision.
In addition to its eye-popping 3D holograph graphics, the 3D Savings Center kiosks offers in-store advertising, including exclusive Discount Drug Mart promotions, to provide customers highly effective sales offers at the point-of-purchase.
“This new partnership with Discount Drug Mart is a major milestone for Provision, as it further validates the applicability of our technology platform across the retail landscape, while providing a new revenue opportunity for Discount Drug Mart,” commented Curt Thornton, President & CEO of Provision. “The 3D Savings Center represents a significant opportunity for brands to reach Discount Drug Mart’s robust customer base at the point-of-sale. We are excited by the expansion of our retail footprint and by the prospects for meaningful revenue growth resulting from a broader consumer reach across the retail channel.”
“The Provision 3D Savings Center will provide opportunities for customers to achieve even more savings,” said David Bergman, Vice President of Advertising at Discount Drug Mart. “Discount Drug Mart customers will enjoy an engaging 3D holographic experience and be immediately rewarded with coupons, promotions, and other give-ways for both in-store products and wellness-related local professional services, such as doctors, dentists, and optometrists.”
The 3D Savings Center kiosk contains Provision’s patented and award-winning 3D holographic display, which has been proven to attract and influence retail customers. Each unit also has a 2D interactive touch screen that provides consumers access to information as well as Discount Drug Mart promotions, rewards, and coupons. Brand marketers will be able to showcase their products via 3D advertising and engage viewers via the interactive touch screen interface.
A recent case study showed results that the average rate of redemption for coupons generated by Provision’s 3D Savings Center was 17.4 percent. This is an extraordinary redemption rate when measured against the published national average coupon redemption rate of 1.2 percent.
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 ten patents related to its 3D holographic technology, for both consumer and commercial applications. For more information, visit www.provision.tv.
