Kariba offers a variety of kiosks focused on consumer products and works closely with area hotels, restaurants, shopping malls, and other retailers. Provision's Holovision will be the first 3D digital media network in the Caribbean and will be supported by Kariba's already significant distribution footprint.
In response to the news, Nestlé, one of the world's largest multinational packaged foods companies, has committed to advertising Nescafé, a leading brand of instant coffee, across Kariba's advertising network.
Karon Gooljar, Kariba CEO, commented, "Nestle purchased a significant portion of the available ad space. We believe, after seeing how consumers respond to the Nescafé placement, they'll bring other leading brands on board."
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the publicly
traded company Provision Holding, Inc. (
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 Fortune 1000 companies.
For more information, please visit Provision at www.provision.tv.
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; 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.
Media Relations: Poseidon Capital (702) 589-5830