Provision Holding Inc (OTCMKTS:PVHO) Making Moves

Provision Holding Inc (OTCMKTS:PVHO) started 2016 off with a bang after "The Wolf of Penny Stocks" came out with a buy recommendation. After trading quietly for all of 2015, investors are now asking if PVHO is finally going to make its move.PVHO 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 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 companies.In the third quarter, total revenues were $1.17 million compared to $49 thousand for the similar quarter last year. The Company also reported a net profit of $82 thousand for the quarter ended September 30, 2015, compared to a net loss of $321 thousand for the same period last year. The return to profitability is a direct result of higher gross profit and a gain on the forgiveness of debt partially offset by higher expenses due to increased business activities.PVHO is finally deploying its 3D Savings Center kiosks into the New York and Los Angeles markets. Hopefully this is the hump the company needed to get over on its way to building a sustainable business. The Company recently announced that 200 3D Savings Center Kiosks have been successfully installed in New York and Los Angeles markets for its key retail partner, one of the largest retail drugstore chains in the United States. Provision’s 3D Savings Center Kiosks generate eye-popping, three dimensional, holographic videos and include exclusive loyalty card information and promotions.PVHO has been a disappointment to many over the past few years. This was driven primarily by the excitement generated by having former Apple CEO Gil Amelio on the company's advisory board. At the time, he said:

"Provision Interactive is an exciting company with huge growth potential, even in today's market. I fell in love with the company's 3D technology and quickly recognized its boundless possibilities. I look forward to helping Provision reach its amazing potential."

This month, PVHO will be showcasing its revolutionary 3D holographic display technology and 3D Savings Center kiosks at the 2016 National Retail Federation’s Convention and Expo. The convention will be held at the Javits Center in New York City from January 17-19.The 3D Savings Center is quite unique. The 3D Savings Center kiosk contains Provision’s patented and award-winning 3D holographic display, which has proven to capture the interest and attention of retail customers. The 3D holographic display projects videos in front of the screen without the need for any special glasses or discomforting eye stress. Each kiosk also has a 2D interactive touch screen that provides consumers with quick access to promotions, rewards, coupons, or other retailer specific programs such as loyalty cards. Brand marketers will be able to showcase their products via 3D advertising and engage viewers via the interactive touch screen interface.PVHO also just announced that it has shipped an additional 250 3D Savings Center kiosks to its retail partner. These kiosks are being installed in New York, Los Angeles, Detroit, Philadelphia and San Francisco retail locations. Upon installation, which will be an ongoing process over the next month, the Company will have 450 3D kiosks in 5 cities furthering its ability to promote both national and local consumer brands through paid advertising. CEO Curt Thornton said:

“This shipment marks another major milestone for our rapidly evolving company. We are very excited about this next batch of 250 stores as it expands not only our presence in New York and Los Angeles, but also launches our second phase of the rollout as we expand beyond bi-coastal concentration and the top two advertising markets in the U.S. and enter three new demographic markets with projected significant advertising revenue prospects. We believe that with each new milestone, we increase our value to our retail partner, their consumer brands and our shareholders.”

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Currently trading at a $5.9 million market cap, PVHO has the potential to be an exciting name in small caps. Many shareholders have been waiting years for the company to breakout. Now that it's shipping more 3D Savings Centers, it might just actually happening. One things for sure, the stock is seeing more volume than last year. Get the latest updates on PVHO by signing up to Insider Financial in the box below.

Disclosure: We have no position in PVHO either long or short. We have not been compensated for this article.