Each store will generates $ 1500.00 per month for PVHO
Now do the math 4600 x $1500.00 permonth X 12 = $82,800,000.00 Per yr.Revenue
Item 8.01 Other Events
On April 12, 2013, Provision Interactive Technologies, Inc. ("PITI"), the operating subsidiary of Provision Holding, Inc., entered into a Point of Sales Advertising Agreement (the "Agreement") with Rite Aid Headquarters, Corp. ("Rite Aid"). Pursuant to the Agreement, Rite Aid has agreed to allow PITI to place 3D holographic based kiosks (the "3D Kiosk[s]") in all Rite Aid retail stores for the purposes of displaying advertisements, promotions, sweepstakes, samples, coupons and other consumer based or Rite Aid programs that the parties may agree on. The term of the Agreement is three and one-half years from the first month following the date of full installation, and will renew automatically at the end of the three and one-half year term.
Pursuant to the Agreement, PITI shall have the exclusive right to sell advertising on the 3D Kiosks, and will be the sole provider of 3D and all agreed upon 2D digital signage, interactive and non-interactive, in each Rite Aid location housing a 3D Kiosk. PITI will be responsible for the installation, technical support, and network management of each 3D Kiosk. Rite Aid will be responsible for providing a suitable location for each 3D Kiosk at the front entrance of the store, as well as providing in-store support and marketing support for each 3D Kiosk. Rite Aid also has the right to add programs to utilize the 3D Kiosk as a portal for Rite Aid branded programs.
Last year they put 1 in each of 10 stores in the California and NY market. They, upon success in the 10 stores will have access to 200 stores. Just the facts set straight here, buyer beware, PVHO is a pinksheet company thus they do not have to comply with the SEC filing requirements on reporting that is all I am saying here. PVHO will be moved by the day trader, so everyone be careful if you are considering purchase of PVHO do your research well. Key this is a lottery ticket play read the 8K posted as news on PVHO news Aug. 15 2013.