We tested our concept in Fred Meyer Stores, a division of The Kroger, Co., installing 3D Savings Center kiosks in the Pacific Northwest. We received advertising placements from some of the largest manufacturers in the country, including Unilever, Proctor & Gamble, Johnson & Johnson, BIC and Kimberly Clark.
through February 2016, the Company will have 450 3D kiosks in five cities furthering its ability to promote both national and local consumer brands through paid advertising. With the successful incorporation of Rite Aid's wellness and loyalty program, now known as "Plenti"onto the 3D Savings Center kiosks in New York and Los Angeles, we will then continue to expand to 1,000 stores in Rite Aid's top 10 demographic markets by the end of April 2016. The Company will earn advertising revenue from advertisements in Rite Aid.
Provision has engaged Health Media Network (HMN) to provide exclusive national advertising sales to the OTC (over-the-counter) and DTC (direct-to-consumer) brands in support of the 3D Saving Center kiosks being deployed inside Rite Aid. HMN will incorporate the 3D Savings Center kiosks interactive touch screen interface, 3D advertising and video screen as part of HMN's Point of Care sales offerings.
We have also engaged Pharmark, Inc. Digital Video Advertising Network (DVAN) to provide local and regional advertising sales to support the 3D Savings Center kiosks in retail stores. The clients of Pharmark and DVAN will provide local coupons, promotions and other advertising campaigns in digital format expanding advertising to include local merchants joining national brands.
The Company has signed a Master Collaboration Agreement with Intel Corporation to identify and collaborate on certain technical and marketing activities as contained in the agreement. Collaboration includes joint technical development and marketing activities as determined by the two companies.
Lets not forget this: said Curt Thornton, President and CEO of Provision. “We expect to file additional patent applications this year in advance of our planned expansion into other markets such as video gaming, home entertainment, medical imaging and telecommunications. We know our technology is unique and valuable, so are taking these aggressive steps to protect the Company, its intellectual property as well as its partners and customers worldwide.
This company is run well. I am very impressed. There sales will be huge or they will be bought out. This might be the best kept secret as far as stocks go-no-one knows about this company really, but that is the best time to get in. Just as long as they do-not go to far into debt, this should be a long-term winner.
There buying there new sales. Look at there financials-terrible. They will eventually have to dilute there stock even further if they keep burning through cash like they are. How will they survive unless dilute there stock, but even that will be short term. This is to risky folks.