Provision Holding Inc (OTC:PVHO) is attracting more and more attention as investors notice the improved business model of the company.
Share price has ramped up over 200% since late September when the company announced changes in corporate business plans. The trading volumes remain high and the company is already recognized as a possible long term play.
The last price boost came when PVHO subsidiary, Provision Interactive Technologies, Inc., filed six additional patent applications. The company currently holds 40 patents for 3D technologies.[BANNER]
Provision has created a system that allows for a display of 3D holograms. The sale of devices themselves was not the best option and thus the management has moved on to selling the advertising space, which should generate $1.8 thousand profit per location per month.
The company has secured contracts to expand into at least 1456 locations sites, which, according to management calculations, should translate into approximately $21 million per year in advertising revenues.
Audience studies performed by Provision show people are more responsive to the 3D advertising. Naturally the effect is likely to wear off as more of such ads roll off, but right now PVHO is bringing in a revolutionary technology and with the new business model they can have a long run of sales increase once the devices are set up.
