Provision Anticipates Late Filing of Form 10-K After Completion of Annual Audit
October 13 2009 - 8:45AM
Marketwired
Provision Holding, Inc. (the "Company") (OTCBB: PVHO), announced
today that it will be filing their required annual report on Form
10-K within the next 30 days. On September 29, 2009, Provision
filed Form 12b-25 Notification of Late Filing to obtain an
extension to file its Form 10-K for the year ended June 30, 2009.
The Company is still working on the compilation and review of the
information required to be presented in its Form 10-K and its
independent auditor is still auditing such information.
"We are aggressively working on completing the year-end audit
with our independent auditors," said the Company's CEO Curt
Thornton. "Although we're going to be a few days late, we want to
assure our investors and other interested parties that the Company
has every intention to file the required report. Compliance with
our financial reporting obligations is an important responsibility
and our Board remains committed to it as we continue to grow the
Company."
"While 2009 has been a difficult year for many companies, we
continue to be proud of our accomplishments so far this year, and
are looking to this coming fiscal year with tremendous excitement.
We are grateful for the continued support of our shareholders and
stakeholders," added Thornton.
As a result of the Form 10-K not being filed on time, the
Company will have an "E" affixed to its symbol and our symbol will
appear as "PVHOE" until we file our Form 10-K.
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the
publicly traded company Provision Holding, Inc. (OTCBB: PVHO), is
the leading purveyor of intelligent interactive 3D holographic
display technologies, software, and integrated solutions for both
commercial and consumer focused applications. For more information,
please visit Provision at www.provision3dmedia.com.
Forward-Looking Statements
This press release contains forward-looking statements. 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 develop customers and market
expertise; the ability to compete effectively in a rapidly evolving
marketplace; the impact of technological change; our ability to
protect our intellectual property in the United States and other
countries; our ability to raise capital to implement our business
plan; and other risks referenced from time to time in our filings
with the Securities and Exchange Commission. Some of the statements
that are "forward-looking statements" can be identified by the use
of terminology such as "estimates," "projects," "plans,"
"believes," "expects," "anticipates," or "intends." We disclaim and
do not undertake any obligation to update or revise any
forward-looking statements.
CONTACT Media Relations: The Lexicomm Group Wendi Tush (212)
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