Contact Information: Investor Relations Contact: Hawk Associates, Inc. Frank N. Hawkins, Jr. or Julie Marshall Phone: (305) 451-1888 Email: Email Contact
Providential Holdings Trading Symbol to Return to PRVH
Company Announces SEC Determination of Timely Filing
| Source: Providential Holdings, Inc.
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM -- (MARKET WIRE) -- December 21, 2006 -- Providential
Holdings, Inc. (OTCBB : PRVH ) (German Stock Exchanges: PR7, WKN 935160), a
provider of international advisory services specializing in mergers and
acquisitions, announced the company will resume its trading symbol as PRVH
today, Thursday, Dec. 21.
Chairman and CEO Henry Fahman said, "The Securities and Exchange Commission
has considered that our most recent 10QSB filing was made on a timely
basis, given the technical difficulties encountered by our filing agent
during the process. We want to thank the Corporation Finance Division of
the SEC for its consideration and its prompt action to preserve the best
interest of public investors and shareholders. We also thank the National
Association of Securities Dealers and the Nasdaq Stock Market for their
cooperation and assistance in this matter."
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse
business activities, the most important of which are M&A advisory services
and independent energy. The company acquires and consolidates special
opportunities in selective high-growth industries to create additional
value, acts as an incubator for emerging companies and technologies, and
provides financial consultancy and M&A advisory services to U.S. and
foreign companies. As part of its activities in Vietnam, Providential has
been hosting seminars in conjunction with the Nasdaq Stock Market, the
Vietnamese Chamber of Commerce and Industry and a leading U.S. investment
banking firm to help Vietnamese companies go public and raise capital
through the U.S. financial markets. For more information on Providential
Holdings and its subsidiaries, visit http://www.phiglobal.com.
A profile for investors can be accessed at
http://www.hawkassociates.com/prvhprofile.aspx.
For investor relations questions regarding Providential, contact Frank
Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail:
info@hawkassociates.com, or visit http://www.americanmicrocaps.com or
http://www.hawkassociates.com
Safe Harbor: This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual results to
differ materially from those projected on the basis of such forward-looking
statements. Such forward-looking statements are made based upon
management's beliefs, as well as assumptions made by, and information
currently available to, management pursuant to the "safe-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.