Contact Information: Investor Relations Contact: Hawk Associates, Inc. Antonella Montagna and Frank Hawkins Phone: 305-451-1888 E-mail:
Providential Holdings Appoints Veteran Geologist as IndoChina Mining Corp.'s VP of Operations
| Source: Providential Holdings, Inc.
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - April 10, 2008) - Providential
Holdings, Inc. (OTCBB : PRVH ), a company providing advisory, merger and
acquisition services as well as independently investing in Vietnamese
economic opportunities, today appointed veteran geologist An Tung Nguyen as
vice president of operations for IndoChina Mining Corp. (IMC),
Providential's wholly-owned mining subsidiary.
The company noted that Nguyen's appointment is the first of a series to
fill positions in IMC's management team in anticipation of imminent joint
venture and acquisition agreements. In addition, IMC expects to invite a
number of mining experts to its board of directors in the near future.
Nguyen has more than 30 years experience in geology. Currently, he is
Assistant General Director of Phu Yen Joint Stock Company, a company that
conducts mining surveys and manages the exploitation of fluorite,
diatomite, ilmenite and other minerals in Phu Yen Province, Vietnam.
Previously Nguyen served as the Deputy Manager of the General Economic
Department at Phu Yen Province, and was the chief of the Son Hoa Project at
Phu Yen for four years. Nguyen holds a degree from the Kiev Geological
School in Russia and taught at geological schools Tuy Hoa, and Vinh Phuc,
among others.
Nguyen said, "I am delighted to work at IndoChina Mining Corp. The
Vietnamese mining industry is in a period of growth due to the high demand
for metals and materials stemming from the region's economic development. I
am confident that IndoChina Mining Corp. will be successful in acquiring
strategic mining interests in Vietnam, Laos and Cambodia."
Managing Director of Providential Vietnam (PHI Vietnam), Tai Vo, said,
"Tung's experience and knowledge will be an invaluable asset in
establishing and scaling IMC's operations. His mining experience and
uncanny geological ability together with the economic growth of the region
will be key to our success in taking ownership stakes in profitable and
promising mines. We expect that Tung will soon be joined by other
experienced personnel at the management and board level."
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 investing in the rapidly growing economies of Vietnam and Asia. 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 leading U.S. investment banking firms, to help
Vietnamese companies go public and raise capital through the U.S. financial
markets. For more information on Providential Holdings, visit
http://www.phiglobal.com.
A profile for investors can be accessed at
http://www.hawkassociates.com/profile/prvh.cfm.
For investor relations questions regarding Providential, contact Antonella
Montagna or Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail:
Providential.Holdings@hawkassociates.com or visit
http://www.americanmicrocaps.com or
http://www.hawkassociates.com. To sign up for free e-mail notification of
future releases, visit http://www.hawkassociates.com/about/alert.
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.