Contact Information: Investor Relations Contact: Hawk Associates, Inc. Antonella Montagna and Frank Hawkins Phone: 305-451-1888 E-mail:
Providential Holdings' Subsidiary, IndoChina Mining Corp., Appoints U.S. Mining Industry Veterans to Board of Directors
| Source: Providential Holdings, Inc.
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - April 15, 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 W. Pierce Carson, Ph.D., and
Lawrence G. Olson to the board of directors of Providential's wholly owned
subsidiary IndoChina Mining Corp. (IMC). IMC's board also includes Henry
Fahman, CEO Providential Holdings, and Tai Vo, president of Providential
Vietnam (Phi Vietnam).
Dr. Carson's 30-year geological career includes exploring, developing and
mining base, precious metals and industrial minerals in the U.S. and
abroad. He is currently president and CEO of Santa Fe Gold Corp., a
publicly traded company on the OTCBB, where he has served since 2003. Prior
to that, Carson was president and director of Nord Pacific's Mining and
Exploration Operations in Australia, Papua New Guinea, Canada, Mexico and
the U.S. He holds a Ph.D. and Master of Science from Stanford University
and a bachelor's degree from Princeton University.
Lawrence Olson currently serves as chairman of the board of directors of
Santa Fe Gold Corp., having formerly served as CEO and president until
2003. Prior to that, Olson partly owned Arizona Mica Properties, Inc.,
which was acquired by Santa Fe Gold Corp.
Henry Fahman, CEO of Providential Holdings, commented, "We are thrilled to
have two established mining professionals join IMC's board of directors.
Their strategic insights will help us as we prepare to begin our first
financial transaction to secure mining stakes in Vietnam."
About IndoChina Mining Corp.
IndoChina Mining Corp., a wholly owned subsidiary of Providential Holdings
(PHI) plans to take majority and minority stakes in precious and non-metal
mines in Southeast Asia. Headquartered in Vietnam, the company's strategy
includes establishing joint ventures to explore and mine for metals in
Vietnam, Laos and Cambodia.
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.