Providential Holdings Announces Successful Merger of Vietnamese Plastics Company

LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - August 20, 2008) - Providential Holdings, Inc. (OTCBB: PRVH), which operates in merger and acquisitions consultancy, financial services, energy and resources, real estate development and invests in special opportunities, has successfully completed the reverse merger of Catthai Manufacturing and Trading Company into a publicly traded entity, Strategia Corp.

The surviving corporation has changed its name to Catthai Corporation, and will begin trading today in the Pink Sheets under its new symbol CTHI. The Nevada corporation plans to complete a U.S. GAAP audit of its financial statements by an accounting firm registered with the Public Company Accounting Oversight Board (PCAOB) with the vision of moving to the Over the Counter Bulletin Board in the near future. The company also plans to move to a senior exchange at a later date.

Catthai Corp. is one of the first Vietnamese companies to provide specialized, engineered plastics in Vietnam. The company manufactures plastic molds for Sanyo, Honda, Toshiba and the Mitsubishi Group among others. It currently operates two 7,000 square meter factories, employs 200 workers and has offices in Europe and Australia.

Catthai Corp. President Anh T. Le said, "Catthai is nationally recognized in Vietnam as the finest plastics producer in the country. Our plan is to continue to grow our business organically as well as to acquire other companies in Vietnam that have either products or services which complement ours or where we see an especially good opportunity for growth. Our entry into the U.S. capital markets will make that possible."

About Catthai Corporation

Vietnam-based Catthai originated as a trading company in 1860 that began its current plastics molding business in 2000 after securing contracts from Sanyo, Honda, Toshiba, the Mitsubishi Group, Colgate-Palmolive and others. The company currently operates two 7,000 square meter factories and employs 200 workers. Catthai operates under long-term contracts for several Japanese and American multinational corporations. Recently, Catthai entered into a joint venture with Japan-based Okumura-DuyAnh, to specialize in the manufacture of molds and engineering metal parts for machine production. Please visit: http://catthaicorp.com/

About Providential Holdings, Inc.

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are merger and acquisitions advisory services and investing in the rapidly growing economies of Vietnam and Asia. As part of its activities in Vietnam, Providential hosts 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 is available at: http://www.hawkassociates.com/profile/prvh.cfm.

For investor relations, contact Antonella Montagna, Hawk Associates, at 305-451-1888, e-mail: Providential.Holdings@hawkassociates.com or http://www.hawkassociates.com. For free e-mail alerts, 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.

Contact Information: Contact: Antonella Montagna Hawk Associates 305-451-1888