Providential Holdings CEO Henry Fahman Updates Shareholders in Interview


LOS ANGELES, CA and HANOI, VIETNAM--(Marketwire - August 29, 2008) - Providential Holdings, Inc. (OTCBB: PRVH), which provides advisory, merger and acquisition services as well as independently investing in Vietnamese opportunities, today announced that CEO Henry Fahman gave a three minute interview to WallStreet.net. The interview can be accessed at http://tv.wallst.net/3-min-press/3-min-press.php?episode=228&part=953.

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About WallStreet Direct, Inc.

WallStreet Direct, Inc. operates WallSt.net (http://www.wallst.net), WallStRadio (http://radio.wallst.net), an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net), a hub for business and finance video content.

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. For more information on Providential Holdings, visit http://www.phiglobal.com. 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.

A profile for investors can be accessed at http://www.hawkassociates.com/profile/prvh.cfm.

For investor relations questions, contact Frank Hawkins or Antonella Montagna, 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.

Contact Information: For investor relations questions, contact: Frank Hawkins Antonella Montagna Hawk Associates 305-451-1888 e-mail: