HRCiti Features World-Renowned Author and Executive Coach William Davidson on First Series of HR Development Seminars in Vietnam

LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - November 6, 2008) - Providential Holdings, Inc. (OTCBB: PRVH) (FRANKFURT: PR7) (WKN 935160), a company engaged in mergers and acquisitions, consulting and advisory services, real estate development in Vietnam, mining and investing in special situations, today announced that HRCiti Corporation (www.hrciti.com), a leading HR consulting and executive training and education with focus in Vietnam, is hosting 2 seminars with MSV Company, a local event organizer in Ho Chi Minh City, for companies seeking advanced corporate development to compete globally. The main topic of the seminars will be corporate transformation, leadership skills and human capital development.

The first seminar will be held on Friday, November 7 at 11:00 a.m. in the Majestic Hotel, 6 Dong Khoi, District 1, Ho Chi Minh City.

The second seminar will be held the same day at 15:30 p.m. in the Equatorial Hotel, 242 Tran Binh Trong, District 5, Ho Chi Minh City.

To date, over 40 senior executives of leading Vietnamese companies have signed up for these events.

The seminars feature Dr. William Harley Davidson, co-founder of HRCiti, who will provide information on the process of effective HR development and building global leaders as the golden key to success of companies in the emerging growth market like Vietnam. The seminar will feature Dr. William Harley Davidson who is co-founder of HRCiti. Dr. Davidson is the author and co-author of a number of best sellers including "Vision 2020," the best business book of the year selected by Fortune Magazine in 1993, "Amazing Race," and "Breakthrough." Dr. Davidson was also a tenured professor of international business at the University of Southern California from 1985-1997. Starting as a protégé of Raymond Vernon at Harvard, he has been actively involved in the Asian arena for many years. He was a founding faculty member of the Dalian Institute, formed as a result of one of the US-China protocols of 1984 to educate China's senior leaders in market economics and capitalism. Bill is also a founding faculty member of the US Japan Friendship Society. Dr. Davidson was recognized as the most frequently cited academic in the field of international management between 1985 and 1995. He has provided distinctive executive coaching services focusing in global leadership and corporate transformation to ExxonMobil, HP, Suez, Schneider, Mahindra and Mahindra, Ingersoll-Rand and many other global leaders. Dr. William Davidson holds a Bachelors degree, an MBA and a Doctorate in Business Administration specializing in international management, all from Harvard University.

"The seminars are timely as Vietnam's economy continues to emerge as a global player after 2 years of becoming a WTO member. With the current financial trouble around the globe, more Vietnamese companies begin to realize the importance of the human factor in managing performance and strategic growth. HRCiti is fully committed to build a first rate work force and capable leaders with vision in Vietnam and thus we exemplify our commitment by featuring outstanding speaker like Bill Davidson," said Martin Doan, CEO of HRCiti remarks.

"We are very pleased to cooperate with HRCiti to organize this event. Their professionalism and commitment in building a high quality workforce is in line with our company's objective. We are looking forward for more collaboration in the future in terms of event sponsorship and organization," added Phong Trieu, CEO of MSV.

About HRCiti Corporation

HRCiti Corporation is a state-of-the-art Human Capital consulting firm with a focus in Vietnam market. The company offers customized executive training programs, executive MBAs, advanced certificate programs and HR consulting services tailored to multinational companies doing business in Vietnam and Vietnamese companies aiming to go global in the post WTO-era. Its executive team and partners include renowned academic figures and worldwide industry leaders associated with prominent universities and training institutions. HRCiti provides world-class professional and practical HR solutions in various instrumental areas needed in Vietnam today including executive coaching, international leadership, project management, finance and operations. For more information on HRCiti Corporation, please visit http://www.hrciti.com

About Providential Holdings

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A and consulting services, real estate development, mining and investing in special situations. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market to help Vietnamese companies go public and raise capital through the U.S. financial markets. The Company currently develops "Pointe 91," an upscale residential community and luxury resort in Chu Lai, central Vietnam. For more information, visit http://www.phiglobal.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.

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