Providential Holdings Announces Annual Shareholder Meeting

LOS ANGELES, CA and HANOI, VIETNAM--(Marketwire - November 10, 2008) - Providential Holdings, Inc. (OTCBB: PRVH) (FRANKFURT: PR7) (WKN 935160), a company engaged in mergers and acquisitions, consulting and advisory services, real estate development, mining, and investing in special situations, today announced that the annual meeting of the corporation for the year 2008 will be held on December 08, 2008, at 02 o'clock P.M., Pacific Standard Time, at its principal offices located at 17011 Beach Blvd., Huntington Beach, CA 92647, U.S.A.

The purposes of the annual meeting will include: (1) electing the Board of Directors, (2) reviewing the activities of the corporation for the preceding year, (3) considering and amending the Articles of Incorporation to change the corporate name and capital structure, (4) considering and preparing for the listing of the Company's common stock on the NASDAQ Stock Market in the near future, and (5) transacting such other business that may properly come before the meeting.

The Board of Directors of the Company have set November 17, 2008 as the record date for the above-mentioned annual shareholder meeting.

Henry Fahman, Chairman and CEO of Providential Holdings, Inc., commented: "We look forward to not only sharing our efforts and accomplishments of the past but also addressing the current opportunities and challenges and how we may continue creating value for our shareholders in the future. More importantly, we want to have meaningful dialogues with shareholders to gain firsthand inputs and recommendations that may help make our Company a big winner for all our stakeholders."

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. Web site: www.phiglobal.com.

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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: Henry Fahman Tel: 714-843-5455 Email: