Contact Information: John Nguyen Tel: 714-843-5460
Providential Holdings Reports Results of Annual Shareholder Meeting
| Source: Providential Holdings, Inc.
LOS ANGELES, CA--(Marketwire - April 13, 2009) - Providential Holdings, Inc. (OTCBB : PRVH )
(FRANKFURT : PR7 ) (WKN 935160), a company engaged in mergers and
acquisitions, real estate development, mining, and investing in special
situations, today reported results of the 2008 annual general meeting that
was held at the Company's headquarters in Huntington Beach, California on
Friday, April 10, 2009.
Of all the votes that voted regarding the matters raised in the proxy
statement: 1) Election of Tam T. Bui, Henry D. Fahman, Frank Hawkins,
Lawrence G. Olson, and Paul K. Nguyen as directors of the corporation until
the 2010 annual shareholder meeting:
99.84 % voted for, none voted against, and 0.16% abstained; 2) Amending the
Articles of Incorporation to change the corporate name to "PHI GROUP,
INC." and the par value of the corporation's common stock to $0.001:
96.38% voted for, 2.40% voted against, and 1.22% abstained; and 3)
Upgrading the listing of the Company's common stock to the NASDAQ Capital
Market or another senior exchange and authorizing the Board of Directors to
take the necessary steps as may be required to perform such listing,
including a reverse split of the corporation's common stock ONLY IF it
deems necessary, appropriate and beneficial to the shareholders of the
corporation: 99.47 % voted for, 1.53% voted against, and 0.00% abstained.
Management also presented the audited financial statements for the
preceding year, reviewed interim operating results and emphasized the
company's focus for the balance of 2009, which includes M&A and consulting
services, real estate development, and mining.
About Providential Holdings
Providential Holdings focuses on M&A and consulting services, real estate
development, mining and investing in special situations. The Company
assists companies to go public and raise capital, develops "Pointe 91," a
luxury resort and premium residential community in Chu Lai, central
Vietnam, (www.philandranch.com), and engages in mining in Southeast Asia
(www.phimining.com). The Company's main web site address is
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.