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Providential Holdings Gains 20% on 3X Average Volume After Announcements
Apr 2, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Providential Holdings (OTCBB: PRVH) gained 20% Thursday on volume of 2,021,147, almost three times its average volume of 775,992, to close at \$0.168, following announcements that CEO Henry Fahman has been selected as a Businessman of the Year, and that the company will receive a new order from Wal-Mart Stores Inc. (NYSE: WMT) for its flagship product, Gamego(TM).
Fahman was recognized by the National Republican Congressional Committee at a function in Washington attended by President George Bush and California Governor Arnold Schwarzenegger, among others.
Meanwhile, the company said that Wal-Mart has " confirmed that it is re-ordering ATC`s flagship product, Gamego, from ATC Technology Corp. Both Wal-Mart and ATC are pleased with the sales activities in the stores for Gamego. This re-order is a testimony to the product`s strength in the marketplace. In order to create even more awareness of this product, ATC will launch TV and print ad campaigns nationwide. The first state chosen is the home state of Gamego: Arizona. Once proven successful, the other states will immediately follow, eventually leading up to the busy Christmas gift-buying season."
Norm Klein, VP of Operations of ATC Technology Corp., stated, " After many months of hard work, first on the production and shipments of their first order, secondly on the post delivery support and thirdly on collecting and analyzing the data we have learned from the individual stores, I am very happy to report to our PRVH shareholders that Wal-Mart has confirmed to give us another purchase order for our Gamego product. For our flagship Gamego product, the real potential is just beginning to be realized. In order to reach this proven customer base of tens of millions of PS2, Xbox and Gamecube kids out there, we will reach them by the mass media. We are hopeful that our Gamego will become a household name soon."
Providential Holdings has re- enrolled in Investrend Research`s unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following.
On March 1, 2004, Investrend Research analyst Mohammad Sharifzadeh, MBA, CFA, rated the company a " Speculatie Buy / 4," saying the company had " managed to establish a diversified holding of businesses with qualified management,"
The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at www.investrendresearch.com
Investrend Research subscribes to the " Standards for Independent Research Providers" at www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (www.niri.org) and the Association for Investment Management and Research (www.aimr.org).
The Dow Jones (NYSE: DJ) Newswires has stated that independent research has been growing in credibility over the past 18 months, specifically citing Investrend Research, and the New York Times (NYSE: NYT) has reported a survey by Charles Schwab & Co. (NYSE: SCH) reveals an astonishing 78 percent of active stockholders now " value research from independent firms over analysis by Wall Street firms with financial ties to the companies they are rating." A survey at Investopedia reveals that 74.7% of investors say that " legitimate fee-based research is objective and useful," and 70.9% say that a company that enrolls for " legitimate fee-based research is making a positive statement about its investment potential."
Enrollment fees for Institutional coverage were \$23,400, and the fees were paid by the company. There is an open invoice which is being negotiated. There are never any fees associated with FinancialWire, which independently covers a wide range of corporate news, including but not limited to those that are or have been enrolled in Investrend`s platforms.
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Providential Holdings Signs Agreement to Take Vietnam-based Saplastic Public in the U.S.
Los Angeles, Calif. and Ho Chi Minh City, February 12, 2007 -- Providential Holdings, Inc. (OTC Bulletin Board: PRVH) (German Stock Exchanges: PR7, WKN 935160), a company providing international advisory services specializing in mergers and acquisition and investing in the rapidly growing economies in Vietnam and Asia, announced today a definitive agreement to take Saplastic Co., Ltd. public in the United States and arrange $5M to $10M to help implement Saplastic’s growth plan. Providential will receive stock from the new public company for its services.
Saplastic, certified under ISO-9001 and ISO-14001, is one of the fastest growing companies in Vietnam, specializing in the manufacturing and marketing of plastic packaging products for the Vietnamese and export markets. The company has a well-diversified client base and is recognized as an excellent brand name in Vietnam, which can be viewed at http://www.thuonghieuviet.com.vn/Vietnam/index.php?cmd=brand&cate=8. The company plans to increase new product lines and, with funding, execute a rollup strategy to consolidate selective targets and become a $100 million company during the next three to five years.
Saplastic CEO Thai Q. Duong said, “This is indeed a major milestone for our company. We believe by listing our stock on a U.S. exchange, Saplastic will gain greater visibility, enhanced liquidity, and a higher valuation, which will enable us to raise the required capital to take our company to the next level.”
Chairman and CEO Henry Fahman said, “We are pleased to seal the agreement with Saplastic as planned. We believe Saplastic is well positioned to create tremendous value for shareholders of both companies when it becomes a fully-reporting publicly traded company in the U.S.”
About Saplastic
Saplastic, the short name for Saigon Plastic Packaging Co., Ltd., specializes in the manufacturing and marketing of high-quality plastic packaging products, including flexible packaging, calendars, lottery tickets, corrugated boxes, cardboard boxes, brochures, leaflets, posters, greeting cards, etc., serving a wide spectrum of industries in Vietnam and the export markets. The company was certified under ISO-9001 in 2000 and ISO-14001 in 2004 for its high-quality products and environmental control.
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 independent energy. The company acquires and consolidates special opportunities in selective high-growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies. For more information on Providential Holdings and its subsidiaries, 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 a leading U.S. investment-banking firm 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/prvhprofile.aspx.
For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com
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Providential Holdings Reports Q3 FY '07 Financial Results
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM -- (MARKET WIRE) -- 05/21/07 --
Providential Holdings, Inc. (PRVH - news) (German Stock Exchanges: PR7, WKN 935160), a company investing in the rapidly growing economies in Vietnam and Asia, today reported its financial results for the third quarter ended March 31, 2007.
The company reported revenues of $2.5 million in fees from consulting and advisory services for the quarter, as compared with total revenues of $127,100 for the same period last year. The increase in revenues during the current quarter is attributed to merger advisory services Providential provided.
Net income for the quarter was $2.3 million or $0.01 earnings per share, compared to a net loss of $186,049 or $0.00 earnings per share in Q3 '06. The increase in net income is primarily due to a $2.4 million increase in consulting income and a $103,043 increase in other income for the quarter. Total operating expenses were $216,189 in Q3 '07, compared to $243,132 in Q3 '06.
Providential Chairman and CEO Henry Fahman said, "This is an exciting time for Providential as the rapid and consistent growth of the Vietnamese economy has increased the need for consulting and advisory services, such as those Providential offers. We strengthened our balance sheets, increasing our total assets from $2.9 million in the second quarter to $6.7 million. We reduced total liabilities from $4.2 million in the second quarter to $3.9 million in the third quarter.
"During the third quarter, Providential's subsidiary, Providential Capital, launched a US $100 million private equity fund to finance Vietnamese companies seeking to go public in Vietnam and the U.S., including state-owned enterprises that are being privatized.
"In addition, the company recently signed an agreement with the People's Committee of Quang Nam Province and brought in an expert architectural design team to study and establish a master plan for the development of a 5,000-hectare area (about 12,500 acres) of South Hoi An, which will include facilities and services in the support of tourism, recreation, wellness, education, culture, spirituality, shopping, multi-grade housing, conventions, dining and finance. This project is adjacent to the one undertaken by Dubai Holding (www.dubaiholding.com).
"With connections and expertise in both local and international capital markets, Providential has become the preferred partner of many high quality companies looking for growth acceleration and will continue to focus on areas that potentially create superior value for our partners, shareholders and investors."
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 investments in the rapidly growing economies in Vietnam and Asia. For more information on Providential Holdings and its subsidiaries, 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 several leading U.S. investment banking firms, to help Vietnamese companies go public and raise capital through the U.S. financial markets.
For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. To receive free e-mail notification of future press releases for Providential, sign up at http://www.hawkassociates.com/email.aspx.
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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Investor Relations Contact:
Hawk Associates, Inc.
Frank Hawkins or Julie Marshall
Phone: (305) 451-1888
E-mail: Email Contact
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Providential Holdings Reports Q3 FY '07 Financial Results
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM -- (MARKET WIRE) -- 05/21/07 --
Providential Holdings, Inc. (PRVH - news) (German Stock Exchanges: PR7, WKN 935160), a company investing in the rapidly growing economies in Vietnam and Asia, today reported its financial results for the third quarter ended March 31, 2007.
The company reported revenues of $2.5 million in fees from consulting and advisory services for the quarter, as compared with total revenues of $127,100 for the same period last year. The increase in revenues during the current quarter is attributed to merger advisory services Providential provided.
Net income for the quarter was $2.3 million or $0.01 earnings per share, compared to a net loss of $186,049 or $0.00 earnings per share in Q3 '06. The increase in net income is primarily due to a $2.4 million increase in consulting income and a $103,043 increase in other income for the quarter. Total operating expenses were $216,189 in Q3 '07, compared to $243,132 in Q3 '06.
Providential Chairman and CEO Henry Fahman said, "This is an exciting time for Providential as the rapid and consistent growth of the Vietnamese economy has increased the need for consulting and advisory services, such as those Providential offers. We strengthened our balance sheets, increasing our total assets from $2.9 million in the second quarter to $6.7 million. We reduced total liabilities from $4.2 million in the second quarter to $3.9 million in the third quarter.
"During the third quarter, Providential's subsidiary, Providential Capital, launched a US $100 million private equity fund to finance Vietnamese companies seeking to go public in Vietnam and the U.S., including state-owned enterprises that are being privatized.
"In addition, the company recently signed an agreement with the People's Committee of Quang Nam Province and brought in an expert architectural design team to study and establish a master plan for the development of a 5,000-hectare area (about 12,500 acres) of South Hoi An, which will include facilities and services in the support of tourism, recreation, wellness, education, culture, spirituality, shopping, multi-grade housing, conventions, dining and finance. This project is adjacent to the one undertaken by Dubai Holding (www.dubaiholding.com).
"With connections and expertise in both local and international capital markets, Providential has become the preferred partner of many high quality companies looking for growth acceleration and will continue to focus on areas that potentially create superior value for our partners, shareholders and investors."
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 investments in the rapidly growing economies in Vietnam and Asia. For more information on Providential Holdings and its subsidiaries, 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 several leading U.S. investment banking firms, to help Vietnamese companies go public and raise capital through the U.S. financial markets.
For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. To receive free e-mail notification of future press releases for Providential, sign up at http://www.hawkassociates.com/email.aspx.
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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Investor Relations Contact:
Hawk Associates, Inc.
Frank Hawkins or Julie Marshall
Phone: (305) 451-1888
E-mail: Email Contact
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PRVH, a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, today announced that it has signed a cooperation agreement with Center of Credit & Investment Cooperation LTD ("CCIC"), a Russian conglomerate primarily engaged in energy, construction, and trade of oil products and metals. Under the terms of the agreement, Providential and CCIC will set up joint ventures to pursue a commodity trading business, an oil refinery business, and an asset placement enterprise. The agreement is effective immediately.
For the first stage of this agreement, Providential has incorporated RANCOR TRADING GROUP, INC., a fifty-one-percent-owned subsidiary of Providential Holdings, as a new trading division under the management of Horace Horumba, Peter Bendheim and with the assistance of A.I. Sokolov, chairman of CCIC.
Henry Fahman, CEO of Providential Holdings, said, "This marks the first time that Providential does business in Russia. The Russian oil and gas market is one of the largest in the world, and with the high global demand for energy this market can only increase. With this agreement, we further our activities in the oil and gas arena and stand to benefit from other business opportunities as they arise."
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PRVH, a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, today announced that it has signed a cooperation agreement with Center of Credit & Investment Cooperation LTD ("CCIC"), a Russian conglomerate primarily engaged in energy, construction, and trade of oil products and metals. Under the terms of the agreement, Providential and CCIC will set up joint ventures to pursue a commodity trading business, an oil refinery business, and an asset placement enterprise. The agreement is effective immediately.
For the first stage of this agreement, Providential has incorporated RANCOR TRADING GROUP, INC., a fifty-one-percent-owned subsidiary of Providential Holdings, as a new trading division under the management of Horace Horumba, Peter Bendheim and with the assistance of A.I. Sokolov, chairman of CCIC.
Henry Fahman, CEO of Providential Holdings, said, "This marks the first time that Providential does business in Russia. The Russian oil and gas market is one of the largest in the world, and with the high global demand for energy this market can only increase. With this agreement, we further our activities in the oil and gas arena and stand to benefit from other business opportunities as they arise."
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Henry befindet sich noch in Vietnam, bis vorraussichtlich mittwoch oder Donnerstag... wie er einen Flug bekommt!
es stehen sehr bald updates an....
ist mit einen großen Fond und Nasdaq Leuten unterwegs in Vietnam...
PS: nächste woche vielleicht der deal mit den russen...( 5- 10 Tage...)
ende nächste woche spätestens anfang übernächste woche muß sollte es soweit sein..
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Tuesday March 11, 11:15 am ET
LOS ANGELES, CA and HANOI, VIETNAM--(MARKET WIRE)--Mar 11, 2008 -- Providential Holdings, Inc. (OTC BB RVH.OB - News), a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, today announced that it has signed a consulting agreement with ATI Group (ATI) to assist the company, its subsidiaries and affiliates with public listings in the U.S. markets. Providential will also arrange funding and provide consulting services in the areas of public relations, investor relations, management consulting, strategic alliances, and other matters or special projects. ATI Group is engaged in nuclear energy services, oil and gas exploration, aquaculture, and resorts. American Technologies, Inc., the group's nuclear energy services division, is operating in the United States and currently assisting Vietnam in building the country's first nuclear power plant, one of the most technologically advanced in Asia.
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Chairman and Chief Executive Officer of ATI, Huu D. Dinh, Ph.D., said, "Securing a public listing in the United States is crucial to implement ATI's growth plans. The nuclear energy field in which ATI operates is growing rapidly under strong demand for clean energy. At the same time, with additional funding the company will continue to explore for oil and gas from its allotted blocks in Vietnam and accelerate its production plan as well as furthering its resort and real estate development business."
Henry Fahman, CEO of Providential Holdings, commented, "ATI's growing market space and impressive client roster have driven its success in the nuclear power arena. We believe a public listing in the U.S. will provide enhanced liquidity and better access to the capital markets for ATI to fuel growth across all its divisions. This recent agreement illustrates Providential's ability to increase our deal flow and to expand our client base."
About ATI Group
ATI Group consists of interrelated but independent companies providing innovative technologies and services worldwide to governments and industries including oil and gas exploration, aquaculture, resort and real estate development. Through American Technologies, Inc., ATI Group provides a complete range of nuclear engineering, environmental and technical services to commercial and governmental clients across the United States, Eastern Europe and Southeastern Asia. The company has undertaken over 100 nuclear energy projects with the Department of Energy in the U.S., major U.S. nuclear energy corporations and other countries. ATI serves a wide range of government and commercial clients, including the Bulgarian electrical power industry, the U.S. Department of Energy, Department of Defense, NASA, Lockheed Martin, Bechtel, Westinghouse, and Mobil. Recently, ATI has won major technical and management contracts over billion USD from Department of Defense. For more information, visit http://www.atincorporated.com.
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Tuesday March 11, 11:15 am ET
LOS ANGELES, CA and HANOI, VIETNAM--(MARKET WIRE)--Mar 11, 2008 -- Providential Holdings, Inc. (OTC BB RVH.OB - News), a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, today announced that it has signed a consulting agreement with ATI Group (ATI) to assist the company, its subsidiaries and affiliates with public listings in the U.S. markets. Providential will also arrange funding and provide consulting services in the areas of public relations, investor relations, management consulting, strategic alliances, and other matters or special projects. ATI Group is engaged in nuclear energy services, oil and gas exploration, aquaculture, and resorts. American Technologies, Inc., the group's nuclear energy services division, is operating in the United States and currently assisting Vietnam in building the country's first nuclear power plant, one of the most technologically advanced in Asia.
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Chairman and Chief Executive Officer of ATI, Huu D. Dinh, Ph.D., said, "Securing a public listing in the United States is crucial to implement ATI's growth plans. The nuclear energy field in which ATI operates is growing rapidly under strong demand for clean energy. At the same time, with additional funding the company will continue to explore for oil and gas from its allotted blocks in Vietnam and accelerate its production plan as well as furthering its resort and real estate development business."
Henry Fahman, CEO of Providential Holdings, commented, "ATI's growing market space and impressive client roster have driven its success in the nuclear power arena. We believe a public listing in the U.S. will provide enhanced liquidity and better access to the capital markets for ATI to fuel growth across all its divisions. This recent agreement illustrates Providential's ability to increase our deal flow and to expand our client base."
About ATI Group
ATI Group consists of interrelated but independent companies providing innovative technologies and services worldwide to governments and industries including oil and gas exploration, aquaculture, resort and real estate development. Through American Technologies, Inc., ATI Group provides a complete range of nuclear engineering, environmental and technical services to commercial and governmental clients across the United States, Eastern Europe and Southeastern Asia. The company has undertaken over 100 nuclear energy projects with the Department of Energy in the U.S., major U.S. nuclear energy corporations and other countries. ATI serves a wide range of government and commercial clients, including the Bulgarian electrical power industry, the U.S. Department of Energy, Department of Defense, NASA, Lockheed Martin, Bechtel, Westinghouse, and Mobil. Recently, ATI has won major technical and management contracts over billion USD from Department of Defense. For more information, visit http://www.atincorporated.com.
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LOS ANGELES and HO CHI MINH CITY, Vietnam, Oct 01, 2008 /PRNewswire-FirstCall via COMTEX/ -- Providential Holdings, Inc. (PRVH:providential holdings inc com
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PRVH 0.03, +0.00, +16.7%) (Frankfurt: PR7.F), a company engaged in mergers and acquisitions, energy and resources, real estate development and investing in special opportunities, today announced the new trading symbol for Vietnam United Steel Corporation. After the merger between Vietnam-based Nam Kim Joint Stock Co. ("NAKISCO") and Sanitary Environmental Monitoring Labs, Inc., formerly known as SemcoLabs, the combined company has changed its name to Vietnam United Steel Corporation and begins trading under the new symbol VUSC.PK (Pink Sheets: VUSC) effective October 1, 2008.
As part of the M&A consulting service provided during the quarter ended September 30, 2008, Providential Holdings currently owns approximately 10% of 35,000,000 total issued and outstanding shares of VUSC.
VUSC is in the process of completing the audits of its financial statements to upgrade to the OTCBB. The company also plans to move to a senior exchange such as NASDAQ or AMEX in the near future.
NAKISCO's unaudited net revenues last year totaled approximately $24.5 million, with total assets listed at $19 million. The company expects a 42% revenue growth in 2008.
About Vietnam United Steel Corporation
Vietnam United Steel Corporation currently owns 99% of Nam Kim Steel Joint Stock Company which specializes in manufacturing and distributing galvanized steel and color coated steel sheets. The Company's product lines are widely applied in the field of industrial and civil construction, interior-exterior decoration and handicraft goods. http://www.nakisco.com.
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are real estate development in Chu Lai, Vietnam, M&A advisory services, and mining. As part of its activities in Vietnam, Providential hosts seminars in conjunction with the Nasdaq Stock Market to help Vietnamese companies raise capital through the U.S. financial markets. http://www.phiglobal.com.
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Wednesday October 15, 9:00 am ET
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(MARKET WIRE)--Oct 15, 2008 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News) (Frankfurt:PR7.F - News) (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 in the fiscal year ended June 30, 2008, the company earned $2,359,282 or $0.01 EPS, compared with net income of $34,304 or $0.00 EPS in fiscal 2007. The company generated $3,609,318 from consulting and advisory services in fiscal 2008 compared with $3,572,347 for the year ended June 30, 2007.
Providential Chairman and CEO Henry Fahman said, "Although the global financial crises during the course of the year have adversely impacted some of our plans, our M&A and consulting services have continued to generate increased revenues and profits for the company as more Vietnamese companies look to go public and raise capital through international markets. We have made steady progress with our Pointe 91 real estate development project (www.philandcorp.com) and also laid a firm foundation for the advancement of our other initiatives."
"As a result, we believe fiscal year 2009 and beyond will witness a period of exceptional growth and value creating for our shareholders," Fahman added.
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