Providential Subsidiary Launches Oil and Gas Operations LOS ANGELES
Providential Holdings, Inc. Henry Fahman, 714-843-5450 ext. 5455 info@phiglobal.com www.phiglobal.com or OTC Financial Network Rick McCaffrey, 781-444-6100 ext. 625 (IR) rick@otcfn.com www.otcfn.com/prvh
Providential Holdings, Inc. (OTCBB:PRVH) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced today that Providential Oil & Gas, Inc., which was established in 2003 as a wholly-owned subsidiary of the Company, is launching operations and has begun negotiating certain oil lease properties in the United States.
Henry Fahman, Chairman and CEO of Providential Holdings, stated, "Providential Oil & Gas is moving quickly to first launch its operations in the US and is investigating other opportunities in Vietnam and China. Petrochemicals represent a $162 billion industry in North America. The cost of oil and gas continues to rise while the pressure to find additional resources is mounting. Providential Oil & Gas stands to provide additional resources to the U.S. and Asia, while creating a unique market opportunity for the Company and its investors to benefit from a bullish worldwide energy market."
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, precision cutting tools, and international markets. 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. URL:www.phiglobal.com
About Providential Oil & Gas, Inc.
Providential Oil & Gas, a wholly-owned subsidiary of Providential Holdings, Inc., aims to become a premier independent oil and gas company by building a diversified portfolio of high value oil and gas assets in North America and other selective regions of the world. URL: www.prooilandgas.com
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.
bringer war es nicht gerade....es fehlt ne meldung die man vollzug ...bzw. abgeschlossen enthält!!! die woche kommen ja noch 1 -2 news..hoff mal da ist mehr dahinter...
Providential Holdings Subsidiary to Serve as a Holding Company for Post- Secondary Education Facilities
LOS ANGELES, April 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Providential Holdings, Inc. (PRVH) , a provider of international advisory services specializing in mergers and acquisitions, announced today that its wholly owned subsidiary, American International University, has officially changed its name to Advantage Education Group.
Henry Fahman, Chairman and CEO of Providential Holdings, stated, "Advantage Education Group will serve as a holding company for educational institutions that offer undergraduate and graduate programs in the US and abroad. We believe there are great opportunities in the for-profit education sector, thanks to the advent of the Internet, which makes on-line learning a way of life. Also with rising ambition levels prompting many US workers to go back to school to enhance their skills and the ever-growing international student populations who wish to have an American degree, we expect education demand to remain strong in the future."
About Providential Holdings, Inc.
Providential Holdings (http://www.phiglobal.com) and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services, precision cutting tools, and international markets. 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.
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.
For more information, contact: OTC Financial Network Providential Holdings, Inc. Rick McCaffrey, Investor Relations Henry Fahman 781-444-6100 x625 714-843-5450 x 5455 rick@otcfn.com info@phiglobal.com http://www.otcfn.com/prvhhttp://www.phiglobal.com
seit ich den Titel verfolge tut sich nach einer News so gut wie garnichts. Muss aber ehrlich gestehen, dass die News mit dem Ölgeschäft nicht schlecht klingen, aber das Vertrauen bei PRVH ist bei mir einfach weg, wenn überhaupt, dann nur Zockerposition.