PRVH - Gewinner - Tread - 2005
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LOS ANGELES--(BUSINESS WIRE)--Aug. 18, 2005--Providential Holdings, Inc. (PRVH - news) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced that the Company has signed an agreement with Sanatex, Inc., a California corporation with 238,000 square-foot manufacturing facilities in Egypt, to assist Sanatex in becoming a fully reporting publicly traded company and raising capital from institutional investors in the U.S. to further its growth.
According to the agreement, Providential will receive a combination of cash and stock from Sanatex as compensation for its consulting services.
Sanatex is engaged in the manufacturing of clothes and packaging materials, dyeing, and finishing for the apparel and fashion industries. With manufacturing facilities situated in the Private Free Zones in Kalubeia, Egypt, Sanatex enjoys exemption from tariffs on finished goods shipped to the U.S. The Company's revenues for Fiscal Year 2004 were about $15 million and it has been consistently profitable.
Hassanein M. Hassanein, Chief Executive Officer of Sanatex, Inc., stated: "We manufacture quality apparel goods in Taiwan, China, and Egypt for Target, Kohl's, Sears and Wal-Mart. After 18 years of success in this market, we are now poised to expand our services in the U.S. by providing our customers with product development and design fashions for the private label market. Our business fundamentals, of marketing a fashion product at a competitive price during this business cycle, will create years of steady growth and added value for our shareholders."
Henry Fahman, Chairman of Providential Holdings, concurred: "We look forward to assisting Sanatex's management to execute their growth strategy and are confident that with our background experience, resources and contacts, we will be able to help increase shareholder value for both companies."
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, industrial 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. For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.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.
Contact: Providential Holdings, Inc.Henry Fahman, 714-843-5455henry@phiglobal.comorSanatex, Inc.Hassanein M. Hassanein, 310-637-5500hmh@sanatexgroup.com
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Nettel Holdings Reports Outstanding Steady Increases in All Sales Divisions
PORTLAND, OR -- (MARKET WIRE) -- 08/19/05 -- Nettel Holdings, Inc. (OTC BB: NTTL), Berlin and Frankfurt Stock Exchanges (NT7, WKN 727487) Reports Outstanding Steady Increases in all Sales Divisions.
Revenue and earnings continue to increase to record levels. First quarter revenue was $300,000, second quarter revenue expanded to $531,000. In July an additional $1.5 million dollars was generated.
In addition, so far for the month of August, Nettel has generated over $1.5 million thru August 15th, and is now averaging more than $100,000 per day in revenue. This exceeds our projections that we made in July that we would reach $100,000 by August 31st. Profit margins have also been higher than anticipated, averaging 10 - 12%.
Nettel has achieved tremendous growth for the past 5 months and we expect to see similar gains from now on. We will also be ramping up some of our other divisions by the end of the 4th quarter which will add substantial revenue and earnings to Nettel's bottom line.
Steady clients and their existing customer base have enabled us to tackle and fill ongoing orders smoothly and with the top priority they deserve to be shown.
Judging by the overwhelming positive responses and new customer referrals we've been daily receiving, we are continually expanding, upgrading or devising new ways to keep up with our commitments. There's no slowing down, so we just have to meet these challenges in positive ways that bring results to our clients as quickly as possible. Nettel won't rush something through by skimping on quality, however, and we feel that everyone is quite satisfied knowing our efforts in all areas bring the required balance.
Expanding our desire to supply VoIP telecommunication for everyone's sake is our fondest wish, and we sure appreciate the help given by our loyal stockholders -- who are the backbone of our various business endeavors.
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ich bin auch schon über ein jahr in prvh investiert und henry hat einige tolle news versprochen die leider nicht so toll waren bzw. seht euch den kursverlauf an, der spricht ja bände.
sollte sich hier noch mal etws tun, sprich der tulon deal kommen hätte ich wieder etwas hoffnung, aber so leider nicht !
lg,
sxs
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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 that the Company has signed Memoranda of
Understanding with two major Vietnamese conglomerates to cooperate and
assist in the privatization and recapitalization of select State-Owned
Enterprises (SOE's) and other projects in Vietnam.
According to the agreements, Providential Holdings will work
closely with these companies to plan, structure, and execute the
imminent privatization and recapitalization program for selected SOE's
as required by the Vietnamese government in wake of her preparation to
join the WTO. Providential will provide advisory services to target
SOE's, make direct investments into select projects as appropriate,
and assist these enterprises and their clients to become fully
reporting publicly traded companies in the U.S., obtain dual listings
in Europe if necessary, and access international institutional funding
to implement their business plan and increase shareholder value for
all the parties involved.
Henry Fahman, Chairman of Providential Holdings, stated: " As
Vietnam moves ahead to complete the equitization of about 5,000 SOE's
and gets ready to join the WTO, we are very excited to participate in
this unprecedented opportunity and work with our new partners in this
nationwide restructuring and recapitalization program. With our
background experience, resources and contacts, Providential is well
equipped to assist Vietnam's SOE's in their strategic path of
unlocking value and repositioning for future growth."
Providential Holdings expects to bring significant added value to
these enterprises and also greatly benefit from this program for
several years to come.
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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 its majority-owned subsidiary
Touchlink Communications, Inc. has terminated the previously announced
letter of intent with Eye Telecom, Inc., and has entered into a
business partnering agreement with Fareast Connect, Inc., a California
corporation.
According to the agreement, Fareast Connect will invest an amount
of cash equivalent to 49% of Touchlink's fully-funded operating budget
in exchange for 49% of Touchlink common stock. In addition, Touchlink
will serve as the most-favored service provider for Fareast Connect,
which currently operates in the area of wholesale phone cards. Since
Fareast Connect's current monthly revenues are in excess of $1.5
million, Touchlink's total revenues are expected to exceed $2.5
million per month after the first six months of cooperation.
Touchlink's Board of Directors has also appointed Don Tran, Eye
Telecom's former Vice President and Chief Technology Officer, as its
new President and CEO.
Nancy Tran, President of Fareast Connect, commented: " We are very
pleased to partner with Touchlink Communications and Providential
Holdings. From a strong base Fareast Connect has built over the years,
we will be able to capitalize on the combined resources and expertise
to grow Touchlink to new heights and create greater value for
shareholders of both companies."
Don Tran, the incoming President of Touchlink Communications,
stated: " We will utilize the latest technologies and a Tier-One
carrier's service quality to serve our customers and provide the
telecommunication industry with the highest standards in services,
products, and exceptional customer service."
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Providential Holdings Subsidiary ATC Technology Reorganized to Improve Financials Prior to Imminent Listing
Providential Holdings, Inc. (OTC BB: PRVH) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, today announced that its subsidiary ATC Technology Corp has completed a debt for equity exchange among Providential Holdings (" PRVH" ), ATC and its creditors.
The transaction called for the notes and debts among the original owners and management of ATC Technology, PRVH, and ATC Technology as a corporate entity, to be entirely cancelled and forgiven. In exchange, Providential returned 70,000,000 shares of common stock of ATC to the original owners and ATC's treasury.
Following this transaction, PRVH owns 10,000,000 shares of ATC while its shareholders own about 20,000,000 shares of ATC common stock as result of an earlier stock dividend distribution. ATC was able to write off more than $1.5 million of debts and payables from its balance sheet and Providential was able to cancel certain notes and liabilities owed to ATC's original owners. ATC's balance sheet now has a small current liability. It gives ATC's management a very strong position to launch its new partnerships, joint ventures and marketing services in China.
With this restructuring PRVH and its shareholders have retained over 30% of the new ATC's stock ownership and at the same time empowered ATC's management to unlock its potential to create value for ATC, PRVH, and its shareholders. This reorganization is expected to greatly benefit all the parties involved.
Because of the hardware price war between the video game titans, the gaming accessories' pricing will continue to be depressed in the foreseeable future. ATC has already changed its main business from the hyper-competitive consumer video electronics to financial services in China. Led by its president and CEO, Keith Wong, and COO, Norm Klein, the new ATC business model will instead concentrate on partnerships, joint ventures and marketing services with and for those medium-sized Chinese industrial companies. ATC's new strength is in its management's ability to seek, consummate and follow through transactions in China. Keith Wong has more than fifteen years of transactional business experience with Chinese enterprises in purchase order, work contract and partnership deal negotiations. Keith Wong also has an extensive working knowledge of the Chinese private enterprises and their business culture.
ATC expects to file a registration statement with the SEC for a public listing of its common stock no later than September 30, 2005, and will update shareholders on the progress with its new Chinese partnerships through other news releases in the near future.
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Friday August 26, 5:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Aug 26, 2005 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced that the Company has signed a Memorandum of Agreement with Intimex Import-Export Corporation, a company under Vietnam's Ministry of Trade, to assist Intimex and its subsidiaries in their privatization and recapitalization plan.
According to the agreement, Providential Holdings will assist Intimex and its subsidiaries to become fully reporting publicly traded companies in the US stock market, access institutional funding in the US, and consider potential merger and acquisition opportunities in Vietnam and abroad.
Intimex Import-Export Corporation, with annual revenues in excess of $US 250 million, was established in 1979 as an arm of Vietnam's Ministry of Trade to promote trade between Vietnam and the world. Besides its main activity in domestic and foreign trade, Intimex also specializes in food processing, manufacturing, tourism and distribution services. Further information about Intimex can be found at www.intimexco.com
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Anh Vu, General Director of Intimex, stated: " We are eager to work with Providential Holdings to complete the imminent privatization and recapitalization program for Intimex and our subsidiary companies. We are also confident in the opportunity to increase value for Intimex by listing our shares in the U.S. and tapping international institutional funding to further our future growth."
Henry Fahman, Chairman of Providential Holdings, concurred: " We look forward to assisting Intimex's management in their worthy pursuit and are convinced that we will be able to help create significant value for both companies." Fahman added: " In wake of Vietnam's joining the WTO and the privatization of her State-Owned Enterprises, those companies in Vietnam that are able to avail themselves of the U.S. and international capital markets will undoubtedly have an added advantage as they compete with other international players in their respective product and service markets."
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Providential Holdings, Inc. (OTC BB: PRVH) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced that the Company has signed a term sheet with an institutional investor for a $5 million funding.
The Company intends to use the proceeds from this financing for closing the acquisition of Tulon Pacific, for funding two other projects and for short-term working capital. The Company believes this is the beginning of a long-term relationship and expects to work closely with this institutional investor and its family of funds to meet other financing needs of the Company's clients, including funding for mergers and acquisitions, recapitalization, and equitization for both U.S. and international companies.
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, industrial 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. For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.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.
Source: Market Wire (August 29, 2005 - 2:30 AM EDT)
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5.5 million shares of Jeantex that closed at $1.25 American dollars that equates to 6.875 milllion dollars.
Owns 2.2 million shares of NETtel trading at 0.20 which equates to $440,000.00.. about to double its value within the next four days.
Institutional funding of 5 million dolars for working devices.
Approximatly 2 million share of Bio-Warm trading at 0.05 cents that equates to $100,000.00
Touchlink that will merge with FarEast Connect Inc., gaiing 1,000,000.00 .....................................
Henry has just added 13,000,000.00 dollars to shareholder value, and it is going upward in value.
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Providential Holdings to Hold More Seminars for Vietnamese Companies on Going Public and Raising Capital in the U.S.
Providential Holdings, Inc. (OTC BB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, will hold a series of seminars in Ha Noi, Ho Chi Minh City, Da Nang, and Can Tho, Vietnam, during the weeks of October 3-14, 2005, to assist Vietnamese companies in going public and raising capital through the U.S. capital market.
These seminars, sponsored by the Vietnamese Chamber of Commerce and Industry, will help Vietnamese companies understand the essentials of going public and raising capital through the US stock markets, including listing requirements for various US exchanges, initial public offerings, spin-offs, mergers, reverse mergers, secondary offerings, and private investment in public equity (PIPE).
These events are expected to draw several hundred prominent Vietnamese companies, both private on state-owned, which are interested in tapping international funding for further growth.
Henry Fahman, chairman of Providential Holdings, stated, " As Vietnam continues to privatize several thousand of her State-Owned Enterprises and prepares to join the WTO, this is an unprecedented opportunity for U.S. firms to participate in this vibrant market and for Vietnamese companies to access foreign funding to further their growth."
Private equity firms, underwriters, mutual funds, auditing firms, transactional attorneys, and investor relations firms are encouraged to participate by contacting Providential Holdings at info@phiglobal.com.
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Providential Holdings, Inc. (OTC BB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced today that its majority-owned subsidiary, Irvine College of Medical Sciences, has completed a corporate restructuring and is ready to distribute the previously declared special dividend to the Company's shareholders.
Irvine College of Medical Sciences will distribute 15% of its common stock on a pro-rata basis to PRVH shareholders of record as of May 6, 2005. These dividend shares will be mailed directly to the Company's shareholders who held physical PRVH certificates or sent to the Depository Trust Company for redistribution to brokerage firms for those who held PRVH shares in street name. The new payment date will be September 30, 2005, without any action being necessary on the part of the shareholders of record.
As part of the recent corporate restructuring, Irvine College has set up a new wholly owned subsidiary, Radiology College of America, Inc., a California corporation, which has been granted license by the California Bureau for Private Postsecondary and Vocational Education (BPPVE) to provide 19 programs, including: Ultrasound and Vascular Technology, Diagnostic Medical Sonography, Magnetic Resonance Imaging Technologist, Medical Assistant, Pharmacy Technician, X-ray Technician Limited Permit, Pharmaceutical Sales Professional, Echo Cardiography and Cardiovascular Technology, Medical Office Management, Professional Child Care, 3-D Animation, and Computers in Motion Picture Industry. In addition, Irvine College is in the process of obtaining a license from BPPVE to focus on short-course corporate training.
Irvine College will promptly register the dividend shares to provide liquidity for the Company's shareholders and use the new public company as a platform to grow its business, acquire other independent education companies, and establish strategic alliances with overseas institutions to take the company to the next level.
Henry Fahman, chairman of Providential Holdings, commented, "We sincerely apologize to our shareholders for the delay in the distribution of the Irvine College stock dividends. However, we believe the recent reorganization will broaden our scope and enable us to capture more business opportunities both in the US and overseas in the near future."
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 and investments in 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.
Source: Market Wire (September 19, 2005 - 2:00 AM EDT)
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ralph kabot :: zeitgeist :: mediengestalt
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Providential Holdings, Inc. (OTC BB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, today confirmed schedules for upcoming seminars to help Vietnamese companies go public and raise capital through the U.S. financial markets.
The venues for these seminars will be as follows:
1. Ho Chi Minh City:
09:00 - 11:30 AM, October 4, 2005
87 Tran Quoc Thao Avenue, District 3, Ho Chi Minh City, Vietnam
2. Ha Noi:
09:00 - 11:30 AM, October 6, 2005
7th Floor, World Trade Center
Vietnamese Chamber of Commerce and Industry
9 Dao Duy Anh Street, Ha Noi, Vietnam
3. Da Nang:
09:00 - 11:30 AM, October 10, 2005
Daesco Hotel
155 Tran Phu Ave., 9th Floor
Da Nang City, Vietnam
4. Can Tho:
09:00 - 11:30 AM, October 12, 2005
Auditorium, Golf Hotel
2 Hai Ba Trung Avenue
Ninh Kieu District, Can Tho City, Vietnam
These seminars will be held in conjunction with the Vietnamese Chamber of Commerce and Industry to help Vietnamese companies understand the essentials of going public and raising capital through the US capital markets, including an overview of the US stock markets, listing requirements for various US exchanges, initial public offerings, spin-offs, reverse mergers, secondary offerings, dual listings, and private investments in public equity (PIPE).
It is expected that a total of 400-600 prominent Vietnamese companies, both private and state-owned, will participate in these events and learn how to take advantage of the US capital markets in order to grow their business.
Henry Fahman, chairman of Providential Holdings, commented, "Instead of waiting for foreign companies to bring in investment dollars, Vietnamese companies can take a more proactive approach by tapping foreign capital markets themselves to further their growth and compete with other international players." Fahman reiterated: "As Vietnam prepares to join the WTO and continues to privatize several thousand of her State-Owned Enterprises, this is an unprecedented opportunity for U.S. institutional investors to participate in this fast-growing market."
Institutional investors, underwriters, and service providers such as auditing firms, transactional attorneys, and investor relations firms interested in participating in these events may contact Providential Holdings at info@phiglobal.com.
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 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. For more information on Providential Holdings and its subsidiaries, 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.
Source: Market Wire (September 21, 2005 - 2:00 AM EDT)
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Providential Holdings, Inc. (OTC BB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced today that its majority-owned subsidiary Irvine College of Medical Sciences has completed the distribution of a previously declared dividend to the Company's shareholders.
Irvine College of Medical Sciences has distributed 15% of its common stock on a pro-rata basis to PRVH shareholders of record as of May 6, 2005. Each shareholder of record receives 1 share of Irvine College common stock for every 39.775 shares of Providential Holdings. These dividend shares were mailed directly to the Company's shareholders who held physical PRVH certificates or sent to the Depository Trust Company for redistribution to brokerage firms for those who held PRVH shares in street name, without any action being necessary on the part of the shareholders of record.
Irvine College will promptly register the dividend shares to provide liquidity for the Company's shareholders. It intends to use the new public company as a platform to grow its business, acquire other independent education companies, and establish strategic alliances with overseas institutions to take the company to the next level.
Irvine College, through its wholly owned subsidiary Radiology College of America, Inc., is licensed by the California Bureau for Private Postsecondary and Vocational Education (BPPVE) to provide 19 programs, including: Ultrasound and Vascular Technology, Diagnostic Medical Sonography, Magnetic Resonance Imaging Technologist, Medical Assistant, Pharmacy Technician, X-ray Technician Limited Permit, Pharmaceutical Sales Professional, Echo Cardiography and Cardiovascular Technology, Medical Office Management, Professional Child Care, 3-D Animation, and Computers in Motion Picture Industry. In addition, Irvine College is in the process of obtaining a license from BPPVE to focus on short-course corporate training.
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 and investments in 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.
