PRVH - Gewinner - Tread - 2005
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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.
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Providential Holdings to Buy Back up to 20% of Its Common Stock From the Open Market
LOS ANGELES, CA, Nov 28, 2005 (MARKET WIRE via COMTEX) -- Providential Holdings, Inc. (PRVHE) (Berlin and Frankfurt Stock Exchanges:PR7 - WKN 935160) (www.phiglobal.com), a provider of international advisory services specializing in mergers and acquisitions, today announced that the Company will buy back up to 20% of its own common stock.
The Company's Board of Directors have unanimously passed a resolution to authorize the purchase of up to 20% of its own common stock from the open market in the next twelve months depending on price levels and the Company's liquidity from time to time.
Henry Fahman, Chairman and CEO of Providential Holdings, commented: "As we continue to focus on M&A activities and take advantage of new opportunities, we believe it is prudent to buy back our own shares from the open market to increase our shareholder value if market price levels and liquidity warrant such an action."
About Providential Holdings, Inc.
Providential Holdings specializes in mergers and acquisitions and invests in various industries. The Company acquires and consolidates special opportunities 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.
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Haben wir gelacht.
Dann kauft mal schön denn Henry hängt mit seinem 27 Millionen Aktienanteil beim derzeitigen Kursstand ganz schön in den Miesen - an alle Armleuchter Kaufsignal!!!!
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Monday , November 28, 2005 17:00 ET
LOS ANGELES, Nov 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- Jeantex Group, Inc (OTC Bulletin Board: JNTX; Berlin Stock Exchange: A0F45Q), a corporation engaged in the design, development, manufacturing and marketing of consumer products for apparel markets worldwide, today announced that it has signed a Letter of Intent to acquire all the issued and outstanding stock of Sanatex Incorporated.
Based in Carson, California, 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 Zone in Kalubeia, Egypt, Sanatex enjoys exemption from tariffs on finished goods shipped to the United States. Sanatex expects revenue growth of approximately $35 million and earnings of approximately $3.5 million for the fiscal year ended December 31, 2006.
According to the Letter of Intent, Jeantex will purchase all of the issued and outstanding stock of Sanatex in exchange for newly-issued shares of Class A common stock of Jeantex. The number of shares will be equal to 51% of all the issued and outstanding shares of Class A common stock of Jeantex immediately following the closing of the transaction and Sanatex will become a wholly-owned subsidiary of Jeantex Group. The Company intends to enter into a stock purchase agreement which is subject to customary closing conditions, and is expected to close this transaction in the fourth quarter of fiscal 2005. Jeantex believes that the acquisition will be accretive to earnings in the fourth quarter of fiscal 2005.
As a combined entity, the Company will be led by Hassanein M. Hassanein, Chief Executive Officer of Sanatex. Mr. Hassanein originally founded Misr-Taiwan in 1989, a majority owned company of Sanatex, Inc. Mr. Hassanein has extensive worldwide experience in development, design, manufacturing and importing and exporting of apparel goods. He is Egypt's second largest exporter of apparel goods. He also is helping to promote the development of " Egyptian Cotton" , a certified state-run program created to produce textiles made from the finest Egyptian cotton. Mr. Hassanein maintains textile operations in Taiwan and China.
Henry Fahman, Chairman of Jeantex Group, Inc. said, " We are happy to welcome Sanatex to the Jeantex family and believe this transaction will have a strong impact on shareholder value. Sanatex has been very successful as a low cost private label manufacturer for large mass merchant and department stores such as Target, Kohl's, Sears and Wal-Mart. The Company's success stems in part from its 238,000 square-foot manufacturing facilities in Egypt, which operates as a duty-free qualified investment zone into the Untied States. We plan to increase our production for both Sanatex and Jeantex out of this facility."
Mr. Fahman continued, " Additionally, Sanatex has a strong opportunity to increase penetration within its existing distribution channels by working with Jeantex to improve their design capabilities and overall product assortment. We also plan to leverage Jeantex's existing customer relationships in the U.S., Europe, and Japan which should enhance the sales and overall profitability for Sanatex."
Hassanein M. Hassanein, Chief Executive Officer of Sanatex, Inc. stated, " We are very enthusiastic about becoming part of a public company with Jeantex and believe this transaction will position us to achieve stronger sales and profitability by providing additional services to our customers and utilizing more of our manufacturing capacity. Jeantex's design expertise and growing upscale customer base provides us with an excellent platform from which Sanatex will realize its potential while also developing synergies and opportunities across the Jeantex organization. The Jeantex and Sanatex fit will take both companies to a higher level in the marketplace."
About Jeantex Group, Inc.
Jeantex Group, Inc. (formerly Lexor Holdings, Inc.), through its wholly-owned subsidiary Jeantex, Inc., engages in the design, development, manufacturing, and marketing of consumer products for the apparel markets worldwide. Jeantex manufactures denim jeans for prominent brand names such as ABS, Blue Cult, Guess, Hurley, Limited Express, and Lucky. The Company also manufactures and markets new lines of uniquely designed high-quality jeans, T-Shirts, and accessories under the " Bone People" trademark, which are being marketed in Germany, Japan, Portugal, Scandinavia, Spain, and the US. Further information about Bone People(TM) can be found at www.bonepeople.org
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.
Investor Contact:
Bill Zima
Integrated Corporate Relations
(203) 682-8200
SOURCE Jeantex Group, Inc.
Bill Zima of Integrated Corporate Relations, +1-203-682-8200, for Jeantex Group, Inc.
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
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Providential Holdings, Inc. (OTC BB: PRVHE) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, today announced that it continues to make important progress in helping Vietnamese businesses to access the US public equity markets.
Following a series of seminars in four major Vietnamese cities in October 2005, Providential Holdings has signed memoranda of understanding with three Vietnamese companies, namely Haihuy Group, Saigon Technology University, and Tan Phat Co., Ltd., which seek to go public and access funding through the US equity markets. These are in addition to Intimex Import Export Corporation (www.intimexco.com) and another major Hanoi-based conglomerate that have engaged the Company to assist them with funding and recapitalization plans.
Haihuy Group specializes in the manufacturing of telecom and electric equipment. Its major products, sold all over 64 provinces in Vietnam, include corded phones, cordless phones, telephone switchboards, digital recorders, fax machines, mobile phones, cameras, camera cards, walkies talkies, fire alarm equipment, security equipment, digital satellite receivers and other related telecom equipment. "HAIHUY" label is synonymous with top quality and has earned the company many enviable awards. (www.haihuy.net)
Tan Phat Co., Ltd. is the first Vietnamese company specializing in manufacturing corrugated HDPE pipes using the latest South Korean technology. Its products have been used in numerous industrial and commercial projects, including those that are funded by the World Bank. (www.tanphathq.com.vn)
Saigon Technology University, initially established as the only technology college in Southern Vietnam in September 1997, was upgraded to university status in April 2004. The university currently has 5,000 students and offers degree programs such as informatics, mechanical engineering, electrical engineering, electronics, telecommunications, construction, and business administration. (www.saigon-uni.edu.vn)
In addition, other Vietnamese companies in Ho Chi Minh City, Hanoi, Central Vietnam, and the Mekong Delta have also enquired for similar assistance.
Henry Fahman, chairman and CEO of Providential Holdings, commented, "These companies that we work with represent viable investment opportunities for investors interested in watching emerging companies grow and harness the potential offered by the public markets." Fahman added: "As we know, Vietnam recently raised $750m with its debut government bond offering and demand was so strong for the dollar-denominated bond that investors put in orders totaling $4.5bn, six times the amount on offer. This may be a good harbinger for Vietnamese companies that seek to tap the international financial markets for additional capital to grow."
About Providential Holdings, Inc.
Providential Holdings specializes in mergers and acquisitions and invests in selective businesses with potential for high growth. The Company acquires and consolidates special opportunities 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 activities, 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 (November 30, 2005 - 9:00 AM EST)
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Providential Holdings Subsidiary Providential Oil & Gas Partners with Midland-based Firm to Develop Up to 24 Gas Wells in West Texas
Wednesday December 7, 9:13 am ET
LOS ANGELES--(BUSINESS WIRE)--Dec. 7, 2005--Providential Holdings, Inc. (OTCBB:PRVHE - News; Berlin and Frankfurt Stock Exchanges:PR7 - WKN 935160) (www.phiglobal.com), a provider of international advisory services specializing in mergers and acquisitions, today announced that the Company's wholly-owned subsidiary Providential Oil & Gas, Inc. has signed an agreement with Terra-Firma, a Midland-based independent oil and gas company, to co-develop up to 24 gas wells on Hudspeth Ranch, Crockett County, Texas.
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The Hudspeth Ranch is located approximately twenty-five miles south of the town of Ozona and seventy miles north of Del Rio, Texas. The " Canyon Sandstone" formation gas wells located on this ranch is part of the large prolific Adams-Baggett Canyon Sandstone Field. The Canyon Sand is found at a depth of 4,300 feet to 4,900 feet.
The wells inside the Proven Undeveloped (PUD) acreage throughout this Hudspeth Ranch have typically experienced payout with reimbursement of the initial working interest purchase amount between eighteen months to three years. If natural gas prices continue to escalate, as long-term national trends currently indicate, then payout may occur within a shorter time span. The attractiveness of this area's gas production zones lie in their historical production lifespan for new wells of 25 to 35 years, thus allowing for a potential stable and continuous revenue stream for the Company.
Henry Fahman, Chairman and CEO of Providential Holdings, commented: " Since early this year, we have investigated a number of oil and gas opportunities in the US and abroad and are very pleased to partner with Terra-Firma to begin developing these PUD gas wells on Hudspeth Ranch, as part of our overall emphasis on the energy industry."
Joseph Glenn, President of Terra-Firma Gas & Oil, Inc., stated: " Terra-Firma is honored to be partnered with Providential Oil & Gas in this project. The Canyon Sandstone that we will be drilling in is located in the West Texas Permian Basin. This area is very large and consistently produces commercially viable gas wells. With the great demand for gas and the increasing natural gas prices, with no significant downturn in the foreseeable future, we expect this to be a very rewarding and profitable venture for all concerned. Terra-Firma looks forward to exploring other projects with Providential Oil & Gas in the future."
About Providential Holdings, Inc.
Providential Holdings specializes in mergers and acquisitions and invests in various businesses with potential for high growth. The Company acquires and consolidates special opportunities 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.
Contact:
Providential Holdings, Inc.
Timothy Pham, 714-843-5456
ir@phiglobal.com
Source: Providential Holdings, Inc.
