SOURCE: Providential Holdings, Inc.

November 25, 2008 08:30 ET

Providential Holdings Resets Date for Annual General Meeting

LOS ANGELES, CA and HANOI, VIETNAM--(Marketwire - November 25, 2008) - 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 announced that the annual general meeting of the corporation for the year 2008 will be changed to January 30, 2009 at 02 o'clock P.M., Pacific Standard Time, at the Company's principal offices located at 17011 Beach Blvd., Huntington Beach, CA 92647, U.S.A., instead of December 08, 2008 as previously announced.

The purposes of the annual meeting will include: (1) reviewing the activities of the corporation for the preceding year, (2) electing the Board of Directors, (3) considering and amending the Articles of Incorporation to change the corporate name and capital structure, (4) considering and preparing for the listing of the Company's common stock on the NASDAQ Stock Market in the near future, and (5) transacting such other business that may properly come before the meeting.

The Board of Directors of the Company have also chosen December 05, 2008 as the new record date for the annual general meeting.

Henry Fahman, Chairman and CEO of Providential Holdings, Inc., commented: "We apologize for having to change the date of the annual general meeting but believe it is important to give both our registered and beneficial shareholders ample time to prepare and participate in this event. We look forward to sharing our accomplishments and discussing the upcoming opportunities and challenges as well as how we may continue creating value for our shareholders in this turbulent time. We also want to have open dialogues with our shareholders to gain meaningful inputs and recommendations that may help make our Company a big winner for everyone."

About Providential Holdings

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A and consulting services, real estate development, mining and investing in special situations. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market to help Vietnamese companies go public and raise capital through the U.S. financial markets. The Company currently develops "Pointe 91," an upscale residential community and luxury resort in Chu Lai, central Vietnam. Web site: www.phiglobal.com.

To sign up for free e-mail notification of future releases, please visit:

http://investors.phiglobal.com/alerts.cfm?

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 Information