SOURCE: Providential Holdings, Inc.

November 01, 2005 15:41 ET

Providential Holdings Comments on Stock Trading Activity

LOS ANGELES, CA -- (MARKET WIRE) -- November 1, 2005 -- Providential Holdings, Inc. (OTC BB: PRVHE) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, today announced that it is unaware of any developments that might have caused unusual trading activity in its stock today.

Although the Company has experienced further unexpected delays in the filing of Form 10KSB for the fiscal year ended June 30, 2005 and an "E" has been appended to its trading symbol, it expects to file the annual report in the next few days and rectify the situation quickly after that. The Company will also provide a corporate update following the filing of Form 10KSB.

About Providential Holdings, Inc.

Providential Holdings specializes in mergers and acquisitions and invests in international markets. The Company acquires and consolidates special opportunities in selective 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.

Contact Information

  • Contact:
    Providential Holdings, Inc.
    Timothy Pham
    714-843-5456
    Email Contact