Providential Holdings to Hold Seminar Focused on Vietnamese Companies Seeking to Go Public in the U.S.

LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM -- (MARKET WIRE) -- February 1, 2007 -- Providential Holdings, Inc. (OTCBB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a company providing international advisory services specializing in mergers and acquisition and investing on the rapidly growing economies in Vietnam and Asia, will hold a seminar with the Vietnamese Chamber of Commerce and Industry on Feb. 5, 2007 in Ha Noi for Vietnam-based companies seeking to go public and raise capital in the United States. The seminar takes place 8:30 a.m. to 11:30 a.m. at the Vietnamese Chamber of Commerce and Industry, 9 Dao Duy Anh Street, Ha Noi, Vietnam.

Providential Holdings advised and assisted Cavico Corp. (PINKSHEETS: CVCP), the largest Vietnam-based non-government owned engineering and infrastructure construction company, in becoming the country's first U.S. publicly traded company.

Chairman and CEO Henry Fahman said, "The seminar is an opportunity to help Vietnamese companies develop the strategies they need to access foreign capital for further growth ahead. We've already had success helping Cavico Corp. become traded in the United States stock market and we expect other companies in this emerging market will benefit from following Cavico's example."

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 independent energy. 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. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and a leading U.S. investment-banking firm to help Vietnamese companies go public and raise capital through the U.S. financial markets.

A profile for investors can be accessed at http://www.hawkassociates.com/prvhprofile.aspx.

For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.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: Investor Relations Contact: Hawk Associates, Inc. Frank N. Hawkins, Jr. or Julie Marshall Phone: (305) 451-1888 Email: Email Contact