SOURCE: Providential Holdings, Inc.

March 11, 2008 11:15 ET

Providential Holdings Signs Agreement to Take ATI Group Companies Public

LOS ANGELES, CA and HANOI, VIETNAM--(Marketwire - March 11, 2008) - Providential Holdings, Inc. (OTCBB: PRVH), a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, today announced that it has signed a consulting agreement with ATI Group (ATI) to assist the company, its subsidiaries and affiliates with public listings in the U.S. markets. Providential will also arrange funding and provide consulting services in the areas of public relations, investor relations, management consulting, strategic alliances, and other matters or special projects. ATI Group is engaged in nuclear energy services, oil and gas exploration, aquaculture, and resorts. American Technologies, Inc., the group's nuclear energy services division, is operating in the United States and currently assisting Vietnam in building the country's first nuclear power plant, one of the most technologically advanced in Asia.

Chairman and Chief Executive Officer of ATI, Huu D. Dinh, Ph.D., said, "Securing a public listing in the United States is crucial to implement ATI's growth plans. The nuclear energy field in which ATI operates is growing rapidly under strong demand for clean energy. At the same time, with additional funding the company will continue to explore for oil and gas from its allotted blocks in Vietnam and accelerate its production plan as well as furthering its resort and real estate development business."

Henry Fahman, CEO of Providential Holdings, commented, "ATI's growing market space and impressive client roster have driven its success in the nuclear power arena. We believe a public listing in the U.S. will provide enhanced liquidity and better access to the capital markets for ATI to fuel growth across all its divisions. This recent agreement illustrates Providential's ability to increase our deal flow and to expand our client base."

About ATI Group

ATI Group consists of interrelated but independent companies providing innovative technologies and services worldwide to governments and industries including oil and gas exploration, aquaculture, resort and real estate development. Through American Technologies, Inc., ATI Group provides a complete range of nuclear engineering, environmental and technical services to commercial and governmental clients across the United States, Eastern Europe and Southeastern Asia. The company has undertaken over 100 nuclear energy projects with the Department of Energy in the U.S., major U.S. nuclear energy corporations and other countries. ATI serves a wide range of government and commercial clients, including the Bulgarian electrical power industry, the U.S. Department of Energy, Department of Defense, NASA, Lockheed Martin, Bechtel, Westinghouse, and Mobil. Recently, ATI has won major technical and management contracts over billion USD from Department of Defense. For more information, visit http://www.atincorporated.com.

About Providential Holdings, Inc.

Providential Holdings and its subsidiaries engage in a number of diverse business activities, providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnam Chamber of Commerce and Industry and leading U.S. investment banking firms, to help Vietnamese companies go public and raise capital through the U.S. financial markets. For more information on Providential Holdings, visit http://www.phiglobal.com.

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

For investor relations questions regarding Providential, contact Antonella Montagna or Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. To sign up for free e-mail notification of future releases, visit http://www.hawkassociates.com/email.aspx.

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.
    Antonella Montagna and Frank Hawkins
    Phone: 305-451-1888
    Email: Email Contact