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TUESDAY, APRIL 05, 2005 2:30 AM
Providential Holdings Subsidiary to Serve as a Holding Company for Post- Secondary Education Facilities
LOS ANGELES, April 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Providential Holdings, Inc. (PRVH) , a provider of international advisory services specializing in mergers and acquisitions, announced today that its wholly owned subsidiary, American International University, has officially changed its name to Advantage Education Group.
Henry Fahman, Chairman and CEO of Providential Holdings, stated, "Advantage Education Group will serve as a holding company for educational institutions that offer undergraduate and graduate programs in the US and abroad. We believe there are great opportunities in the for-profit education sector, thanks to the advent of the Internet, which makes on-line learning a way of life. Also with rising ambition levels prompting many US workers to go back to school to enhance their skills and the ever-growing international student populations who wish to have an American degree, we expect education demand to remain strong in the future."
About Providential Holdings, Inc.
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, precision cutting tools, and 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.
For more information, contact:
OTC Financial Network Providential Holdings, Inc.
Rick McCaffrey, Investor Relations Henry Fahman
781-444-6100 x625 714-843-5450 x 5455
rick@otcfn.com info@phiglobal.com
http://www.otcfn.com/prvh http://www.phiglobal.com
SOURCE Providential Holdings, Inc.
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