OTC Financial Network Issues Favorable Report on Providential Holdings
THURSDAY, MARCH 10, 2005 8:00 AM
HUNTINGTON BEACH, Calif., March 10, 2005 /PRNewswire-FirstCall via COMTEX/ -- Providential Holdings, Inc. (PRVH) , a provider of international advisory services specializing in mergers and acquisitions, announced today that OTC Financial Network, a division of National Financial Communications Corp., has issued a favorable InvestorFacts report on the Company. The report includes a profile of the Company's upcoming projects, market potential, growth strategies and investment considerations. Interested parties can view the report online at http://www.otcfn.com/prvh/report.html.
Geoffrey Eiten, president of National Financial Communications Corporation, stated, "Providential Holdings engages in several highly advantageous business activities, including merger and acquisition advisory services, consulting services and international markets. Providential also has specialized interest in the highly profitable precision cutting tools market."
Eiten continued, "Providential Holdings in uniquely qualified to transact business in the Pacific Rim, as it is an expert in that region and has long- standing business relationships and a solid reputation for providing expertise in both product and capital markets. The Company has 10 subsidiaries and four minority interests worldwide, providing stable revenue streams and multiple upside opportunities for its early investors."
About OTC Financial Network:
Since 1992, OTC Financial Network has provided consulting services and customized, proactive investor relations campaigns to more than 500 small/micro-cap public companies. OTC Financial Network designs and implements results-driven direct mail, electronic marketing, shareholder communications and other programs to increase market awareness on behalf of its clients. A partnership with OTC Financial Network can improve a company's shareholder communications channel, facilitate capital formation opportunities, create an expanding and diversified base of institutional and retail shareholders, and garner financial media coverage. OTC Financial Network is a division of National Financial Communications Corp. based in Needham, MA. For more information visit http://www.otcfn.com and http://www.nationalfc.com.
About Providential Holdings:
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services, 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. For more information please visit, http://www.phiglobal.com.
OTC Financial Network serves as special advisor to Providential Holdings, Inc. and has received fees for services, including a monthly base of five thousand dollars plus expenses, paid in cash. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Full disclaimer information can be found online at http://www.otcfn.com/prvh/disclaim.html.
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:
Providential Holdings, Inc. OTC Financial Network
Henry Fahman Rick McCaffrey, Investor Relations
714-843-5450 781-444-6100 x625
info@phiglobal.com rick@otcfn.com
http://www.phiglobal.com http://www.otcfn.com/prvh
SOURCE Providential Holdings, Inc.
Henry Fahman of Providential Holdings, Inc., +1-714-843-5450; or Rick McCaffrey,
Investor Relations of OTC Financial Network, +1-781-444-6100, ext. 625
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