Daxflyer : PRVH 20% plus in USA!!!
Providential Holdings Gains 20% on 3X Average Volume After Announcements
Apr 2, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Providential Holdings (OTCBB: PRVH) gained 20% Thursday on volume of 2,021,147, almost three times its average volume of 775,992, to close at \$0.168, following announcements that CEO Henry Fahman has been selected as a Businessman of the Year, and that the company will receive a new order from Wal-Mart Stores Inc. (NYSE: WMT) for its flagship product, Gamego(TM).
Fahman was recognized by the National Republican Congressional Committee at a function in Washington attended by President George Bush and California Governor Arnold Schwarzenegger, among others.
Meanwhile, the company said that Wal-Mart has " confirmed that it is re-ordering ATC`s flagship product, Gamego, from ATC Technology Corp. Both Wal-Mart and ATC are pleased with the sales activities in the stores for Gamego. This re-order is a testimony to the product`s strength in the marketplace. In order to create even more awareness of this product, ATC will launch TV and print ad campaigns nationwide. The first state chosen is the home state of Gamego: Arizona. Once proven successful, the other states will immediately follow, eventually leading up to the busy Christmas gift-buying season."
Norm Klein, VP of Operations of ATC Technology Corp., stated, " After many months of hard work, first on the production and shipments of their first order, secondly on the post delivery support and thirdly on collecting and analyzing the data we have learned from the individual stores, I am very happy to report to our PRVH shareholders that Wal-Mart has confirmed to give us another purchase order for our Gamego product. For our flagship Gamego product, the real potential is just beginning to be realized. In order to reach this proven customer base of tens of millions of PS2, Xbox and Gamecube kids out there, we will reach them by the mass media. We are hopeful that our Gamego will become a household name soon."
Providential Holdings has re- enrolled in Investrend Research`s unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following.
On March 1, 2004, Investrend Research analyst Mohammad Sharifzadeh, MBA, CFA, rated the company a " Speculatie Buy / 4," saying the company had " managed to establish a diversified holding of businesses with qualified management,"
The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at www.investrendresearch.com
Investrend Research subscribes to the " Standards for Independent Research Providers" at www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (www.niri.org) and the Association for Investment Management and Research (www.aimr.org).
The Dow Jones (NYSE: DJ) Newswires has stated that independent research has been growing in credibility over the past 18 months, specifically citing Investrend Research, and the New York Times (NYSE: NYT) has reported a survey by Charles Schwab & Co. (NYSE: SCH) reveals an astonishing 78 percent of active stockholders now " value research from independent firms over analysis by Wall Street firms with financial ties to the companies they are rating." A survey at Investopedia reveals that 74.7% of investors say that " legitimate fee-based research is objective and useful," and 70.9% say that a company that enrolls for " legitimate fee-based research is making a positive statement about its investment potential."
Enrollment fees for Institutional coverage were \$23,400, and the fees were paid by the company. There is an open invoice which is being negotiated. There are never any fees associated with FinancialWire, which independently covers a wide range of corporate news, including but not limited to those that are or have been enrolled in Investrend`s platforms.
Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company`s InvestorPower page at www.investrend.com/company/list.asp?sPathParam=yes , and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
For up-to-the-minute news, features and links click on www.financialwire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on www.investrend.com/contact.asp
The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: www.investrend.com/XmlFeeds?level=268
(C) 2004 financialwire.net, Inc. All rights reserved.