Investing Online

[NyGuy]

The stock is up another 17% on expected contract signings

[NyGuy]

PRVH up another 17% this morning.I talked to the CEO last night,expect a PR tomorrow
Please do your own DD before buying any shares

[NyGuy]

PRVH up 20.32% and we should be seeing a PR tomorrow in the morning.

[Steve_n_Vegas]

in average .044 GLTA

[NyGuy]

Not too shabby a day,up another 31% and on no news.
Steve glad to see you in.This should start to rock tomorrow
Please do your own DD before buying any shares in a company

[NyGuy]

Good Morning Everyone,
Going to be a busy day
Good chance of a PR today.
Good Luck with your investments
Do not buy any shares of a company without doing your own DD

[NyGuy]

I sent an e-mail to the CEO last night and when I checked this morning,he had answered with,when he got home last night it was too late to call me but he will call me this morning.It is only 8:15 AM in California right now,when he calls I will post what he had said.Sunday night he said good things would be happening very shortly,that is one of the reasons I have been posting about this company.It had been mentioned last week to me as well

[NyGuy]

I just spoke with the CEO and a PR will be out in 30 min to an hour

[NyGuy]

News is out
Company Highlights Efforts to Assist Vietnamese Companies to List on U.S. Exchange


LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(MARKET WIRE)--Nov 21, 2006 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, reported today its financial results for the first quarter ended September 30, 2006.
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The company reported revenues of $37,000 in fees from consulting and advisory services for the quarter, as compared with total revenues of $40,805 for the same period last year.

Total operating expenses were $338,489 in FQ1 '07, compared to $373,208 in FQ1 '06. The decrease is primarily due to the decrease in bad debt expense in FQ1 '07, offset by the increases in professional services, including non-cash compensation, impairment of assets, salaries and wages, and general administrative expenses.

Net loss for the quarter was $58,187, compared to a net loss of $394,624 in FQ1 '06. Both quarters had earnings per share of $0.00 based on the weighted average number of basic and diluted shares outstanding.

The company noted that it entered into a consulting agreement with a client during the quarter ended September 30, 2006 and has received a significant amount of compensation that will not be recognized until the second fiscal quarter.

In addition to previous purchases, the company also bought back 1,034,940 shares of its common stock from the open market during the quarter ended September 30, 2006.

Providential Chairman and CEO Henry Fahman said, "Our business is off to a strong start for the new fiscal year. Our reported financials results for the first fiscal quarter do not reflect a significant amount of compensation received from a new consulting agreement during the quarter. This will be included in the second fiscal quarter financials.

"Together with the Vietnamese construction company Cavico, we have received a license to build a cement plant in the Ha Nam Province of Vietnam just south of Hanoi. We also announced a joint venture with Thanh Viet Fund Management to raise and establish Vietnam equity investment funds and provide advisory services to assist Vietnamese companies in listing on foreign exchanges, particularly in the United States. We are very encouraged by our prospects here. The Vietnamese economy is rapidly transforming to a full-blown market economy and stock exchanges in both Ho Chi Minh City and Hanoi are flourishing. We look forward to realizing these opportunities in the coming year.

"We instituted the share buyback because we believe that the company's stock is undervalued at this level, given the current business prospects," Fahman said.

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 Providential Holdings... "Creating Value Through Growth". 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

[NyGuy]

Although there was a PR out today,it is not the one we are lookig for.
This PR does have significant information it nonetheless.The company has gone from a 394,624.00 loss in the same quarter last year to a 58,170.00 loss this quarter.Their actually isn't a 58,170.00 loss because as stated in the report," Our reported financials results for the first fiscal quarter do not reflect a significant amount of compensation received from a new consulting agreement during the quarter. This will be included in the second quarter".
We do not know what this significant amount is at this point in time.

Another significant part of this report is the share buy back,which was for
1,034,940 shares.In my talks with the CEO he has made it perfectly clear that he feels his company is very undervalued and he will keep buying back shares till it reaches its true market value.
For those who do not know to much about this company or it's CEO,.here is little backround on this Company.
Unfortunately in the early 2000's the company ran into financial trouble not all entirely the CEO's fault.Sometimes the people who you think you can trust are the least trustworthy.The CEO found himself with multiple lawsuits.Normally I stop right there and am not looking to get invovled with a company with a past history of credit problems.But checking back on each case,I found that Henry Fahman was paying every company tha he owed money or was working out settlements that were satisfactory to the complaintants.Not having much luck with the model in the U.S. and being Asian himself,he went back to Viet nam to work with a country that is joining the WTO and has many large companies that would do very well on the America Exchanges.For bringing these companies to the American Exchanges Henry receives a pct.of each company for his own company PRVH.So as each company who comes here and joins the big boards,PRVH gets a pct. of its profits.I think most people could see that by bringing 10 or 12 companies here,Providential could have a nice income coming in every month.The company is working with several vietnam companies now with significant progress made with several of them.I think we will see another PR very shortly,in reference to a possible new addition to PRVH.
Please do your own DD before investing in any company.