Providential Holdings profitabel - 500 Beiträge pro Seite

[Loewe2004]

Providential Holdings Reports 2006 Year-End Earnings
TUESDAY, NOVEMBER 14, 2006 2:15 PM
- Market Wire

PRVHE
0.018 +0.004 News


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LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM, Nov 14, 2006 (MARKET WIRE via COMTEX) -- Providential Holdings, Inc. (PRVH.E) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, reported its year-end earnings today. The company expects that its "E" designation will be removed shortly after it files its 10-KSB.

The company reported revenues of $4,119,009 from consulting and advisory services for the year ended June 30, 2006, compared to $4,242,303 for the year ended June 30, 2005, a 3% decrease. This decrease is mainly due to a slight decrease in the size and scope of the merger and acquisition activities. The company reported no sales for the fiscal year ended June 30, 2006, compared to $37,049 for the fiscal year ended June 30, 2005. The decrease in sales reflected the diminished activities of Provimex, a majority-owned subsidiary of Providential Holdings.

Providential reported income from operations of $1,279,850 in FY '06, compared to a loss from operations of $3,268,147 in FY '05. This increase was mainly due to a 62% decrease in operating expenses during the current fiscal year. Total operating expenses were $2,839,159 in FY '06, compared to $7,517,916 in FY '05. This was primarily due to the decrease in the impairment of assets and professional services, including non-cash compensation during the current fiscal year.

The company had net income of $991,513 for the year ended June 30, 2006 as compared to a net loss of $2,119,904 for the year ended June 30, 2005. Fiscal year ended June 30, 2005 included a net loss of $393,997 on discontinued operations as well as a gain on the disposal of a subsidiary of $1,955,579 that are not present in fiscal year ended 2006. The net income based on the basic and diluted weighted average number of common shares outstanding for the year ended June 30, 2006 was $0.01 as compared to that of ($0.02) for the year ended June 30, 2005.

Providential Chairman and CEO Henry Fahman said, "Providential has returned to profitability for FY 2006 and expects operating results to continue improving for FY 2007. For the next 12 months, we intend to emphasize on M&A advisory services for small and mid-sized companies in the U.S. and the Pacific Rim, to help Vietnamese companies with their listing and raising capital through the U.S. stock markets, to develop the joint ventures in the cement, hydropower and mining businesses with Cavico Vietnam, to pursue oil and gas transactions through our upcoming European division, and to engage in alternative energy such as bio-diesel and fuel cells."

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 http://www.phiglobal.com. 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.com/prvhprofile.aspx." target="_blank" rel="nofollow ugc noopener">http://www.hawkassociates.com/prvhprofile.aspx.

For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at [phone], e-mail: [e-mail], or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com.

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.


Investor Relations Contact:
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or Julie Marshall
Phone: [phone]
Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=FAC381B14E0A820…



SOURCE: Providential Holdings, Inc.

Copyright 2006 Market Wire, All rights reserved.

[Loewe2004]

Antwort auf Beitrag Nr.: 25.393.839 von Loewe2004 am 14.11.06 20:57:53

wer Geduld hat, wird belohnt

[big_mac]

gähn.
wann gibts endlich DELISTING ?

[Loewe2004]

Antwort auf Beitrag Nr.: 25.394.391 von big_mac am 14.11.06 21:17:01

ab zu Macci aber schnell

[Frakt@l]

Mit dem Kursrückgang auf 0,018 US$ wurde heute exakt das gap geschlossen, das gestern durch den starken Anstieg entstanden ist. Jetzt geht es deutlich aufwärts, das ask ist bei 0,025 US$, Kurs aktuell bei 0,023 US$

http://stockcharts.com/h-sc/ui?c=prvh,uu[w,a]daclyiay[dc][pb…

Fraktal

[Frakt@l]

November 16, 2006 - 11:00 AM EST

Providential Holdings Announces Joint Venture to Establish

Equity Funds and Provide Financial Advisory Services in Vietnam
Providential Holdings, Inc. (OTCBB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced today that it has signed a joint venture agreement with the Thanh Viet Fund Management Company (TVMC) (www.thanhviet.com.vn).

Under the terms of the agreement, the two companies will work closely together to raise and establish Vietnam equity investment funds and provide advisory services to assist Vietnamese companies list on foreign exchanges, particularly in the United States.

Initially, the agreement covers raising up to $12.5 million to form a growth fund, Saigon A2, focusing on Vietnam-listed companies. The fund is expected to close by the end of December 2006 with up to 49% of foreign investment capital.

TVMC and Providential also are seeking to establish the Saigon Real Estate Investment Fund and raise up to $100 million capital for the fund. The fund is expected to close in the first quarter of 2007 with 49% of total capital from foreign investors. The fund will focus on real estate development projects such as housing complexes, office buildings and shopping centers.

Chairman and CEO Henry Fahman, said, "Our alliance with TVMC and Chairman Vo Van Tai will help provide investors with favorable opportunities to invest in the rapidly growing Vietnamese economy. With a growth rate in Vietnam estimated at an estimated 8% a year over the next decade, we believe there will be appealing growth vehicles for serious investors. Through these new funds and taking Vietnamese companies public in the United States, we intend to establish structures for foreign capital investors to benefit from the enormous growth ahead."

Vo Van Tai, chairman of TVMC, said, "Vietnam's growing economy, dynamic private sector, huge reserves of idle funds held by commercial banks and the public and buoyant stock market provide a good foundation to attract investors. Many investors are showing keen interest in our funds and activities. We are delighted to be working with Henry Fahman and his people at Providential. They have excellent access to capital as well as the American investment community where we expect to build strong support for our activities."

TVMC was founded by Ho Chi Minh City-based TVH Corporation, Phuong Nam Commercial Bank (PNB) and a number of local investors. TVMC currently runs the Saigon Fund A1, which has about $2 million under management. Tai is a former principal with Dragon Capital.

Fraktal

[Paros]

Antwort auf Beitrag Nr.: 25.463.175 von Frakt@l am 16.11.06 17:30:21

Das könnte vielleicht ein schöner Zock werden, wenn er noch gute Zahlen vorlegen würde..........................bräuchte für meinen Altbestand nur mehr 500 %..........................dann wär ich schon im Plus................und das könnte an der OTC doch möglich sein............mfg Paros