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[lennox1]

Es scheint als ob heute der Startschuss für eine Wahnsinns-Rallye gegeben wird!
Press Release Source: Providential Holdings, Inc.


Providential Holdings Acquires Majority Position in Tulon Pacific to Enhance Cutting Tool Business
Monday September 20, 1:00 am ET


HUNTINGTON BEACH, CA--(MARKET WIRE)--Sep 20, 2004 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News) (Berlin Stock Exchange and Frankfurt Stock Exchange:PR7 - WKN 935160) (www.phiglobal.com) today announced that it has signed an agreement to acquire a 70% ownership of Tulon Pacific, LLC (www.tulon.com), an Irvine, California-based company that provides precision cutting tools and drilling solutions, for a $1.6 million combination of cash and a promissory note which may be converted into common shares of the Company in six months. The transaction is targeted for completion by October 15, 2004, subject to further due diligence review and the approval of the boards of directors of both companies.
This investment follows the previously announced acquisition of a 60% equity stake in Tangshan Yutian Saw Corp (" TYSC" ) (www.ytsawblades.com) in Hebei, China, which currently awaits the results of a US GAAP and GAAS audit to comply with the SEC reporting requirements.

Tulon Pacific is a profitable and energized company with strong leadership and excellent brand name recognition in the global marketplace. Tulon Pacific distributes product manufactured by Tulon De Mexico and other manufacturing sources worldwide through strategically located distribution and sharpening centers in the United States, Asia and Europe.

The manufacturing operation in Guadalajara, Mexico produces a full range of tungsten carbide tools used for the drilling and routing of printed circuit boards. In addition to proprietary technology developed in house, Tulon De Mexico utilizes fully automated flute/relieve/point machines from Kobayashi and Rollomatic to manufacture a combination of micro-diameter drill bits and routers from 8.00 mm to 0.10 mm. These are two of the most widely used manufacturing technologies in the world for producing PCB cutting tools and allows Tulon to meet the demands of the targeted industry while maintaining product diversification opportunities into such areas as industrial and medical cutting tools.

Henry Fahman, Chairman and CEO of Providential Holdings, commented, " Tulon Pacific will play an important role in our cutting business and position us as a key player in the marketplace. Thanks to Tulon`s strong brand name recognition and excellent distribution system, we expect this transaction to greatly enhance the value of Providential in the near future."

Andrew Forth, President of Tulon Pacific, stated: " The investment and strategic partnership with Providential Holdings and its affiliates will provide significant growth opportunities for Tulon associates worldwide and position Tulon Pacific as a platform for possible future acquisitions."

[lennox1]

...und bis Ende September kommt noch das Audit!

Jetzt beginnt der Weg Richtung 1$ wirklich!

Mal sehen ob wir schon in Berlin explodieren oder erst auf die US-Eröffnung warten!

[lennox1]

Ab sofort werdet Ihr nur noch Threads von mir zu relevanten Neuigkeiten erhalten!

Jetzt sollten auch mal ein paar Leute mehr verstehen was da Großes auf uns zu kommt.

[lennox1]

Das Bid in Berlin füllt sich schon!!!

Leute heute geht es los...

[lennox1]

Was ist jetzt los?

Bid in Berlin bei 0,17!!!

[Paul_Muadib]

wie oft soll es denn nun noch losgehen????

[lennox1]

Ich denke dass es jetzt langsam Zeit wird.

Es sind schließlich nur noch max. 2 Wochen bis zum Audit auf das viele warten um einzusteigen.

Sollten sich die Zahlen beim Audit bestätigen wird der Kurs weit über 1$ steigen.

Die News von heute zeigt den Weg den PRVH gehen wird.

[lennox1]

Es kommt langsam Umsatz in den Wert!

In Berlin ist das Ask schon bei 0,135!!!