PROVIDENTIAL HOLDINGS +++ CHINA !!! +++ - 500 Beiträge pro Seite

[GuenterNetzer]

Diese NEWS wurde gestern auf der Homepage von PRVH veröffentlicht...

Providential Holdings to Report Important Transactions
FOUNTAIN VALLEY, CA - MARKET WIRE - 06/13/04

Providential Holdings, Inc. (OTC BB: PRVH) (Berlin Stock Exchange: PR7, WKN 935160; www.phiglobal.com) today announced that it is preparing to report important transactions and developments in the coming weeks, which are expected to positively affect the Company`s performance both in the near term and the long term.

The Company`s recent business delegation, led by Henry Fahman, together with Keith Wong, Norm Klein, Larry Fogel, a representative from the Department of Commerce of Arizona, and several industry experts, to China has produced significant results. The Company plans to issue individual press releases in the coming weeks to report the details of these transactions and developments relating to the acquisition of several target companies in the People`s Republic of China.

These transactions are in addition to the memorandum of understanding for the acquisition of a steel company already announced. We are in the process of negotiating more acquisitions and joint ventures of substantial size. They are expected to be announced when finalized in early July. All of these transactions are expected to positively affect the Company`s financial performance in significant ways both in the near term and the long term.

Henry Fahman, Chairman and CEO of Providential Holdings, commented, "We are very pleased with our recent delegation`s accomplishments regarding the acquisition projects in China. Since her economic reform in 1978, China has experienced a stunning transformation and become the world`s third-largest economy when adjusted for purchasing power. China offers a remarkable window of opportunity for us. As all our Chinese partner companies already have solid fundamentals, strong revenues and profit streams, they are ready to expand overseas. We will assist them in expanding into sales channels outside of China and to facilitate their access to Western capital markets. Together, we create more value for both companies` shareholders. In the coming weeks we will issue separate announcements for each transaction as it is consummated to clearly show its potential financial ramifications and positive impact on Providential`s profitability."

About Providential Holdings

Providential Holdings, Inc., a diversified service and manufacturing company, focuses on selective technologies, financial services, international markets and special situations. Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, and telecommunications. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: http://www.phiglobal.com.

Safe Harbor:

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company`s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company`s ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

These and other risks are identified in the company`s SEC filings and should be considered in evaluating the forward-looking statements made herein.

Copyright © 2004 Market Wire
News Copyright © 2004 Interest!ALERT All rights reserved.

Das wird der Ausbruch...



GN

[Heinerle2]

Yo, da musste ich gerade doch noch ein paar zum Start kaufen

Greetinxx Heinerle2

[GuenterNetzer]

In USA wird die NEWS intensiv diskutiert...hier ein Kommenta von einem der hellsten bei www.ragingbull.com

ATC Tech linked to China acquisition News

I was initially concerned about the news that there would be new acquisitions but I decided to do a little digging around and came up with the following. As always dont take my word for it do your own DD.

The team that has visited China recently consisted partly of the following people:

Keith Wong - ATC Tech CEO
Norm Klein - ATC Tech VP Operations & Finance
"a representative from the Department of Commerce of Arizona".

Note that ATC was incorporated in Arizona in June 2001.

ATC`s involvement could give a clue to how these ventures are going to be financed, i.e. by issuance of ATC stock in the near future?, which in turn should mean good news for PRVH stockholders waiting on news of their ATC share dividend, it should be being paid sooner rather than later.

For those PRVH stockholders that dont know. ATC Corp is a wholly owned subsiduary of PRVH. A perceived higher valuation of ATC should in turn boost the shareprice of PRVH.

Another thought is that could the China angle be a way of ATC owning the whole supply chain for its products? or could it be a sign of new products being released by ATC? Or could it be that the chinese companies being courted are ATC`s current supplier and they are looking for greater worldwide exposure as a company?

regards

BG

GN

[GuenterNetzer]

In USA wird schon nach oben getaxt...aktuell stehen wir bei 0,12 zu 0,13 USD...warten wir mal das Volumen ab...vielleicht geht es ja sehr schnell...

GN

[GuenterNetzer]

Erster vorbörslicher Handel...das sieht nach hohem Volumen aus...

GN

[heikekarina]

na, das Volumen ist bisher noch sehr sehr mager

[Undertaker1]

Noch ist geschlossen

[GuenterNetzer]

Nach zwei Minuten schon 500K gehandelt...und davon ein 250K Block...UFF......da geht noch was...

GN

[BoersenfanWO]

Wie sieht es denn momentan realtimetechnisch aus ???

[Undertaker1]

12,5!

12/12,5

[EinKoelner]

Naja... abgesehen von dem 250k-Block ist das doch gar nichts.
Abgesehen davon sind unter den Leuten, die an der OTC geordert haben, sicherlich auch eine nicht unerhebliche Anzahl von Tradern aus Deutschland.

Da haben all die netten Leute hier in Deutschland sich mal wieder von der Pusherei blenden lassen.

Selbst schuld wenn man fast 20% über pari kauft und das nur aufgrund einer Meldung, die noch nicht einmal durch irgendwelche Zahlen bestätigt wurde.


Bye,
Martin

[GuenterNetzer]

Interessant wird es, wenn ein paar Mio. shares durchgelaufen sind...dann sollte es nach oben weg gehen...

GN

[EinKoelner]

Und schon sind die 0,109 im Ask in Berlin.

Immer wieder dasselbe Spiel. Es wird gepusht und teuer gekauft und anschließend fallen die Leute um 15:30 Uhr auf die Nase.

In einer Stunde sind waren wir in Berlin mindestens 1x unter der 0,1 EUR Marke.

Bye,
Martin

[GuenterNetzer]

Und schon sind die 0,135 USD im ASK in USA...und das BID ist knallvoll mit 0,125 USD...

GN

[GuenterNetzer]

0,135 USD bereits gehandelt...

GN

[EinKoelner]

Warum so still? Gehts RT wieder den Berg runter in den USA?

Bye,
Martin

[GuenterNetzer]

Ja, eine dicke Order ist zu 0,134 USD durchgegangen...

GN

[Opla]

[GuenterNetzer]

Aber keine Sorge, jetzt werden wieder die 0,135 USD Pakete gehandelt...ist ein pari Preis von 0,113 EUR...

GN

[GuenterNetzer]

0,145 USD...

GN

[Heinerle2]

0.14-0.145

[GuenterNetzer]

Der Anfang einer schönen Entwicklung...

15:59:19 0.180 2500 OTCBB at Ask
15:59:19 0.179 2500 OTCBB
15:58:57 0.172 9000 OTCBB
15:58:57 0.180 20000 OTCBB at Ask
15:57:21 0.171 20000 OTCBB at Bid
15:57:21 0.170 30000 OTCBB at Bid
15:57:21 0.175 10000 OTCBB
15:57:00 0.175 200 OTCBB
15:56:59 0.170 200 OTCBB at Bid
15:55:17 0.170 5000 OTCBB

GN

[Heinerle2]

Geiles Closing . Btw, soll nicht diese Woche noch was von First Berlin kommen? Ach ja, wieviele Aktien (Stück) hat Providential eigentlich nochmal an Nettel ??(heute +150% :eek

Greetinxx Heinerle2

[GuenterNetzer]

Schon wieder vorbörslicher Handel...BID/ASK = 0,19/0,20 USD...

GN

[Undertaker1]

78,-

[Undertaker1]

Bei mir steht überall 78,52 Fehler Scotti

[GuenterNetzer]

NEWS...

Providential Holdings Acquires Majority Stake in a Leading Chinese Tool Manufacturer

FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 06/15/04 -- Providential Holdings, Inc. (OTC BB: PRVH) (Berlin Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) today announced that it has signed an agreement to acquire a 60% ownership stake in Yutian Saw Corporation (YTSAW), www.YTSAWBLADES.com (English) and www.ytsaw.com (Chinese), a leading Chinese manufacturer of circular saw blades.

According to the terms of the transaction, expected to be closed by June 30, 2004, Providential Holdings acquires 60% of the common stock of Yutian Saw Corporation in exchange for $45 million in short-term notes. As part of the agreement, Providential will assist YTSAW in becoming a publicly-traded company in the US and Europe within nine months following the closing of the transaction. In addition, Providential will help market YTSAW`s products outside of China and facilitate YTSAW`s access to the Western capital markets for funds needed to expand rapidly into the international markets.

At the current exchange rate of 8.2766 Chinese Yuan per US dollar, YTSAW`s revenues and net profits were $81,584,225 and $17,937,317 for the year ended 2003, as compared to $68,264,745 and $14,377,685 for the year ended 2002, respectively. While revenues grew 19.51% from 2002 to 2003, net profits grew 24.76% during the same period. For the first five months of 2004, revenues were $40,717,200 and net profits were $9,303,335, an equivalent of $97,721,286 and $22,328,000, respectively, on an annualized basis for 2004. As the majority owner of YTSAW, Providential Holdings will be able to recognize YTSAW`s revenues and profits on its consolidated financial statements. At the average Price-Earnings ratio of 17.8 for the Appliance and Tool industry, YTSAW`s market capitalization is expected to reach over $395,000,000 once it becomes a publicly-traded company and contribute an additional $237,000,000 to Providential`s overall valuation.

YTSAW is Asia`s largest steel rotary saw blade manufacturer. Its products range from the household saw blades to those industrial blades measuring more than six-feet in diameter and costing thousands of dollars. These larger blades, hardened alloyed or diamond tipped, are used to cut concrete blocks, canal channels, trenches, metal bars, plates, timber and rocks. YTSAW currently employs more than 600 workers and its fixed assets include land, buildings, and machine tools from Japan, Germany and USA. Its mega-watt carbon dioxide lasers cut and anneal industrial saw blades in round-the-clock production runs. The company occupies a land of about 28 acres with a production area of about 800,000 square feet in Hebei, China, about 100 miles from Beijing, the capital.

Henry Fahman, Chairman and CEO of Providential Holdings, commented, "YTSAW is a very profitable company. They have an excellent management team and R&D staff. Their products are in high demand in China because of the housing and infra-construction boom. We will contribute to their growth by bringing their products to non-Chinese markets, take them public in the US and Europe in the near future, and facilitate their access to the Western capital markets. As we are uniting Chinese and US corporations together to create more value, YTSAW will undoubtedly bring significant improvements to PRVH`s financial results. In addition, we are currently in the final stages of negotiations with a couple more Chinese companies of comparable sizes."

About Providential:

Providential Holdings, Inc., a diversified service and manufacturing company, focuses on selective technologies, financial services, international markets and special situations. Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, and telecommunications. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: http://www.phiglobal.com.

Safe Harbor: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company`s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company`s ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact:
Providential Holdings
Henry Fahman
714/849-1577
[e-mail]

GN

[GuenterNetzer]

Und das sind die schönsten Teile aus der NEWS...

Providential Holdings will be able to recognize YTSAW`s revenues and profits on its consolidated financial statements. At the average Price-Earnings ratio of 17.8 for the Appliance and Tool industry, YTSAW`s market capitalization is expected to reach over $395,000,000 once it becomes a publicly-traded company and contribute an additional $237,000,000 to Providential`s overall valuation

...

In addition, we are currently in the final stages of negotiations with a couple more Chinese companies of comparable sizes."

GN

[Bierstuhl]

hmmm Günter ... ich habe dich bisher immer für nen Träumer und Spinner gehalten. Die Tatsache, dass das was PRH bisher als sein "Geschäft" bezeichnete, war zu offensichtlich wertlos. Die Quartal für quartal mit den Umsätzen ansteigenden Verluste, die hauchdünne Finanzlage der Company , die Aussichtslosigkeit jedes einzelnen der bisherigen Geschäftsbereiche für sich(mein Erachten), diese Schulden jemals in den Griff zu bekommen....

Dann diese ständigen nebulösen Jubelmeldungen , bei denen sich wieder und wieder herausstellte, dass sie ohne Substanz waren. (z.B. heillos übertriebene Erwartungen an ATC und Entec, das heute noch ned in trockenen Tüchern ist)

hmmm ... jetzt denke ich den Größeren Rahmen der Sache besser deuten zu können ... es steckt Plan dahinter ... riskant und mit dem Rücken zur Wand, aber Plan.

also von vorne....


Der CEO hat Mist gebaut(Geschichte) ... Absturz des Aktienkurses von cs25$ auf gut 3cent ... verdient ...

Er hat sich irgendwie berappelt (Details entziehen sich meiner Kenntnis) und die PRH aufgezogen, wie wir sie im Dezember kannten. Ein paar Supernewtechnologies, die keinen Gewinn abwerfen, ne Beraqtertruppe für Firmen, ne billige Fabrik für Kinderspielzeugs (ATC), und n paar hightec-Beteiligungen(die nix abwerfen außer Wertberichtigungen nach unten).

Der Sharepreis ist immer noch niedrig ... um die 5cent oder so ... die Finanzmittelbasis ist erschreckend dünn... der CEO weiß, dass dies auf die Dauer nicht gut geht ...

Aber er hat noch einen Trumpf im Ärmel ... spätestens über die Tochter PHI digital wurde er auf China aufmerksam. Er weiß, dass eine einzige gesunde chinesische Firma aus dem Smallcapbereich ihn über seine missliche Finanzlage hinüberretten könnte. Nur... wie bekommt man so eine Firma??

Antwort: PRH muss etwas haben , was die Chinks brauchen. Gleichzeitig muss PRH auch etwas darstellen, wer macht schon gerne Geschäfte mit Bettlern, die sich kaum das Flugticket leisten können?? ....

Jetzt gommt der gewagte Bluff ... die überzogenen Erwartungen wurden gezielt geschürt (Emailwerbung, riesige Ankündigungen) und der Kurs tut das, was der CEO hoffte, er sprang an. Zeit, kräftig eigene Aktien zu verkaufen (ist nachzulesen), denn er wusste am besten: alles war nur Bluff ... die Zahlen sprachen die deutliche Sprache, dass über kurz oder lang der Konkurs ins Haus stehen würde.

Die Anleger waren dann auch sehr schnell hmmmm ... nennen wir es: sehr skeptisch .... zurecht, wie ich meine...

Soweit ich mich erinnere gab es irgendwann mal ne Frage an den CEO, die in etwa so lautete: Werden die(als großartig angekündigten) zu erwartenden Quartalszahlen den Kurs wieder anspringen lassen?
Seine Antwort darauf war: Nein, der Kursanstieg kommt erst durch die Merger, für die bereits verhandelt wird.

Ein Schlag ins Gesicht ... angekündigte Zahlen, die also ein KGV von 1 bedeuten würden, werden den Kurs nicht steigen lassen?????? ... er hatte Recht , der Kurs stieg nicht, die prognostizierten Zahlen waren erstunken und erlogen ... aber warum log er so offensichtlich (is ja peinlich).

also: er BRAUCHTE den höheren Kurs seiner Aktien. Die Verhandlungen um die Merger durften von PRH nicht als dahinsiechender Minipennystockfirma geführt werden.

Darum: PRH hatte sich interessant für die Chinamerger positioniert. Zum Einen Vertriebsstrukturen in den USA und Ausland (Provimex) ... und die Chinakontakte (phi digital) und auch die Kontakte zu Firmen wie Walmart (aus der ATC-Sache) . Providential Capital als mit seiner Erfahrung, den Chinesen Zugang zu den Finanzmärkten zu verschaffen tut ein übriges. Das gewiss ünwiderstehliche Angebot an die Chinks ist: Ihr werdet Global Player wenn ihr mit "Uns(PRH)" zusammenarbeitet. (Amerikaner versprechen immer alles ... alles wird suuper ... wenn man dann die Resultate betrachtet, ist es dann häufig eher erbärmlich, arme Chinesen lol)

naja ... soll mein Problem nicht sein.

jedenfalls: Der CEO hatte Blut geleckt, die Chinesen waren bereit. Jetzt gibt es nur noch das Problem mit der Finanzierung der Merger. Bei einem Merger, bei dem die PRH Marktkapitalisierung und der Wert der CHINKfirma (ich nehme jetzt die Sägesage, da mir die Stahlsache noch immer nebulös erscheint) gegeneinander verrechnet würden, würde fast ganz PRH in der CHINKfirma aufgehen lassen. Der kurzfristige Höhenflug der Aktie konnte selbst mit immer neuen Ankündigungen nicht aufrechterhalten werden ... jaja diese Zahlen immer)

Darum die Kreditfinanzierung .... feine Sache(meines Erachtens). Mit dem Anteil am Einkommen der Chinesen wird die Schuldenfinanzierung ab jetzt nicht mehr das zentrale Problem sein.

Jetzt wrd auch verständlich, warum der CEO und seine Tina so kräftig am Sharessammeln waren.

Für weitere Merger bietet die neue PRH mit der gesunden Chinkfirma ne gute Basis ...

Wie gehts weiter? ... es wird aufwärts gehen ... ich hoffe langsam ... der CEO wird aber wert darauf legen, dass es schnell geht. Je mehr shareswert, desto besser für zukünftige Aquisitionen.

naja CEO ... ab jetzt bin ich dabei hehe

Bierstuhl

[schakal23]

@Bierstuhl

gut dagestellt!!

mal sehen wie werd morgen mit der kurs aussehen

[wayne99]

Filing zur Beteiligung Yutian SawCorporation :

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 17, 2003

PROVIDENTIAL HOLDINGS, INC.
(Exact Name of Registrant as specified in its charter)

Nevada
2-78335-NY
13-3121128

(State of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

Item 2. Acquisition or Disposition of Assets.

On June 7, 2004, Providential Holdings, Inc. (the "Company") entered into an agreement to acquire a sixty percent (60%) ownership interest in Yutian Saw Corporation ("Yutian"), a Chinese corporation which is a leading manufacturer of circular saw blades (Agreement is attached hereto as Exhibit 10.41).

According to the terms of the transaction, expected to be closed by June 30, 2004, Providential Holdings acquires 60% of the common stock of Yutian Saw Corporation in exchange for $45 million in short-term notes. As part of the agreement, Providential will assist Yutian in becoming a publicly-traded company in the US and Europe within nine months following the closing of the transaction. In addition, Providential will help market Yutian`s products outside of China and facilitate Yutian`s access to the Western capital markets for funds needed to expand rapidly into the international markets.




At the current exchange rate of 8.2766 Chinese Yuan per US dollar, Yutian`s revenues and net profits were $81,584,225 and $17,937,317 for the year ended 2003, as compared to $68,264,745 and $14,377,685 for the year ended 2002, respectively. While revenues grew 19.51% from 2002 to 2003, net profits grew 24.76% during the same period. For the first five months of 2004, revenues were $40,717,200 and net profits were $9,303,335, an equivalent of $97,721,286 and $22,328,000, respectively, on an annualized basis for 2004. As the majority owner of Yutian, Providential Holdings will be able to recognize Yutian`s revenues and profits on its consolidated financial statements.



Yutian is Asia`s largest steel rotary saw blade manufacturer. Its products range from the household saw blades to those industrial blades measuring more than six-feet in diameter and costing thousands of dollars. These larger blades, hardened alloyed or diamond tipped, are used to cut concrete blocks, canal channels, trenches, metal bars, plates, timber and rocks. Yutian currently employs more than 600 workers and its fixed assets include land, buildings, and machine tools from Japan, Germany and USA. Its mega-watt carbon dioxide lasers cut and anneal industrial saw blades in round-the-clock production runs. The company occupies a tract of land of about 28 acres with a production area of about 800,000 square feet in Hebei, China, about 100 miles from Beijing, the capital.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits


(c) Exhibits



10.41 - Stock Purchase Agreement between Providential Holdings, Inc. and Tangshan Yutian Saw Corporation, dated June 7, 2004.







SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.







PROVIDENTIAL HOLDINGS, INC.


/s/ Henry D. Fahman






Henry D. Fahman





President



Date: June 15, 2004


--------------------------------------------------------------------------------



Exhibit 10.41



STOCK PURCHASE AGREEMENT



THIS STOCK PURCHASE AGREEMENT (this "AGREEMENT") is made as of June 7, 2004 by and between Providential Holdings, Inc., a Nevada corporation, USA, with principal business address at 8700 Warner Avenue, Suite 200, Fountain Valley, CA 92708, hereinafter referred to as "Buyer" and certain shareholders of Tangshan Yutian Saw Corporation ("Tangshan"), a Chinese corporation with principal business address at Yahongqiao Town, Yutian County, Hebei, People`s Republic of China, hereinafter collectively referred to as "Sellers."


BASIC TRANSACTION



Except as provided herein, Sellers represent and warrant that no other person or entity has any interest or claim of right to ownership in Tangshan. The list of current shareholders and outstanding stock of Tangshan is set forth in attached Exhibit 3.



This Agreement contemplates a transaction in which, pursuant to the terms and subject to the conditions set forth herein, Buyer will purchase from Sellers, and Sellers will sell to Buyer, a total number of shares of common stock of Tangshan such that this total number shall have been equal to sixty percent (60%) of all the then issued and outstanding shares of common stock of Tangshan, upon the Closing of this transaction, in exchange for certain good and valuable considerations from Buyer, as set forth below.



NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:





SECTION 1. PURCHASE AND SALE OF STOCK OF TANGSHAN.



(a) PURCHASE AND SALE. Pursuant to the terms and subject to the conditions set forth herein, at the Closing (as defined below), Sellers shall sell and transfer to Buyer and Buyer shall purchase from Sellers said number of shares of restricted common stock of Tangshan, which shall be equal to sixty percent(60%) of the total issued and outstanding common shares of Tangshan upon the issuance of said shares to Buyer, for an aggregate purchase price of $45,000,000 as detailed pursuant to Section 1.(b)(ii) (B) below.





(b) THE CLOSING.



(i) THE CLOSING DATE. The closing of the purchase and sale of common restricted shares to Buyer (the "CLOSING") shall take place at the offices of Tangshan at 10:00 a.m. local time on or before June 30, 2004 or as extended pursuant to this agreement, but no later than July 25, 2004, unless further extended by mutual consent of both parties. The date of the Closing hereunder is referred to herein as the "CLOSING DATE."



(ii) CLOSING PROCEDURES. Subject to the conditions set forth in this Agreement:



(A) at Closing, Sellers shall deliver to Buyer possession of a total number of shares of common stock of Tangshan such that this total number shall have represented sixty percent (60%) of all the then issued and outstanding shares of common stock of Tangshan, upon the Closing of this transaction. The Sellers` shares are purchased for investment purposes only and may not be resold unless the resale thereof is registered under the appropriate Securities Laws or an exemption from such registration is available.



(B) at Closing, Buyer shall deliver to Sellers a non interest-bearing promissory note in the amount of $45,000,000 due and payable six months from the date of Closing.







SECTION 2. COVENANTS OF SELLERS.



(a) AFFIRMATIVE COVENANTS OF SELLERS. Prior to the Closing Date, Sellers covenants and agrees as follows:



(i) Sellers will conduct its business in the ordinary course of business. Without limiting the generality of the foregoing, Sellers will maintain its books and records, pay expenses and payables, bill customers, collect receivables, purchase inventory, perform all maintenance and repairs necessary to maintain its facilities and equipment in good operating condition (normal wear and tear excepted), replace inoperable, worn out or obsolete assets with assets of comparable quality, maintain an appropriate level of insurance, in each case, in the ordinary course of business in accordance with past custom and practice;



(ii) Sellers will use reasonable best efforts to preserve present business relationships, to the extent such relationships are beneficial to Sellers and its business, and to encourage Sellers` employees to continue their employment with Sellers both before and after the Closing;



(iii) Sellers will cause its employees and agents (including attorneys and accountants) to, permit Buyer employees, agents, accounting and legal representatives and its and their representatives to have reasonable access at reasonable times to Sellers` books, records, invoices, contracts, leases, personnel, facilities, equipment and other things reasonably related to the business and assets of Sellers, wherever located;



(iv) Sellers will promptly (once it has knowledge thereof) inform Buyer in writing of any variances from the representations and warranties contained in this Agreement or any breach of any covenant hereunder by Sellers;



(v) Sellers will cooperate with Buyer and use their reasonable best efforts to make all filings and applications, to give all notices and to obtain all Consents necessary for the consummation of the transactions contemplated by this agreement.



(b) NEGATIVE COVENANTS OF SELLERS. Prior to the Closing, without Buyer`s prior written consent, Sellers will not, and will not cause itself to:



(i) except as expressly contemplated by this Agreement, take or omit to take any action which, individually or in the aggregate, could be reasonably anticipated to have a material adverse effect upon the business, financial condition, operating results, employee relations, customer relations, assets, operations, rights or business prospects of Sellers; and



(ii) sell, lease, license or otherwise dispose of any interest in any of Sellers` tangible or intangible assets other than in the ordinary course of business, or permit any of Sellers` assets or property to be subjected to any Lien; and



(iii) except as expressly contemplated by this Agreement, terminate, modify or amend any material Contract or any Consent of, with or to any Governmental Entity or enter into any new material Contract without prior consent of Buyer.



SECTION 3. CONDITIONS TO OBLIGATION OF BUYER. The obligation of Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to the satisfaction of the following conditions as of the Closing:



(a) COMPLIANCE WITH LEGAL REQUIREMENTS. The consummation of the transactions contemplated by the transaction will not be prohibited by any Legal Requirement or subject Buyer or Sellers to any penalty or liability or other onerous condition arising under any Legal Requirement or imposed by any Governmental Entity.



(b) CONSENTS. All filings, notices, licenses and other Consents of, to or with, any regulatory entity that are required for (i) the consummation of the

transactions contemplated by the transaction; or (ii) for the conduct of the business of Sellers as heretofore conducted, will have been duly made or obtained by Buyer and Sellers from, including but not limited to Securities and Exchange Commission. All filings, notices, licenses and other Consents, as the case may be, must be filed within 3 business days after the signing of this agreement. The parties will cooperate, in good faith, in providing all information to the regulatory entity or entities as is required. Further, it is agreed that time is of the essence in obtaining the required regulatory approvals, if any. It is therefore agreed that if the regulatory entities request information and documentation from the parties, the requested information and documentation will be provided within 30 calender days from the

date of the request from the regulatory entities.



(c) EMPLOYMENT AND MANAGEMENT AGREEMENTS. Mr. An Fang Zhen and/or the principal(s) of Sellers will execute, on closing, mutually acceptable employment agreement(s) with Sellers and will continue to have management control over Sellers` business for a period not less than 36 months after the Closing.



(d) APPROVAL OF BOARD OF DIRECTORS OF BUYER. The board of directors of Buyer shall have approved the consummation of the transactions contemplated by this Agreement.



(e) DUE DILIGENCE. Buyer will have been satisfied in all material respects with the results of its business, legal, and accounting due diligence investigation and review of Sellers prior to the Closing.



SECTION 4. CONDITIONS TO OBLIGATION OF SELLERS. The obligation of Sellers to consummate the transactions to be performed by them in connection with the Closing is subject to satisfaction of the following conditions as of the Closing:



(a) REPRESENTATIONS AND WARRANTIES. The representations and warranties of Buyer set forth in Section 6 shall be true and correct at and as of the Closing Date.



(b) PERFORMANCE OF COVENANTS. Buyer shall have performed in all material respects all of the covenants and agreements required to be performed by it under this Agreement on or prior to the Closing Date.



(c) OFFICER`S CERTIFICATE. Buyer shall have delivered to Sellers a certificate to the effect that each of the conditions specified in Section 4(a)

and 4(b) have been satisfied.



Sellers may waive any condition specified in this Section 4 if it executes a writing so stating at or prior to the Closing.




SECTION 5. REPRESENTATIONS AND WARRANTIES OF SELLERS. As a material inducement to Buyer to enter into and perform its obligations under this Agreement, Sellers represents and warrants to Buyer that the statements contained in this Section 5 are true and correct as of the date hereof and will be true and correct as of the Closing Date.


(a) ORGANIZATION OF SELLERS. Tangshan is a Chinese corporation, duly organized and validly existing under the laws of the People`s Republic of China. .



(b) AUTHORIZATION; NO BREACH. The execution, delivery and performance of the transaction to which Sellers is a party, have been duly authorized by Sellers` Board of Directors, as the case may be.



(c) FINANCIAL STATEMENTS. Attached hereto as Exhibit 4 is the unaudited balance sheet and income statement of Tangshan as of December 31, 2003 and December 31, 2002, respectively, and the unaudited interim financial statements for the quarter ended March 31, 2004. The foregoing financial statements are consistent with the books and records of Sellers (which, in turn, are accurate and complete in all material respects) and present fairly the financial condition of Sellers in accordance with GAAP. Since the date of the Latest Balance Sheet, there has not been any material change in the business, assets, financial condition, operating results, employee relations, customer or manager relations or business prospects of Sellers not otherwise disclosed.



(d) ABSENCE OF UNDISCLOSED LIABILITIES. Except as set in Exhibit 5, Sellers has no Liability and, to the knowledge of Sellers, there is no basis for any proceeding, hearing, investigation, charge, complaint or claim with respect to any Liability, except for (i) Liabilities reflected on the face of Latest Balance Sheet, and (ii) Liabilities which have arisen since the date of the Latest Balance Sheet in the ordinary course of business (none of which relates to breach of contract, breach of warranty, tort, infringement, violation of or liability under any Legal Requirements, or any action, suit or proceeding and none of which is material individually or in the aggregate).



(e) ASSETS. Except as set forth on the attached Exhibit 6, Sellers has good and marketable title to, or a valid leasehold interest in, the properties and assets used by it, located on its premises or shown on the Latest Balance Sheet or acquired thereafter, free and clear of all Liens, except for properties and assets disposed of in the ordinary course of business since the date of the Latest Balance Sheet for fair value and except for Liens disclosed on the Latest Balance Sheet (including any notes thereto) and Liens for current property taxes not yet due and payable.



(f) CONTRACTS AND COMMITMENTS.



(i) Except as expressly contemplated by this Agreement or as set forth on the attached Exhibit 7, Sellers is not a party to or bound by any written or oral contract in excess of $10,000 individually or in the aggregate exceeding $50,000.



(ii) With respect to Sellers` obligations thereunder and, with respect to the obligations of the other parties thereto, all of the Contracts set forth or required to be set forth on the attached Exhibit 7 or any other Schedule hereto are valid, binding and enforceable in accordance with their respective terms. Sellers has performed all material obligations required to be performed by it under such Contracts and is not in default under or in breach of nor in receipt of any claim of default or breach under any such Contracts; no event has occurred which with the passage of time or the giving of notice or both would result in a default, breach or event of noncompliance by Sellers under any such Contracts; and, to the knowledge of Sellers and its principals, Sellers is not a party to any Contract requiring it to purchase or sell goods or services or lease property above or below (as the case may be) prevailing market prices and rates.



(iii) A true, correct and complete copy of each of the written Contracts referred to on the attached Exhibit 8 have been made available to Buyer.



(g) LITIGATION, ETC. Except as set forth on the attached Exhibit X and except where the liability of which is fully covered by Sellers` insurance policies or programs, there are no actions, suits, proceedings, orders, investigations or claims pending or threatened against or affecting Sellers (or pending or threatened against or affecting any of the employees of Sellers with respect to Sellers` businesses or proposed business activities), or pending or threatened by Sellers against any third party, at law or in equity, or before or by any Governmental Entity (including any actions, suits, proceedings or investigations with respect to the transactions contemplated by the transaction); neither Sellers nor its principals are subject to any arbitration proceedings under collective bargaining Contracts or otherwise or, any governmental investigations or inquiries; and, there is no valid basis for any of the foregoing. Neither Sellers nor its principals are subject to any judgment, order or decree of any court or other Governmental Entity, and neither Sellers nor its principals have received any opinion or memorandum or legal advice from legal counsel to the effect that it is exposed, from a legal standpoint, to any liability or disadvantage which may be material to its business.



(h) INSURANCE. The attached Exhibit 9 lists and briefly describes each insurance policy maintained for or on behalf of the Partnership with respect to

its properties, assets and business. All of such insurance policies are in full force and effect, and no default exists with respect to the obligations of Sellers under any such insurance policies and Sellers has not received any notification of cancellation of any of such insurance policies. The insurance coverage of Sellers is of a type and amount customary for entities of similar size engaged in similar lines of business.



(i) EMPLOYEES. Except as set forth on the attached Exhibit 10 Sellers is not aware that any executive or key employee of Sellers or any group of employees of Sellers has any plans to terminate employment with Sellers. Neither Sellers nor, to the best of Sellers` knowledge, any of its employees is subject to any non-compete, nondisclosure, confidentiality, employment, consulting or similar Contracts relating to, affecting or in conflict with the present or proposed business activities of Sellers.



(j) COMPLIANCE WITH LAWS. Except as set forth on the attached Exhibit 11, Sellers has complied with and is currently in compliance with all

applicable laws, ordinances, codes, rules, requirements, regulations and other Legal Requirements of all Governmental Entities relating to the operation and

conduct of its businesses or any of its properties or facilities, including all Legal Requirements relating to employment of labor, and neither Sellers nor any of its principals has received notice of any violation of any of the foregoing.



(k) REAL PROPERTY. The attached Exhibit 12 lists all real property either owned or leased by Tangshan(such property is referred to herein as the "REAL PROPERTY" and classified as either owned or leased).



(l) LEGAL COMPLIANCE. The items described on Exhibit 13 constitute all of the permits, filings, notices, licenses, consents, authorizations,

accreditation, waivers, approvals and the like of, to or with any Governmental Entity or any other Person (collectively, the "CONSENTS") which are required for

the consummation of the transactions contemplated by the transaction or the ownership of the assets or the conduct of the business of Sellers.



SECTION 6. REPRESENTATIONS AND WARRANTIES OF BUYER. As a material inducement to Sellers to enter into and perform their respective obligations under this Agreement, Buyer represents and warrants that the statements contained in this Section 6 are true and correct as of the date hereof and will

be true and correct as of the Closing Date.



(A) ORGANIZATION OF BUYER. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and is a fully-reporting publicly traded company both in the United States and Germany.



(B) AUTHORIZATION OF TRANSACTION. Buyer has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of Buyer, enforceable in accordance with its terms and conditions.



(c) NONCONTRAVENTION. The execution, delivery and performance of the transaction to which Buyer is a party do not and will not (i) conflict with or result in a breach of the terms, conditions or provisions of, (ii) constitute a default under, (iii) result in a violation of, or (iv) require any authorization consent, approval, exemption or other action by or declaration or notice to any Governmental Entity pursuant to, the charter or bylaws of Buyer or any material agreement, instrument or other document, or any material Legal Requirement, to which Buyer or its assets is subject.



SECTION 7. ADDITIONAL AGREEMENTS.



(a) EXPENSES. Except as otherwise provided herein, Buyer shall pay its own, and Sellers shall prior to Closing pay Sellers` expenses (including fees and expenses of legal counsel, or other representatives and consultants) incurred in connection with or related to the sales process, the negotiation of this Agreement, the performance of its (and in the case of Sellers) obligations hereunder and thereunder, and the consummation of the transactions contemplated by this Agreement.



(b) CONFIDENTIALITY. Each Party and each of its shareholders, partners, officers, directors and Affiliates shall keep confidential all information and

materials regarding this Agreement and shall not be disclosed to anyone except to a required regulatory body as required herein.



(c) GOING PUBLIC: As a further material inducement to Sellers to enter into and perform their respective obligations under this Agreement, Buyer shall be responsible for and pay all the expenses in connection with taking Tangshan public either through an initial public offering (IPO), a spin-off or a reverse merger in the United States and/or Europe at an opportune time following the closing of this transaction.




(d) CORPORATE SERVICES. Buyer agrees to assist Tangshan with respect to identification, introduction and analysis of prospective merger candidates, major investors, and strategic alliances in the areas of investment banking, marketing, public relations, investor relations, as well as guidance in any other matters or special projects, including but not limited to mergers and acquisitions, business development, capitalization, corporate governance, and strategic planning that may be required by Tangshan from time to time in the future.




SECTION 8. REMEDIES FOR BREACHES OF THIS AGREEMENT.



(a) SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All of the representations and warranties of the Parties contained in this Agreement shall

survive the Closing.



(b) INDEMNIFICATION PROVISIONS. Except as provided herein, Sellers will agree to protect, save, defend, indemnify, and hold harmless Buyer from and against any and all expenses, damages, claims, suits, action, judgments, and/or costs whatsoever, including attorney`s fees, arising out of, or in any

connected with, any claim or action arising out Sellers` business activities prior to closing and/or performance under this Agreement. The provisions of this section shall survive any termination or expiration of this Agreement.



Buyer will agree to protect, save, defend, indemnify, and hold harmless Sellers and its principals from and against any and all expenses, damages, claims, suits, action, judgments, and/or costs whatsoever, including attorney`s fees, arising out of, or in any way connected with, any claim or action arising out of the Buyer`s business activities prior to closing and/or performance under Agreement. The provisions of this section shall survive any termination or expiration of this Agreement.



(c) MANNER OF PAYMENT. Any indemnification of Buyer or Sellers pursuant to this Section 8 shall be effected by cashier`s or certified check or by wire transfer of immediately available funds from Buyer or Sellers, as the case may be, to an account designated by Sellers or Buyer, as the case may be, within 10 days after the determination of indemnification amounts. Any such indemnification payments shall include interest at the rate of 8% per annum from the date any such Adverse Consequence is suffered or sustained to the date of such payment is due pursuant to this Section 8.2(c) and interest at a rate of 10% thereafter until such Adverse Consequences are fully paid. Interest on any such unpaid amount shall be compounded semi-annually, computed on the basis of a 360-day year. Any indemnification payments made pursuant to this Agreement shall be deemed to be adjustments to the Purchase Price for tax purposes.




SECTION 9. DEFINITIONS.



"ADVERSE CONSEQUENCES" means, with respect to any Person, any diminution in value, consequential or other damage, Liability, demand, claim,

action, cause of action, cost, damage, deficiency, Tax, penalty, fine or other loss or expense, whether or not arising out of a third party claim, including all interest, penalties, reasonable attorneys` fees and expenses and all amounts paid or incurred in connection with any action, demand, proceeding, investigation or claim by any third party (including any Governmental Entity) against or affecting such Person or which, if determined adversely to such Person, would give rise to, evidence the existence of, or relate to, any other Adverse Consequences and the investigation, defense or settlement of any of the foregoing.



"CONTRACT" means any agreement, contract, instrument, commitment, lease, guaranty, indenture, license, or other arrangement or understanding between parties or by one party in favor of another party, whether written or oral.



"GAAP" means United States generally accepted accounting principles.



"GOVERNMENTAL ENTITY" means the United States of America, any state or other political subdivision thereof, or any entity exercising

executive, legislative, judicial, regulatory or administrative functions of government.



"LIABILITY" means any liability, debt, obligation, deficiency, Tax penalty, fine, claim, cause of action or other loss, cost or expense of any kind or nature whatsoever, whether asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, and whether due or become due and regardless of when asserted.



"LEGAL REQUIREMENT" means any requirement arising under any law, rule or regulation or any determination or direction of any arbitrator or

any Governmental Entity.



"ORDINARY COURSE OF BUSINESS" means the ordinary course of the Partnership`s business consistent with past custom and practice, including as to frequency and amount.



"PARTY" means any party hereto.




SECTION 10. MISCELLANEOUS.




(a) NO THIRD PARTY BENEFICIARIES. This Agreement shall not confer any rights or remedies upon any Person other than the Parties and their respective successors and permitted assigns.



(b) ENTIRE AGREEMENT. This Agreement (including the documents referred to herein) constitutes the entire agreement between the Parties and supersedes any prior understandings, agreements or representations by or between the Parties, written or oral, that may have related in any way to the subject matter hereof.



(c) SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns, but neither this Agreement nor any of the rights or obligations hereunder may be assigned (whether by operation of law, through a change in control or otherwise) by Sellers without the prior written consent of Buyer, or by Buyer (except as otherwise provided in this Agreement) without the prior written consent of Sellers. Buyer may (at any time prior to the Closing), at its sole discretion, assign, in whole or in part, its rights and obligations pursuant to this Agreement to one or more of its Affiliates. For purposes hereof, Buyer`s "Affiliates" include Affiliates which may be organized subsequent to the date hereof. Buyer may assign all or any portion of this Agreement and the other agreements contemplated hereby (including rights hereunder and thereunder), including its rights to indemnification, to any of its or its Affiliates` (whether prior to or subsequent to the Closing) lenders as collateral security. After the Closing, Buyer may assign this Agreement and its rights and obligations hereunder in connection with a (i) merger or consolidation involving Buyer or any of its Affiliates, (ii) a sale of stock or assets of Buyer or any of its Affiliates or (iii) dispositions of the business of the Partnership or any part thereof.



(d) COUNTERPARTS. This Stock Purchase Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all

of which together shall constitute one and the same instrument.



(e) HEADINGS. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or

interpretation of this Agreement.



(f) NOTICES. All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim

or other communication hereunder shall be deemed duly given when delivered personally to the recipient or sent to the recipient by telecopy (receipt

confirmed) or by reputable express courier service (charges prepaid), and addressed to the intended recipients as set forth below:



IF TO SELLERS:



Mr. An Fang Zhen



Tangshan Yutian Saw Corporation



Yahongqiao Town, Yutian Couny, Hebei, China




IF TO BUYER:



Providential Holdings, Inc.

8700 Warner Avenue, Suite 200

Fountain Valley, CA 92708, USA



Any Party may send any notice, request, demand, claim or other communication hereunder to the intended recipient at the address set forth above using any

other means, but no such notice, request, demand, claim or other communication shall be deemed to have been duly given unless and until it actually is received

by the intended recipient. Any Party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be

delivered by giving the other Party notice in the manner herein set forth.



(g) GOVERNING LAW AND ARBITRATION. This Agreement shall be governed by and construed in accordance with the laws of the State of California without giving effect to any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the State of California. All disputes between Buyer and the Sellers hereunder shall be settled by arbitration before a single arbitration pursuant to the rules of the American

Arbitration Association, in Orange County, California; provided, however, that (a) the parties shall be permitted to have discovery in accordance with the

Federal Rules of Civil Procedure and (b) any award pursuant to such arbitration shall be accompanied by a written opinion of the arbitrator giving the reasons

for the award. A request for arbitration shall be evidenced by the party requesting arbitration giving notice of the intention to arbitrate in accordance with the provisions of Section 10(f) hereof. The arbitrator shall be selected by the joint agreement of Buyer and Sellers, but if they do not so agree within 20 days of the date of a request for arbitration, the selection shall be made pursuant to the rules of the American Arbitration Association. The award rendered by the arbitrator shall be final, conclusive and binding upon the parties hereto, and judgment upon the award rendered may be entered by a California Court having jurisdiction. Each party waives any right of appeal it may have. Nothing herein set forth shall prevent Buyer and Sellers from settling any dispute by mutual agreement at any time.



(h) AMENDMENTS AND WAIVERS. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by the

Parties hereto. No waiver by any Party of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be

deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising

by virtue of any prior or subsequent such occurrence.



(i) INCORPORATION OF SCHEDULES. The Exhibits identified in this Agreement are incorporated herein by reference and made a part hereof.



(j) SEVERABILITY OF PROVISIONS. If any covenant, agreement, provision or term of this Agreement is held to be invalid for any reason whatsoever, then

such covenant, agreement, provision or term will be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement and will

in no way affect the validity or enforceability of any other provision of this Agreement.



(k) SUCCESSOR LAWS. Any reference to any particular Code section or any other Legal Requirement will be interpreted to include any revision of or

successor to that section regardless of how it is numbered or classified.



(l) DELIVERY BY FACSIMILE. This Agreement and any signed Contract entered into in connection herewith or contemplated hereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine, shall be treated in all manner and respects as an original Contract and shall be

considered to have the same binding legal effects as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such Contract, each other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such Contract shall raise the use of a facsimile machine to deliver a signature or the fact that any signature or Contract was transmitted or communicated through the use of facsimile machine as a defense to the formation of a Contract and each such party forever waives any such defense.



(m) ATTORNEY FEE AND COST PROVISION. In the event that either party hereto shall commence any action or arbitration proceeding against the other party hereto arising out of or in connection with this Agreement, or contesting the validity of this Agreement or any provision hereof, the prevailing party shall

be entitled to recover from the other party reasonable attorney`s fees and related costs, fees and expenses incurred by the prevailing party in connection with such action or proceeding.




IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.






Dated: June 7, 2004




"Buyer": Providential Holdings, Inc.



By: /s/ Henry D. Fahman

Henry D. Fahman


Chairman and CEO








Dated: June 7, 2004




"Sellers": Tangshan Yutian Saw Corporation





By: /s/ An Fang Zhen


An Fang Zhen, President






By: /s/ An Fang Zhen


An Fang Zhen, Shareholder






LIST OF EXHIBITS






Exhibits Description



1 Articles of Incorporation

2 Bylaws

3 List of shareholders and stock holdings

4 Financials

5 Liability disclosure

6 Assets

7 Contracts

8 Litigation

9 Insurance

10 Employees

11 Compliance with law

12 Real Property

13 Permits/Licenses



--------------------------------------------------------------------------------






--------------------------------------------------------------------------------
End of Filing

[greyhound_cc]

na die hauen aber rein....

junge wenn fahman so weiter macht....

dann macht der noch dieses jahr 1 Millarde USD REV.----

WAHNSINN...

[brezlbua]

@ Bierstuhl

Mit anderen Worten: Du beteiligst Dich wider besseren Wissens an einer Firma, deren Gesachäftspraktiken Du als unseriös entlarvt hast.
Woher kommt Dein plötzlicher Optimismus? Denkst Du, dass der CEO künftig mehr als nur heiße Luft produziert - vielleicht weil jetzt das Stichwort China den Karren aus dem Dreck zieht???

Ich habe gestern schon in einem anderen Thread geschrieben: Wenn ein CEO derart marktschreierisch "kursbewegende Neuigkeiten" ankündigt, dann dreht sich mir der Magen um. Nach meiner Erfahrung verfolgen solche Kandidaten damit in aller erster Linie eigene Interessen - natürlich immer auf Kosten der Aktionäre. Wenn dies in der Vergangenheit bei PRVH so war, dann sehe ich keinen Grund, warum sich diese Praktiken in Zukunft ändern sollten.

Gruß von Brezlbua an Bierstuhl

*Prost*

[Bierstuhl]

@brezlbua

hmmm .... du hast mich ganz gut verstanden. Ich bin immer noch der Meinung, dass die bisherigen Geschäfte von PRH unweigerlich in den Konkurs geführt hätten.
Dass der CEO hauptsächlich in die eigene Tasche arbeitet (mit m.E. unsauberen Mitteln Aktienkäufe/Verkäufe nach lancierten Jubelmeldungen) ist widerwärtig.
Dennoch kann man an dem Firmenerwerb der Sägeblattfirma nicht vorbeisehen. Das bisher überteuerte Papier (Perspektive: Insolvenz) hat hier eine Basis gefunden, die mir persönlich jetzt tragfähig erscheint. Der Kurs ist zwar angestiegen, aber noch lange nicht teuer.
Die Perspektive dagegen umso verlockender.
Ich kenne das Phänomen, dass sich Firmen aus den Emerging Markets Amerikaner ins Boot holen, von den Russen. Dort hat beinahe jede Ölcompany einen Texaner oder Briten (als Firma oder Einzelperson) an die Firmenspitze gesetzt - scheinbar mit Erfolg(siehe explodierende Aktienkurse). Die rein russisch traditionell agiernden Companys haben da das Nachsehen. (Was nict heißt, dass ich persönlich viel von diesen US-Großmäulern halte).

Seis drum ... Bewertung billig .... weitere Chinamerger in Aussicht ... n Versuch is es wert. Ich trade nicht ... kaufen und liegenlassen.

mfg

Bierstuhl

[schwechater]

#31 Wayne, wenn Du in Zukunft eine Meldung ins internet reinstellst achte auf die Länge des Elaborats!
Vielleicht stellst Du ja auch nur die Passage rein, die Du als wichtig erachtest und auch verstehst.
Würden wir schon sehr geholfen werden

[alpenkoenig]

@schwechater
wenn du die Unart Dokumente , im Speziellen SEC-Filings,
in Threads zu kopieren, anstatt einfach den Link zu posten, kritiseren würdest, wäre ich sofort deiner Meinung.
Ansonsten will ich schon selbst entscheiden, welche Passagen eines Doumentes ich für wichtig erachte.
Gerade beim von dir kritisierten Filing gibt es quer durch interessante Abschnitte (z.B ist bereits jemanden
aufgefallen, daß bereits im vorliegenden Vertrag eine Zweitfrist bis 24, Juli vereinbart wurde, falls es sich bis 30. Juni doch nicht ausgeht ?).
Mich stört eher, daß auch bei EDGAR alle angeführten Exhibits fehlen.

Also ich bin für Links anstatt Kopien, wenn schon Kopie dann komplett.

Gruß
AK

[schwechater]

aha, alpenkönig ist also wayne!

[schwechater]

Lieber alpenkönig! Dann mach Dir die Mühe, und such Dir die Deinem Interesse entsprechende Mitteilung heraus; aber setze nicht das Mitlesen/ wenn auch nur mitscrollen der anderen Leser voraus und mitein.

[alpenkoenig]

@schwechater
du scheinst einfachste deutsche Sätze nicht verstehen zu können. Ich ärgere massiv darüber daß solche seitenlange Dokumente in Threads kopiert werden, wenn es mit Verlinkung auch getan wäre (das dürfte ich wohl klar zum Ausdruck gebracht haben).
Aber ich möchte nicht, so wie du das vorschlägst, selektiv informiert werden, sondern ich möchte die Selektion schon selbst vornehmen.

Die schlimmste Unart ist es jedenfalls Teile aus einem Dokument zu posten, ohne die entsprechende Quelle auch zugänglich zu machen.
Daher mein Hinweis, wenn schon kopieren dann lieber alles als nur Ausschnitte.


Gruß
AK

[wayne99]

#37 falsch - mich gibt es nur einmal, also keine weiteren Unterstellungen mehr bitte

[Undertaker1]

[GuenterNetzer]

Providential Holdings to Distribute Share Dividends From Subsidiary

FOUNTAIN VALLEY, CA, Jun. 17, 2004 (MARKET WIRE via COMTEX) -- Providential Holdings, Inc. (OTC BB: PRVH); Berlin Stock Exchange: PR7, WKN 935160; (www.phiglobal.com) today announced that it is now ready to distribute 20,000,000 shares of ATC Technology Corp`s common stock as a special dividend to all the PRVH shareholders of record as of December 31, 2003, on a pro-rata basis.

It is estimated that PRVH shareholders of record as of December 31, 2003 will receive one ATC share as dividend for every five PRVH shares held. All eligible shareholders will receive confirmation of the exact amount of dividend shares in the next few weeks.

Currently the core business of ATC Technology Corp is mobile video electronics. Its main customers are the retailers in the US. The management is currently in negotiations with a couple acquisition candidates to augment or complement ATC`s core business before the spin-off to create additional value for the shareholders. The final decision will be made public in a matter of days.

Following the dividend payout, ATC will file a registration statement with the Securities and Exchange Commission to become a fully reporting public company. The dividend shares will be free trading when the SEC completes its review process and declares the registration effective. As a result of the payout, PRVH as the Company will own 80,000,000 shares and PRVH shareholders will own 20,000,000 shares of the ATC`s outstanding common stock at the time of the dividend distribution.

The Company plans to distribute additional share dividends from its other subsidiaries and will announce the record dates for those distributions in the near future.

About Providential:

Providential Holdings, Inc., a diversified service and manufacturing company, focuses on selective technologies, financial services, international markets and special situations. Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, and telecommunications. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: www.phiglobal.com.

Safe Harbor: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company`s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company`s ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact:

Providential Holdings
Henry Fahman
714/849-1577
[e-mail]

SOURCE: PROVIDENTIAL HOLDINGS, INC.

GN

[GuenterNetzer]

PRVH wird nächste Woche im FRANKFURT FINANCE NEWSLETTER einen Artikel bekommen...

GN

[Opla]

Jau Guenter und auf den bin ich am meisten gespannt...

[trustone]

von wo weist du das mit dem Newsletter
übrigens heut gehts wieder bergauf ich glaub bis 0.2

[trustone]

In den nächsten zehn tagen wird es spannend werden
bis zum 30 sollen ja einige Big Deals endgültig
unter Dach und Fach sein
dann sehn wir uns in anderen höhen wieder

[GuenterNetzer]

In USA wird gerade eine Lachnummer abgezogen, die uns allen Grund zur Freude bereitet...es wird bald nach oben gehen...

GN

[Der.Papst]

bla bla bla... wie immer

[GuenterNetzer]

@Der.Papst

Nein, FAKTEN...wie immer...

GN

[schakal23]

was ist jetzt los 11%in minus sind die doch bleite?

[Opla]

Ja genau, die sind "bleite"... unglaublich was hier wieder abgelassen wird.

[Heinerle2]

@49 GN: Ja dann erzähl mal die Fakten....

Greetinxx Heinerle2

[Sentaosa]

Yutian Saw
Fakt ist dass keine chinesische Firma fuer 80 Mio.$ Saegezaehne verkaufen wird und dann noch mit 25% Rendite.
Keine.
Hier ein Hinweis, Chinesen bezeichnen ihre eigene Waehrung mit China-Dollar, vielleicht gab es da eine Verwechselung in der Buchhaltung.

Hefei I & S
Die selben Erfolgszahlen in den ersten 4 Monaten: 105 Mio.$ Umsatz, 11 Mio.$ Profit. Wieso steht in dem MOU `restructure`?
Mit den Renditen waere Hefei schon auf dem 1. Platz im chinesischen Stahlmarkt.

[alpenkoenig]

@sentosa
so steht es in der PR zu Hefei I & S.

.....
Jan 1, 2004 - Apr 30, 2004, its revenue was $105,000,000 and gross profit was $11,375,000.
....


Und so in der PR zu YTSAW.

....
For the first five months of 2004, revenues were $40,717,200 and net profits were $9,303,335,
....


Zwischen gross profit und net profit ist ein ziemlich großer Unterschied.

Weiters wurde hier mal ein Artikel gepostet, der beschrieben hat, daß Hefei ein Stahlverfahren verwendet, welches nicht mehr dem aktuellsten Stand entspricht und zu engergieintensiv ist.
Daher vermutlich restructure.

Das einzige Faktum das ich hier sehe ist,
daß du Probleme mit dem Lesen zu haben scheinst, oder lieber Pseudofakten (ala Fakt ist dass keine ...) postest anstatt dich zuerst zu informieren.

Daß bezüglich der Korrektheit der Bilanz etwas Unsicherheit herrscht
(aber immerhin stehen diese Zahlen auch im SEC-Filing und da kann Henry nicht einfach Hausnummern reinnehemen)
wurde hier auch von mir schon gepostet, aber diesbezügliche Bedenken als Faktum zu verkaufen ist
schon ziemlich abenteuerlich.
Wie du mit tatsächlichen Fakten umgehst, sieht man in Posting #53.

Gruß
AK

[GuenterNetzer]

@Sentaosa

Was bist Du denn für einer? Kannst Du Deine wilden Behauptungen auch mit Fakten belegen???

GN

[Der.Papst]

wir warten noch auf Deine Fakten, Günni!!!

Mal eine ganz andere Frage: Ich habe mit einem Kumpel ne Wette laufen, wie groß Günter Netzer ist (Körpergröße)
Kann mir da jemand weiterhelfen? (ernstahft!)

Beste Grüße,

Daniel

[GuenterNetzer]

Here we go...aber die eigentlichen China-NEWS kommen noch...

Providential Holdings` Subsidiary Touchlink Communications LaunchesCompetitive Long Distance Service

FOUNTAIN VALLEY, CA, Jun. 22, 2004 (MARKET WIRE via COMTEX) -- Touchlink Communications (www.touchlinkcom.com), a subsidiary of Providential Holdings, Inc. (OTC BB: PRVH) (Berlin: PR7, WKN 935160), www.phiglobal.com, today announced the official launching of its feature-rich and low cost long distance service that provides users the lowest rates per minute and simplest billing plan.

Within the first half hour of our advertisement, Touchlink`s central call center received a myriad of customer calls from all over the country. Seventy percent of those who called signed up for a prepaid calling plan instantly. The customers also expressed excitement with Touchlink`s simple billing plan versus the industry`s current complex billing maze.

Users can visit the Company`s web site at www.touchlinkcom.com or call [phone] or [phone] to sign up for Touchlink`s service.

" Touchlink enhanced long distance service is an exciting technology that can transform the way people communicate and today it`s getting even cheaper," said Joseph Mai, CEO of Touchlink Communications. " Our business vision is to deliver products and services that provide value and make the customer`s life easier."

" Today, consumers have to make a prudent choice of companies when they select a long distance service provider," said Charles Tran, President of Touchlink Communications. " With Touchlink, they`ll be able to get the lowest rates on long distance service. Once they register either their work, home or even mobile phone numbers, they can make calls without entering any PIN and conveniently manage their billing online via our web site at www.touchlinkcom.com."

About Touchlink Communications

Touchlink Communications is a fast growing provider of US domestic and international long distance service with the low cost per minute. Using cutting-edge internet telephony technologies, we provide our customers the most economical way to communicate on the phone in the US and around the globe.

About Providential Holdings

Providential Holdings and its subsidiaries engage in a number of diverse business activities among which the most important is mergers and acquisitions. Other products and services include basic metals, consumer electronics, education, identification technology, industrial tools, information technology, telecommunications, trade commerce, and special situations, especially in the U.S. and emerging overseas markets with high potential for growth. URL: www.phiglobal.com.

Safe Harbor: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company`s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company`s ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact:

Touchlink Communications
Charles Tran
866/409-2400

Providential Holdings
Henry Fahman
714/849-1577
[e-mail]

SOURCE: PROVIDENTIAL HOLDINGS, INC.

GN

[Der.Papst]

und wie groß ist günter netzer nun?

[Sentaosa]

Ja das ist mein Problem Euch aufzuklaeren oder zu informieren oder etwas zu beweisen. Kann ich nicht, will ich auch nicht und wohl am wichtigsten, ich habe keine Zeit dafuer. Wie soll ich auch diese Zahlenangaben ueberpruefen und richtig stellen. Sind die aus den Jubelnews und Filing gezogenen Zahlen Eure Fakten und weil niedergeschrieben richtig??

Zu mir, ich lebe und vor allem arbeite in China (seit 15 Jahren), habe ein gesunden Blick fuer chinesische Firmen.
Gerade im Stahlmarkt in dem ich taetig bin habe ich mehr als hundert Firmen besucht und Geschaeftsbeziehungen mit denen, bei Hefei I&S war ich nie. Dafuer hat man ja Fahmann.

Ich sage nur das ich die Zahlen anzweifele, von beiden Firmen.

[alpenkoenig]

@sentosa,
für deine behaupteten Chinaerfahrung sind deine Rechercheergebnisse aber ziemlich erbärmlich.
Nichtchinaexperten hier im Board waren in der Lage fundierte Informationen über Hefei I & S zu bekommen.
Wie das Folgende, wo auch relativ klar dargestellt wird, daß eine entsprechende Umrüstung notwendig ist.
Ich habe jetzt auch keine Zeit länger zu suchen, daher nur soviel genauere Informationen zu dem Artikel im Hauptthread so um den 4.6(Thread: PRVH - "Things will be great for the company" so um Posting # 7605).

Hefei Iron and Steel Group Corporation
Hefei Steel, originally built in 1957, has a production
capacity of 1 Mt per year [CISA, 2001c]. In 2000, the
financial situation of loss-making that had been going
on since 1994 was beginning to turn.
With respect to energy performance, there is still a big
gap compared to best practice, such as at Bao Gang
Steel[4], in spite of a lot of technical and managerial
measures having been implemented for improvement
of energy efficiency, The energy performance is below
average in China, as is shown in Figure 4. The weak
energy efficiency performance at Hefei Steel is due to
a number of factors, among which the dispersed configurations
of the production and the obsolete equipment
have become two outstanding factors holding
back energy efficiency improvements. It appears difficult
for Hefei Steel to catch up, if no acceleration in
technological upgrading takes place.
The choice of technology is indeed a dilemma for Hefei
Steel as choosing the traditional retrofitting path
will probably result in some short-term economic
gains but will hardly enhance the competitiveness of
the enterprise, since other mills will most likely develop
better and quicker. It is difficult for the decision-
makers to identify and evaluate new promising
projects without support from technically qualified advisors.
In addition, social responsibilities must be
taken into consideration as well, when risks associated
with new technologies are assessed.


Aber immerhin du bist der Experte, hast zwar keine Fakten aber du zweifelst, du hast auch keine Argumente außer deine behauptete Chinaexpertise.
Ich behaupte jetzt auch mal was, wenn eine Firma ein gross profit von 10 Mio. macht, kann Netto sogar ein Verlust herausschauen.
Daher, solange du keine Beweise dafür hast daß die Zahlen falsch sind helfen uns deine Zweifel in keiner Weise weiter.
Ich kenne HF inzwischen gut genug um zu wissen, daß er Gründe hat bei Hefei ausschließlich den gross profit zu erwähnen, da vermutlich der net profit nicht so positiv dargestellt werden kann.
Daher wenn man zwischen den Zeilen liest läßt sich durchaus erkennen, daß bei Hefei nicht alles zum Besten zu stehen scheint, ansonsten hätte HF wohl auch einen Nettogewinn angegeben und der Hinweis auf eine kapitalintensive Umrüstung wäre wohl auch unterblieben.

Also ich sehe keine falschen Zahlen sondern eine diplomatische Umschreibung des Negativen und das ist wohl noch zulässig.
Und Obiges liefert auch einige Gründe warum das Werk überhaupt zum Verkauf steht, da es mit einer simplen Übernahme nicht getan ist, braucht man jemanden, der entsprechend Kapital nachschießt.

Hier noch mein Kommentar vom 4.6. zu dem gesamten Thema.

Also, die brauchen wie es scheint dringend Kapital, das könnte bei den Zukunftsaussichten in China für finanzkräftige Investoren ziemlich lukrativ werden.
Für PRVH ist der Brocken aber um viele Nummern zu groß, also hoffen wir mal, daß eher `lead a consortium ` als
`Providential Holdings to Acquire` zutrifft.



Gruß
AK

[asiate]

Hey

gibt es wieder einen neuen Thread oder weshalb hängt der hier schon seit Tagen ab

Dabei bringen die bei vielen verhassten von AE so gar eine freundliche Mitteilung


http://www.asia-economy.de/php_fe/index.php?sektion=reiter&t…

Bis dann

[trustone]

nach den heutigen News wirds morgen wieder steil richtung
Norden gehen

[Bierstuhl]

@asiate

der neue thread ist von

"F@lke"

[GuenterNetzer]

Providential Holdings FFN empfielt Strong Buy,
externe Analyse
Am 11.02.2004 sprach asia economy für Providential Holdings eine Strong SELL Empfehlung aus. Von ihrem damaligen Kurs über 0,30 USD verlor die Aktie bis Ende Mai, etwa 70 %. Seitdem konnte die Aktie wieder zulegen und notiert mit 0,19 USD "nur" noch 46 % tiefer als zu unserer damaligen Verkaufsempfehlung. Um Ihnen eine objektive Berichterstattung zu präsentieren verweisen wir hier auf ein Interview des "Frankfurter Finance Newsletters", der Providential Holdings mit einem Strong Buy bewertet. Wir halten den Fall Providential für noch nicht abgeschloßen und werden die Aktivitäten von Providential weiterhin beobachten. Derzeit prüfen wir ob eine Ratingänderung oder Bestätigung vorgenommen werden sollte.

"der Frankfurter Finance Newsletter (FFN) hat mit dem Vorstandsvorsitzenden der US-amerikanischen Beteiligungs- und Beratungsgesellschaft Providential Holdings Inc. ein Exklusiv-Interview unter anderem über die neue Ausrichtung des Unternehmens auf China geführt und dem CEO Henry D. Fahman die Gelegenheit gegeben, sich zu den Vorgängen um die Aufgabe des Brokergeschäftes zu äußern."...Klicken Sie hier um das Interview zu lesen!!!

GN

[GuenterNetzer]

Der wichtigste Auszug aus dem Interview im Frankfurt Finance Newsletter...

Das Gesicht ihres Unternehmens hat sich durch Ihre Zukäufe in den letzten Wochen dramatisch verändert. Kann man so weit gehen, zu sagen, alle bisherigen Einschätzungen über Providential Holdings sind jetzt makulatur?
Wir werden in den nächsten Tagen und Wochen wichtige Transaktionen und Entwicklungen vermelden können. Diese werden aller Voraussicht nach die Unternehmensperformance sehr positiv beeinflussen, sowohl kurzfristig als auch langfristig. Zu den bereits vorhandenen Pressemitteilungen werden sich einige weitere einreihen. Unsere Übernahmeziele sind verschiedene Unternehmen in der Volksrepublikk China. Zunächst haben wir eine Absichtserklärung mit der staatlichen Hefei Iron & Steel Group company über eine Akquisition unterschrieben und mit der Tangshan Yutian Saw Corporation einen Übernahmevertrag unterzeichnet. Wir sind in Verhandlungen mit weiteren Firmen. Meldungen hierzu wird es Anfang Juli geben. Wir sind sehr zufrieden mit unseren Neuerwerbungen in China. Seit seinen ökonomischen Reformen 1978 hat China eine erstaunliche Transformation erlebt und ist heute der drittgrößte Markt weltweit. Wir nutzen diese bemerkenswerten Chancen. Unsere chinesischen Partnerfirmen verfügen über eine sehr solide Basis mit hohen Umsätzen und Gewinnen. Diese Firmen haben große Marktanteile im eigenen Land. Wir werden diese Firmen zu weiterem Wachstum außerhalb Chinas verhelfen und den Zugang zu westlichen Kapitalmärkten erleichtern. Sowohl wir als auch unsere Tochterunternehmen werden ihre Unternehmenswerte im Sinne der Aktienanleger steigern können.


Providential Holdings hat das Stahlunternehmen Hefei Iron & Steel Group, mit über 15.000 Mitarbeitern, übernommen. Gerade Stahl ist in China sehr gefragt momentan
Die Mehrheitsbeteiligung bei Hefei Iron & Steel Group Company betrachten wir als langfrstige Investition, weil es sich hier um ein staatliches Unternehmen handelt und viele Formalitäten zu beachten sind. Der Umsatz des Unternehmens lag 2003 bei 257 Mio. USD. 36 Mio. USD Gewinne konnte Hefei Iron & Steel Group einstreichen. Die Resultate der ersten Monate diesen Jahres zeigen eine ähnlich gute Entwicklung. Die derzeitige Produktionskapazität des Unternehmens liegt bei 1,4 Mio. Tonnen im Jahr. Wir wollen mit der Bildung eines Konsortiums bei Hefei investieren und die Kapazität auf 2 Mio. Tonnen erhöhen. China ist mengenmäßig der größte Stahlerzeuger der Welt. Die aufblühende Baubranche, Automobilbranche und Werftindustrie benötigen alle Stahl. Mit unseren Investitionen in die Ausrüstung des Unternehmens werden wir bald auch hochwertigeren Stahl zum Beispiel für die Automobilbranche erzeugen können. Diese Transaktion hat einen enormen Wert für unsere Aktionäre.


Kaum minder aussichtsreich ist Ihre Mehrheitsbeteiligung bei Yutian Saw Corporation.
Bei Yutian Saw Corporation haben wir vor ein paar Tagen eine Mehrheitsbeteiligung von 60 % angekündigt. Yutian ist ein führender chinesischer Hersteller von Sägeblättern für Kreissägen.Yutian hat ein ausgezeichnetes Management Team und vorzüglich besetzte Forschungs- und Entwicklungsabteilung. Die Produkte des Unternehmens sind aufgrund des Baubooms in China sehr gefragt. Wir werden den Werkzeugfabrikanten bis Frühjahr 2005 auf den Börsengang in den USA und Europa vorbereiten. Damit wird Yutian Zugang zum Kapitalmarkt haben und einen rasanten Expansionskurs auf nicht-chinesischen Märkten anstreben. Die Umsätze des Unternehmens lagen im Jahr 2003 bei 81,5 Mio. USD und die Gewinne bei 17,9 Mio. USD. Der Wachstumskurs des chinesischen Herstellers setzt sich auch zu Beginn dieses Jahres sichtbar fort. Mit dem Börsengang erwarten wir für das Unternehmen eine Marktkapitalisierung von 395 Mio. USD. Dementsprechend wird auch Providential Holdings deutlich profitieren.

GN

[GuenterNetzer]

PRVH PRVH
PROVIDENTIAL HOLDINGS OTCBB


Back to Headlines | Previous Story | Next Story



Providential Holdings` Subsidiary ATC Technology Corp Acquires a Leading Medical Device Maker



FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 07/06/04 -- Providential Holdings, Inc. (OTC BB: PRVH) (Berlin Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) today announced that its wholly owned subsidiary ATC Technology Corp has signed an agreement to acquire 96% ownership of a leading Chinese high tech medical device manufacturer, Shenzhen Lifetech Scientific Inc. (Shenzhen, China) www.lifetechmed.com/english/index.asp.

In preparation for ATC to become a publicly traded company and in order to increase its share value, the management of ATC and PRVH had decided to look for a high tech, high growth and high profit margin company for ATC to acquire and to increase its total sales revenue and profit figures. Lifetech was selected because of its leadership position in several products, such as the Occluder, a similar product made by AGA Medical Corp in Minnesota, USA, www.amplatzer.com. AGA has about 60% market share in China, while Lifetech has 25-30% market share and increasing. According to the signed agreement, ATC will fund the acquisition using a portion of its common stock after the distribution of share dividends recently announced.

Lifetech is an established company with solid revenues and profit for the past five years. Its major products include the minimum invasive medical devices: 1) drug coated coronary stents, renal stents inserted into blood vessels by doctors to unclog coronary and renal artery blockages without open surgeries; 2) TAA/AAA stent grafts for treating aortic aneurysm; 3) vena cava filters for prevention of pulmonary embolism; 4) occluders for treating congenital heart defects. Patients can usually feel the benefits immediately and return home the next day. Lifetech Scientific, Inc.`s products are made in its own clean room facility and sold directly to hospitals in China. It has an extensive network of sales offices throughout China. The company has spread its products to more than 20 provinces. Since the sales volume of occluders accounts for 25-30% of the domestic market, the company has become the biggest domestic supplier of occluder in China.

Lifetech`s revenues and net profits are expected to reach $3,200,000 and $1,000,000, respectively, for the year 2004 and to $10,000,000 and $2,000,000 respectively in 2005 because of several new products ready to hit the market soon. From 2005 henceforth, it expects to grow at the rate of more than 20% per year in next five to ten years because of the untapped market potential in China. Therefore, with a Price/Earnings ratio greater than 20 (current industry P/E ratio is approximately 25x), the new public company`s market capitalization is expected to surpass $20,000,000 in 2004 and $40,000,000 in 2005, respectively. Lifetech enjoys a home base advantage and has consistently generated gross profit margins of over 50%. All of their devices have obtained the Chinese SFDA regulatory approvals (similar to the FDA in the USA).

Keith Wong, President and CEO of ATC Technology Corp., stated, "This new acquisition enables ATC to enter the very lucrative medical device market in China and not to rely completely on its mobile electronics business, which is facing increasing competitions. This acquisition will make ATC`s shares much more valuable. Because of the life style changes due to its rapid industrialization, the problems of constricted blood vessel due to plaque buildup common in the US are appearing rapidly in China. Lifetech Scientific is there with the right affordable products in the right place and at the right time. These products unblock arteries in the heart, lungs and kidneys without open surgeries. We expect to close this acquisition in 60-90 days from now."

About Providential:

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which is mergers and acquisitions.

The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by: (1) Acting as an incubator for emerging companies and technologies that deals with young firms whose production and operational capability can be brought up to speed relatively quickly if product acceptance occurs. (2)Taking minority interest as compensation for financial consultancy and M&A advisory services with the objective of exiting at a profit once the company has restructured or performs as expected after listing.(3)Acquiring and consolidating undervalued opportunities in various high-growth industries to create additional value for our shareholders and target partners by combining expertise in both the product and capital markets.

URL: http://www.phiglobal.com

About ATC Technology:

ATC Technology Corporation, an Arizona corporation, makes mobile entertainment products and sells to chain stores. The Company has also set up a medical division to focus on angioplasty devices and other medical products in China. http://www.atctech.com

Safe Harbor: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company`s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company`s ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact:
Providential Holdings
Henry Fahman
714-849-1477
www.phiglobal.com

Lifetech Scientific
Eric Zi
011-86-0755-83570973
www.lifetechmed.com

PRVH PRVH
PROVIDENTIAL HOLDINGS OTCBB


Back to Headlines | Previous Story | Next Story



Providential Holdings` Subsidiary ATC Technology Corp Acquires a Leading Medical Device Maker



FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 07/06/04 -- Providential Holdings, Inc. (OTC BB: PRVH) (Berlin Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) today announced that its wholly owned subsidiary ATC Technology Corp has signed an agreement to acquire 96% ownership of a leading Chinese high tech medical device manufacturer, Shenzhen Lifetech Scientific Inc. (Shenzhen, China) www.lifetechmed.com/english/index.asp.

In preparation for ATC to become a publicly traded company and in order to increase its share value, the management of ATC and PRVH had decided to look for a high tech, high growth and high profit margin company for ATC to acquire and to increase its total sales revenue and profit figures. Lifetech was selected because of its leadership position in several products, such as the Occluder, a similar product made by AGA Medical Corp in Minnesota, USA, www.amplatzer.com. AGA has about 60% market share in China, while Lifetech has 25-30% market share and increasing. According to the signed agreement, ATC will fund the acquisition using a portion of its common stock after the distribution of share dividends recently announced.

Lifetech is an established company with solid revenues and profit for the past five years. Its major products include the minimum invasive medical devices: 1) drug coated coronary stents, renal stents inserted into blood vessels by doctors to unclog coronary and renal artery blockages without open surgeries; 2) TAA/AAA stent grafts for treating aortic aneurysm; 3) vena cava filters for prevention of pulmonary embolism; 4) occluders for treating congenital heart defects. Patients can usually feel the benefits immediately and return home the next day. Lifetech Scientific, Inc.`s products are made in its own clean room facility and sold directly to hospitals in China. It has an extensive network of sales offices throughout China. The company has spread its products to more than 20 provinces. Since the sales volume of occluders accounts for 25-30% of the domestic market, the company has become the biggest domestic supplier of occluder in China.

Lifetech`s revenues and net profits are expected to reach $3,200,000 and $1,000,000, respectively, for the year 2004 and to $10,000,000 and $2,000,000 respectively in 2005 because of several new products ready to hit the market soon. From 2005 henceforth, it expects to grow at the rate of more than 20% per year in next five to ten years because of the untapped market potential in China. Therefore, with a Price/Earnings ratio greater than 20 (current industry P/E ratio is approximately 25x), the new public company`s market capitalization is expected to surpass $20,000,000 in 2004 and $40,000,000 in 2005, respectively. Lifetech enjoys a home base advantage and has consistently generated gross profit margins of over 50%. All of their devices have obtained the Chinese SFDA regulatory approvals (similar to the FDA in the USA).

Keith Wong, President and CEO of ATC Technology Corp., stated, "This new acquisition enables ATC to enter the very lucrative medical device market in China and not to rely completely on its mobile electronics business, which is facing increasing competitions. This acquisition will make ATC`s shares much more valuable. Because of the life style changes due to its rapid industrialization, the problems of constricted blood vessel due to plaque buildup common in the US are appearing rapidly in China. Lifetech Scientific is there with the right affordable products in the right place and at the right time. These products unblock arteries in the heart, lungs and kidneys without open surgeries. We expect to close this acquisition in 60-90 days from now."

About Providential:

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which is mergers and acquisitions.

The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by: (1) Acting as an incubator for emerging companies and technologies that deals with young firms whose production and operational capability can be brought up to speed relatively quickly if product acceptance occurs. (2)Taking minority interest as compensation for financial consultancy and M&A advisory services with the objective of exiting at a profit once the company has restructured or performs as expected after listing.(3)Acquiring and consolidating undervalued opportunities in various high-growth industries to create additional value for our shareholders and target partners by combining expertise in both the product and capital markets.

URL: http://www.phiglobal.com

About ATC Technology:

ATC Technology Corporation, an Arizona corporation, makes mobile entertainment products and sells to chain stores. The Company has also set up a medical division to focus on angioplasty devices and other medical products in China. http://www.atctech.com

Safe Harbor: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company`s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company`s ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

Contact:
Providential Holdings
Henry Fahman
714-849-1477
www.phiglobal.com

Lifetech Scientific
Eric Zi
011-86-0755-83570973
www.lifetechmed.com

GN

[bbbchen]

hallo gn!

hoffe du hast im trainingslager auch forschritte gemacht.

bis auf den kurs sieht momentan alles sehr gut aus bei prvh.

[GuenterNetzer]

Der Kurs wird der Schwerkraft der positiven Entwicklung folgen...SICHER!



GN