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Feedback
13 July 2004, 04:53am ET
Providential Holdings, Inc. (OTC BB: PRVH) (Berlin Stock Exchange and Frankfurt Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) today announced that it has signed an agreement to acquire a 20% ownership of E-Check Recovery, Inc. (www.echeckrecover.com), a Texas corporation, in exchange for $25,000 worth of the Company`s restricted common stock.
The Company will distribute one-half of its holding in E-Check Recovery (10%) as a special dividend to PRVH shareholders of record as of July 30, 2004 and E-Check Recovery will start filing the necessary documents with the appropriate regulatory agencies to become a fully-reporting publicly-traded company.
E-Check Recovery, Inc. is a nationwide agency specializing in automated check recovery of NSF checks/closed accounts, check-by-phone, recurring debits and credits, one-time debits and credits, check verification/guarantee, check conversion point of sale, check conversion non point of sale, and payroll direct deposits through the use of its proprietary software and Mag Tek Micro imager.
E-Check Recovery was designed to accommodate all types of businesses both large and small including governmental agencies and utility companies offering a solution to their every day financial services by their strategic partners.
E-Check Recovery`s software and check scanning hardware can scan conventional paper checks and transform them into an electronic transaction (ACH) making funds available within 24 to 48 hours as well as electronically deposit checks. Check data and check images are stored for future research and retrieval on re-submission of NSF checks and more.
Mentioned Last Change
PRVH 0.195 (Unchanged)
E-Check Recovery`s future includes the unprecedented multi function platform of services to be offered such as Payroll Debit Cards and Payroll Direct Deposits, Store Added Value Cards, Dual International Money Transfer Cards with PIN security, Phone Cards, Gift Cards, Debit/Credit Cards for ISO agreements, Paperless Payments (i.e. phone, water, electric, gas, auto tags, and cable bills) in order to reach a wider spectrum. URL: www.echeckrecover.com
About Providential:
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which is manufacturing of industrial tools.
The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by: 1) Acquiring and consolidating undervalued opportunities in selective high-growth industries to create additional value for our shareholders and target partners by combining expertise in both the product and capital markets. 2) 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. 3) 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.
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.
These and other risks are identified in the company`s SEC filings and should be considered in evaluating the forward-looking statements made herein
Providential Holdings, Inc. (OTC BB: PRVH) (Berlin Stock Exchange and Frankfurt Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) today announced that it has signed an agreement to acquire a 20% ownership of E-Check Recovery, Inc. (www.echeckrecover.com), a Texas corporation, in exchange for $25,000 worth of the Company`s restricted common stock.
The Company will distribute one-half of its holding in E-Check Recovery (10%) as a special dividend to PRVH shareholders of record as of July 30, 2004 and E-Check Recovery will start filing the necessary documents with the appropriate regulatory agencies to become a fully-reporting publicly-traded company.
E-Check Recovery, Inc. is a nationwide agency specializing in automated check recovery of NSF checks/closed accounts, check-by-phone, recurring debits and credits, one-time debits and credits, check verification/guarantee, check conversion point of sale, check conversion non point of sale, and payroll direct deposits through the use of its proprietary software and Mag Tek Micro imager.
E-Check Recovery was designed to accommodate all types of businesses both large and small including governmental agencies and utility companies offering a solution to their every day financial services by their strategic partners.
E-Check Recovery`s software and check scanning hardware can scan conventional paper checks and transform them into an electronic transaction (ACH) making funds available within 24 to 48 hours as well as electronically deposit checks. Check data and check images are stored for future research and retrieval on re-submission of NSF checks and more.
Mentioned Last Change
PRVH 0.195 (Unchanged)
E-Check Recovery`s future includes the unprecedented multi function platform of services to be offered such as Payroll Debit Cards and Payroll Direct Deposits, Store Added Value Cards, Dual International Money Transfer Cards with PIN security, Phone Cards, Gift Cards, Debit/Credit Cards for ISO agreements, Paperless Payments (i.e. phone, water, electric, gas, auto tags, and cable bills) in order to reach a wider spectrum. URL: www.echeckrecover.com
About Providential:
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which is manufacturing of industrial tools.
The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by: 1) Acquiring and consolidating undervalued opportunities in selective high-growth industries to create additional value for our shareholders and target partners by combining expertise in both the product and capital markets. 2) 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. 3) 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.
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.
These and other risks are identified in the company`s SEC filings and should be considered in evaluating the forward-looking statements made herein
Im Wert von 25.000 $
*WOW*
*WOW*
mal wieder news 
@#2-Superdividende für alle PRVH Aktionäre,oder?
GRATULATION!
Jetzt gibts erst mal ne Dividende!
Jetzt gibts erst mal ne Dividende!
Trading Spotlight
Danke Basher,schön daß Du Dich mitfreust...
Bei der Firma tut sich jedenfalls was!
Folgender Satzt in der Mitteilung meiner Bank macht mich stutzig:
"Ob zu einem späteren Zeitpunkt eine Kostenbelastung von der Lagerstelle erfolgt, ist bisher noch nicht bekannt."
Hat jemand Erfahrung mit derartigen Spin Offs?
"Ob zu einem späteren Zeitpunkt eine Kostenbelastung von der Lagerstelle erfolgt, ist bisher noch nicht bekannt."
Hat jemand Erfahrung mit derartigen Spin Offs?
Bisher nicht, aber für Dich gibt es jetzt kein zurück mehr.
Pewastb
Pewastb
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