Providential Holdings Forms IndoChina Mining Cor****ation
Tuesday April 8, 9:00 am ET
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(MARKET WIRE)--Apr 8,
2008 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News), a company
providing advisory, merger and acquisition services as well as
independently investing in Vietnamese economic op****tunities, has
formed IndoChina Mining Cor****ation with the view of acquiring mining
rights and equity interests in mining cor****ations located in Vietnam,
Laos and Cambodia.
IndoChina Mining Cor****ation is expected to form joint ventures for
the exploitation of mineral deposits that Providential has already
located and is currently targeting. The company has identified mining
op****tunities for copper in Cambodia, tin and gold in Laos and
bauxite, diatomite, flourite and ilmenite (iron titanium oxide) in
Vietnam.
Tai Vo, President of Providential Vietnam (PHI Vietnam), said,
"IndoChina Mining Corp. plans to leverage Providential's existing
relation****ps with mining companies in the region and pursue other
op****tunities there. We have already located a current diatomite mine
with a capacity estimated to be more than two million tons and have
also begun searching for skilled personnel to lead Providential's new
venture."
Henry Fahman, CEO of Providential Holdings (PHI), said, "Forming
IndoChina Mining Corp. is a natural progression of PHI's increasing
focus in this area as we have considered participating in the mining
sector in Indochina for some time. Not only have we been able to
locate highly promising sites for mining op****tunities, we have also
been in advanced negotiations with a number of local mining operators
which may lead to some imminent transactions in the near future."
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of
diverse business activities, the most im****tant of which are M&A
advisory services and investing in the rapidly growing economies of
Vietnam and Asia. As part of its activities in Vietnam, Providential
has been hosting seminars in conjunction with the Nasdaq Stock Market,
the Vietnamese Chamber of Commerce and Industry and a leading U.S.
investment banking firm, to help Vietnamese companies go public and
raise capital through the U.S. financial markets. For more information
on Providential Holdings, visit http://www.phiglobal.com.
A profile for investors can be accessed at
http://www.hawkassociates.com/profile/prvh.cfm.
For investor relations questions regarding Providential, contact
Antonella Montagna or Frank Hawkins, Hawk Associates, at 305-451-1888,
e-mail: Providential.Holdings@[EMAIL PROTECTED]
or visit
http://www.americanmicrocaps.com
or http://www.hawkassociates.com.
To
sign up for free e-mail notification of future releases, visit
http://www.hawkassociates.com/about/alert.
Safe Harbor: This news release contains forward-looking statements
that are subject to certain risks and uncertainties that may cause
actual results to differ materially from those projected on the basis
of such forward-looking statements. Such forward-looking statements
are made based upon management's beliefs, as well as assumptions made
by, and information currently available to, management pursuant to the
"safe-harbor" provisions of the Private Securities Litigation Reform
Act of 1995.
Contact:
Investor Relations Contact:
Hawk Associates, Inc.
Antonella Montagna and Frank Hawkins
Phone: 305-451-1888
E-mail: Email Contact
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