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Press Release Source: Providential Holdings
Providential Holdings Retains OTC Financial Network for Comprehensive Investor Relations Campaign
Friday February 18, 12:49 pm ET
HUNTINGTON BEACH, Calif., Feb. 18 /PRNewswire-FirstCall/ -- Providential Holdings, Inc. (OTC Bulletin Board: PRVH), a provider of international advisory services specializing in mergers and acquisitions, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp., to implement a comprehensive investor relations program.
Geoffrey Eiten, president of National Financial Communications Corporation, stated, "Providential Holdings and its subsidiaries engage in a number of diverse business activities including mergers and acquisition advisory services. Through the acquisition and consolidations of companies in high growth markets, the Company is able to create additional value for a company by acting as an incubator for emerging companies and technologies by providing their expertise in the product and in capital markets."
Eiten continued, "The Company recently announced its acquisition of the majority interest in a Korean manufacturer of wireless communications equipment. This Company's revenues in 2004 were $19.7 million and are projected to exceed $27 million in 2005. Through mergers and acquisitions such as this, the Company is able to create value for the Company's shareholders and target partners."
Henry Fahman, Chairman and CEO of Providential Holdings, stated, "We are excited to partner with OTC Financial Network who is experienced in representing micro-cap, high-growth companies. Through this partnership, we will look-forward to increasing our liquidity and building a diversified shareholder base."
About OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (http://www.nationalfc.com) based in Needham, Massachusetts, is a full- service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence: building upon the client's existing shareholder base: and soliciting institutional coverage. For more information, visit http://www.otcfn.com.
About Providential:
Providential Holdings (http://www.phiglobal.com) and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services, cutting tools, and international markets. The Company acquires and consolidates special opportunities in selective high- growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies.
OTC Financial Network serves as special advisor to Providential Holdings, Inc. and has received fees for services, including a monthly base of five thousand dollars plus expenses, paid in cash. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Full disclaimer information can be found online at http://www.otcfn.com/prvh/disclaim.html
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.
For more information, contact:
OTC Financial Network Providential Holdings, Inc.
Rick McCaffrey, Investor Relations Henry Fahman
781-444-6100 x625 714-843-5450
rick@otcfn.com info@phiglobal.com
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Source: Providential Holdings
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