Providential Holdings Extends Record Date for Irvine College Stock Dividends
WEDNESDAY, APRIL 20, 2005 1:30 AM
LOS ANGELES, April 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- Providential Holdings, Inc. (PRVH) , a provider of international advisory services specializing in mergers and acquisitions, announced today that the Company has extended the stock dividend record date for the payment of special dividends in Irvine College of Medical Sciences.
* The original record date was August 31, 2004; the company has extended
the record date to May 6, 2005.
* The payment date will be May 31, 2005 and the stock transfer agent will
mail the shares as soon as possible after the payment date without any
action being necessary on the part of the shareholder of record.
The ratio of the distribution will be as follows: the Company will distribute 15% of Irvine College of Medical Sciences, DBA Atlantis Career College, common stock as a special dividend on a pro-rata basis to PRVH shareholders of record as of May 6, 2005.
Henry Fahman, chairman and chief executive officer of Providential Holdings, stated, "Irvine College of Medical Sciences will start filing the necessary documents with the appropriate regulatory agencies to become a fully-reporting publicly-traded company. The College is currently approved to provide educational programs in medical-related fields, including Ultrasound Technology, MRI, Medical Assistant, Pharmacy Tech, Pharmaceutical Sales, Registered Nurse, NCLEX, Professional Child Care, and curricula in information technology such as 3-D Animation and Network certifications."
About Providential Holdings, Inc.
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, precision 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.
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 x5455
rick@otcfn.com info@phiglobal.com
http://www.otcfn.com/prvh http://www.phiglobal.com
SOURCE Providential Holdings, Inc.
Rick McCaffrey, Investor Relations of OTC Financial Network, +1-781-444-6100, ext.
625, rick@otcfn.com; or Henry Fahman of Providential Holdings, Inc., +1-714-843-5450
ext. 5455, info@phiglobal.com
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