PRVH 20% plus in USA!!!

und auch nach den Zahlen wird es meiner Meinung irgentwann einen Rebound geben.

no risk no..

ich bleibe dran :-)

Providential Holdings to Acquire a Major Steel Company in China
FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 06/03/04 --


Providential Holdings, Inc. (PRVH - news) ; (Berlin Stock Exchange: PR7, WKN 935160); (www.phiglobal.com) today announced that it has reached a memorandum of understanding to acquire and restructure Hefei Iron & Steel Group Company, Ltd, Hefei, Anhui Province, China.

Hefei Iron & Steel Group founded in 1958 and reorganized in 1998 with a registered capital of $140,000,000. In 2003, its revenue was $257,000,000 and gross profit of $36,125,000. From Jan 1, 2004 - Apr 30, 2004, its revenue was $105,000,000 and gross profit was $11,375,000. Its current steel making capacity is 1,400,000 metric tons per year. Providential intends to lead a consortium to invest into HISG to upgrade its equipment and boost its capacity to 2,000,000 metric tons per year.

According to the memorandum, both parties have agreed on ten major guidelines leading to a definitive agreement for the transaction, subject to further due diligence review, the approval of shareholders and the board of directors of both companies and appropriate regulatory agencies.

Henry Fahman, Chairman and CEO of Providential Holdings, commented, "China is now the world's leading steel producer in terms of tonnage. Its booming construction, automotive and ship building industries all need steel. With adequate investments into HISG, we will be able to upgrade its equipment to make more value added steel products, such as high strength rolled steel for making cars and other specialty steel. We believe this transaction once consummated will bring tremendous value to our shareholders."

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: 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.

Contact:

Providential Holdings
Henry Fahman
86-1-365-551-3426
www.phiglobal.com

die Stahlpreise auch.

Speziell in China wird viel Stahl gebraucht.

Ein interessantes Geschäft!!!

doch sonst nur im IT-Bereich herum, jetzt bauen die noch auf Stahlhandel aus. Irgendwie merkwürdig.

bleibt abzuwarten was beim auseinanderdiffedieren des Stahlhandels bei PRVH
an Kapital hängenbleibt. Eine Kurserholung ist dann nur eine Frage der Zeit.

Der Weg ist das Ziel:-)  
 

Aktueller Kurs:10,5Cent 5% plus!
Ask: 11 Cent!!!

Aktueller Kurs:10,5Cent 5% plus!
Ask: 11 Cent!!!

Henry Fahman, Chairman and CEO of Providential Holdings, commented, " China is now the world's leading steel producer in terms of tonnage. Its booming construction, automotive and ship building industries all need steel. With adequate investments into HISG, we will be able to upgrade its equipment to make more value added steel products, such as high strength rolled steel for making cars and other specialty steel. We believe this transaction once consummated will bring tremendous value to our shareholders."

Providential Holdings is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following.

On March 1, 2004, Investrend Research analyst Mohammad Sharifzadeh, MBA, CFA, rated the company a " Speculative Buy / 4," saying the company had " managed to establish a diversified holding of businesses with qualified management,"

The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at www.investrendresearch.com

Investrend Research subscribes to the " Standards for Independent Research Providers" at www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (www.niri.org) and the Association for Investment Management and Research (www.aimr.org).

The Dow Jones Newswires has stated that independent research has been growing in credibility over the past 18 months, specifically citing Investrend Research, and the New York Times has reported a survey by Charles Schwab & Co. reveals an astonishing 78 percent of active stockholders now " value research from independent firms over analysis by Wall Street firms with financial ties to the companies they are rating." A survey at Investopedia reveals that 74.7% of investors say that " legitimate fee-based research is objective and useful," and 70.9% say that a company that enrolls for " legitimate fee-based research is making a positive statement about its investment potential."

Enrollment fees for Institutional coverage were $23,400, and the fees were paid by the company. There is an open invoice which is being negotiated. There are never any fees associated with FinancialWire, which independently covers a wide range of corporate news, including but not limited to those that are or have been enrolled in Investrend's platforms.

Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company's InvestorPower page at www.investrend.com/company/list.asp?sPathParam=yes , and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.

For up-to-the-minute news, features and links click on www.financialwire.net

FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on www.investrend.com/contact.asp

The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: www.investrend.com/XmlFeeds?level=268

URL: www.financialwire.net

PRVH wird sicherlich in Kürze zu einem Reversal ansetzen!
Es hat sich eine lange Bullflagge ausgebildet, die je länger sie wird, um so heftiger kann der Ausbruch werden.


Wiederstände: 0,125$ / 0,150$ / 0,190$ etc.

Henry Fahman, Chairman and CEO of Providential Holdings, commented, " China is now the world's leading steel producer in terms of tonnage. Its booming construction, automotive and ship building industries all need steel. With adequate investments into HISG, we will be able to upgrade its equipment to make more value added steel products, such as high strength rolled steel for making cars and other specialty steel. We believe this transaction once consummated will bring tremendous value to our shareholders."

Providential Holdings is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following.

On March 1, 2004, Investrend Research analyst Mohammad Sharifzadeh, MBA, CFA, rated the company a " Speculative Buy / 4," saying the company had " managed to establish a diversified holding of businesses with qualified management,"

The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at www.investrendresearch.com

Investrend Research subscribes to the " Standards for Independent Research Providers" at www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (www.niri.org) and the Association for Investment Management and Research (www.aimr.org).

The Dow Jones Newswires has stated that independent research has been growing in credibility over the past 18 months, specifically citing Investrend Research, and the New York Times has reported a survey by Charles Schwab & Co. reveals an astonishing 78 percent of active stockholders now " value research from independent firms over analysis by Wall Street firms with financial ties to the companies they are rating." A survey at Investopedia reveals that 74.7% of investors say that " legitimate fee-based research is objective and useful," and 70.9% say that a company that enrolls for " legitimate fee-based research is making a positive statement about its investment potential."

Enrollment fees for Institutional coverage were $23,400, and the fees were paid by the company. There is an open invoice which is being negotiated. There are never any fees associated with FinancialWire, which independently covers a wide range of corporate news, including but not limited to those that are or have been enrolled in Investrend's platforms.

Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company's InvestorPower page at www.investrend.com/company/list.asp?sPathParam=yes , and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.

For up-to-the-minute news, features and links click on www.financialwire.net

FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on www.investrend.com/contact.asp

The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: www.investrend.com/XmlFeeds?level=268

URL: www.financialwire.net

PRVH wird sicherlich in Kürze zu einem Reversal ansetzen!
Es hat sich eine lange Bullflagge ausgebildet, die je länger sie wird, um so heftiger kann der Ausbruch werden.


Wiederstände: 0,125$ / 0,150$ / 0,190$ etc.

also wohl nächste woche. hoffe auch auf ein statement von henry in nächster zeit über den verlauf des aktuellen quartals. so langsam müsste mal geld verdient werden, sonst wird die ganze sache nix mehr.

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


Providential Holdings, Inc. (PRVH - news) (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: www.phiglobal.com.

weißt Du hier näher Bescheid, was denn da für "important transactions and developments"
kommen sollen ?? Schön wäre es ja...

im Vergleich zu den letzten Monaten heute ein recht reger Handel..

eigentlich müsste in den nächsten tagen das fb update erscheinen. vielleicht steht da näheres über den stahl-deal und infos über die china-sachen drin.