Providential Holdings Joins Nasdaq Stock Market and Vietnamese Chamber of Commerce and Industry to Help Vietnamese Companies Go Public and Raise Capital in the U.S.

LOS ANGELES -- Providential Holdings, Inc. (OTCBB:PRVH) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, today announced that the company will hold two seminars in conjunction with the Nasdaq Stock Market (Nasdaq:NDAQ), the Vietnamese Chamber of Commerce and Industry, and a major U.S. investment banking company to help Vietnamese companies go public and raise capital through the U.S. financial markets.

These seminars will be held at:

1.  Ha Noi:
    8:30 - 11:30 a.m., September 19, 2006
    Vietnamese Chamber of Commerce and Industry
    9 Dao Duy Anh Street, Ha Noi, Vietnam.

2.  Ho Chi Minh City:
    8:30 - 11:30 a.m., September 21, 2006
    Thanks to increased attendance confirmation, the new location will
    be:
    Vietnamese Chamber of Commerce and Industry Building
    171 Vo Thi Sau Street, District 3, Ho Chi Minh City.

These seminars are designed to help Vietnamese companies understand the essentials of going public and raising capital through the U.S. capital markets, including an overview of the U.S. stock markets, listing requirements for various U.S. exchanges, initial public offerings, spin-offs, reverse mergers, secondary offerings and private investments in public equity (PIPE).

Henry Fahman, chairman of Providential Holdings, said, "Quoted by Merrill Lynch as a '10-year buy,' Vietnam presents a tremendous investment opportunity for U.S. individual and institutional investors, especially as the country prepares to join the World Trade Organization and continues to privatize several thousand of its state-owned enterprises."

"Cavico VN Joint Stock Company has recently become the first Vietnamese company to trade in the U.S. stock market (Pink Sheets:CVCP) and is in the process of completing its financial audits according to the U.S. GAAP (General Accepted Accounting Principles) as required by the Securities and Exchange Commission in order to upgrade its listing to a senior exchange, setting an example for Vietnamese companies to access international financial markets for liquidity and capital to grow," Fahman added.

About Providential Holdings, Inc.

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services and independent energy. 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. For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.com.

A profile for investors can be accessed at http://www.hawkassociates.com/prvhprofile.aspx.

For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at [phone], e-mail: [e-mail], or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com.

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.