Providential Holdings Launches Seminars With 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 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.

The venues for these seminars will be as follows:

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
    Ministry of Foreign Affairs Building
    87 Tran Quoc Thao 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 WTO and continues to privatize several thousand of its state-owned enterprises.

"The recent success of Cavico VN Joint Stock Company (Pink Sheets:CVCP) in becoming the first Vietnamese company to trade in the U.S. stock market is proof that Vietnamese companies can access international financial markets for capital to grow and compete with other international players," Fahman said.

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.