Providential Holdings` Subsidiary ATC Technology Corp Confirms an Order From TechnoScout
FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- Apr. 15, 2004 -- Providential Holdings, Inc. (PRVH - news) ; (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160); (www.phiglobal.com) today announced its wholly-owned subsidiary ATC Technology Corp. (www.atctech.com), has received an order from TechnoScout, Colonial Heights, VA. (USA) (www.technoscout.com), for its flagship product, Gamego(TM).
TechnoScout is a leader in providing the latest in innovative products to millions of people around the world, through their informative catalogs and powerful magazine and newspaper ads and website. TechnoScout has over 200 employees in Colonial Heights, Virginia. TechnoScout uses the best people and the latest technology to create the ultimate customer experience. Their product experts form special relationships with the most innovative manufacturers.
Norm Klein, VP of Operations of ATC Technology Corp., stated, " We are happy to add another important Gamego customer. As we are finalizing the other purchase order negotiations for Christmas, we are launching major TV ads soon in Phoenix. Our plan is to capitalize on the millions of video game console owners. We want to bring Gamego to them. We want to mobilize them!"
ATC Technology Corp, winner of a Design and Engineering award on its mobile display design and having appeared in numerous newspapers and TV channels, based in Tempe, Arizona, is an innovator and leader in mobile DVD and video game display products. It makes Gamego(TM), Moviego(TM), a mobile DVD system and Vidego(TM), a wireless car entertainment system. These patent-pending products and future additions will play an important role in the current \$20 billion and the forecasted \$60 billion mobile entertainment industry (statistics courtesy Video Game Review magazine).
About Providential:
Providential Holdings, Inc. (PHI) is a diversified holding company committed to creating shareholder value through growth. The company focuses on selective technologies, capital and financial services, international markets and special situations.
Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, telecommunications, trade commerce, and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL: www.phiglobal.com
About ATC Technology:
ATC Technology Corporation, an Arizona corporation, is a manufacturer of mobile entertainment products, including Vidego(TM), Gamego(TM), and Moviego (TM).
The Vidego(TM), winner of the prestigious 2001 Innovation Engineering and Design Award from IDSA (Industrial Designers Society of America), is one of the finest and affordable car theater systems available to consumers. With its wireless viewing monitor, which attaches easily to the back of any automobile headrest, the patent-pending Vidego(TM) system provides consumers with the highest quality DVD and Video players and hours of entertainment while traveling.
Launched in late 2002, the Gamego(TM) gives children the opportunity to play video games or DVD movies in the car, RV, SUV, van or boat by connecting the product to an existing Microsoft X-Box(TM), Sony Playstation2(TM), or Nintendo Gamecube(TM). Like the Vidego(TM), the Gamego(TM) also has a viewing monitor which attaches easily to the back of any automobile headrest. Its portability enables video-gamers to take their favorite video games out of the home and to the places they want to be. URL: www.atctech.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.
SOURCE: Providential Holdings, Inc.
Contact:
ATC Technology
Keith Wong
(480) 966-6800
www.atctech.com
Providential Holdings
Henry Fahman
(617) 665-9588
www.phiglobal.com