mal wieder eine Dividende, einfach super !!!
Providential Holdings Distributes Irvine College Stock Dividends
HUNTINGTON BEACH, CA -- (MARKET WIRE) -- 08/16/04 --
Providential Holdings, Inc. (PRVH - news) ; (Berlin Stock Exchange and Frankfurt Stock Exchange:PR7 - WKN
935160) (
www.phiglobal.com) today announced that the Company will distribute 15% of Irvine College of Medical Sciences, DBA Atlantis Career College (
www.atlantiscareercollege.net) common stock as a special dividend on a pro-rata basis to PRVH shareholders of record as of August 31, 2004.
These dividend shares are expected to be mailed out by September 15, 2004 without any action on the part of the eligible Providential Holdings' shareholders. The Company also plans to distribute stock dividends from its other subsidiaries in the future.
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. It also intends to acquire certain target companies in the for-profit postsecondary education sector as part of its future growth plan.
About Providential:
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which is manufacturing of industrial tools.
The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by: 1) Acquiring and consolidating undervalued opportunities in selective high-growth industries to create additional value for our shareholders and target partners by combining expertise in both the product and capital markets. 2) Acting as an incubator for emerging companies and technologies that deals with young firms whose production and operational capability can be brought up to speed relatively quickly if product acceptance occurs. 3) Taking minority interest as compensation for financial consultancy and M&A advisory services with the objective of exiting at a profit once the company has restructured or performs as expected after listing.
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, Inc.
Henry Fahman
714-843-5450
www.phiglobal.comIrvine College of Medical Sciences, Inc.
Raghu Singh
(714) 799-0530
www.atlantiscareercollege.net