Providential Holdings Confirms Upcoming Seminars to Help Vietnamese Companies Raise Capital
Providential Holdings, Inc. (OTC BB: PRVH) (German Stock Exchanges: PR7, WKN
935160), a provider of international advisory services specializing in mergers and acquisitions, today confirmed schedules for upcoming seminars 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. Ho Chi Minh City:
09:00 - 11:30 AM, October 4, 2005
87 Tran Quoc Thao Avenue, District 3, Ho Chi Minh City, Vietnam
2. Ha Noi:
09:00 - 11:30 AM, October 6, 2005
7th Floor, World Trade Center
Vietnamese Chamber of Commerce and Industry
9 Dao Duy Anh Street, Ha Noi, Vietnam
3. Da Nang:
09:00 - 11:30 AM, October 10, 2005
Daesco Hotel
155 Tran Phu Ave., 9th Floor
Da Nang City, Vietnam
4. Can Tho:
09:00 - 11:30 AM, October 12, 2005
Auditorium, Golf Hotel
2 Hai Ba Trung Avenue
Ninh Kieu District, Can Tho City, Vietnam
These seminars will be held in conjunction with the Vietnamese Chamber of Commerce and Industry to help Vietnamese companies understand the essentials of going public and raising capital through the US capital markets, including an overview of the US stock markets, listing requirements for various US exchanges, initial public offerings, spin-offs, reverse mergers, secondary offerings, dual listings, and private investments in public equity (PIPE).
It is expected that a total of 400-600 prominent Vietnamese companies, both private and state-owned, will participate in these events and learn how to take advantage of the US capital markets in order to grow their business.
Henry Fahman, chairman of Providential Holdings, commented, "Instead of waiting for foreign companies to bring in investment dollars, Vietnamese companies can take a more proactive approach by tapping foreign capital markets themselves to further their growth and compete with other international players." Fahman reiterated: "As Vietnam prepares to join the WTO and continues to privatize several thousand of her State-Owned Enterprises, this is an unprecedented opportunity for U.S. institutional investors to participate in this fast-growing market."
Institutional investors, underwriters, and service providers such as auditing firms, transactional attorneys, and investor relations firms interested in participating in these events may contact Providential Holdings at info@phiglobal.com.
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 investments in international markets. 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
www.phiglobal.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.
Source: Market Wire (September 21, 2005 - 2:00 AM EDT)
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