Market News
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PRVH PROVIDENTIAL HOLDINGS INC
WMT WAL-MART STORES, INC.
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Providential Holdings' Subsidiary ATC Technology Lands Christmas Order from Wal-Mart, Canada
TUESDAY , OCTOBER 28, 2003 01:00 AM
FOUNTAIN VALLEY,Calif., Oct 28, 2003 (BUSINESS WIRE) -- Providential Holdings, Inc. (OTCBB:PRVH) (Berlin:PR7, WKN
935160) (
www.phiglobal.com) today announced its wholly-owned subsidiary ATC Technology Corp. (
www.atctech.com) has received a major Christmas order from Wal-Mart (Canada) for its flagship product, Gamego(TM). This is in addition to the Christmas order it has already received from Wal-Mart Stores, Inc., USA (NYSE:WMT).
This award-winning product, Gamego(TM), a mobile video game display system, will be available in Wal-Mart's Canadian stores for this Christmas season.
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, Ariz., 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). The Moviego and Vidego products are available through auto dealerships such as Lexus, Mercedes Benz, Honda and Audi.
Henry Fahman, Chairman and CEO of Providential Holdings, commented, "We have this order right after Wal-Mart, USA's order. It is very exciting to see the positive results coming in and to see the products being accepted by the world's largest retailer, Wal-Mart Stores, Inc. We want to congratulate the management team at ATC for doing such a great job and will continue to support ATC to achieve an even higher goal."
Keith Wong, President and CEO of ATC Technology Corp., stated, "With the millions of customers visiting the Wal-Mart stores, our Gamego product will get noticed. We will become an important piece in this huge video game industry. We will leverage off this opportunity to make more in-roads into further sales opportunities."
Norm Klein, VP of operations of ATC Technology Corp., added, "We at ATC are very excited to serve the customers of Wal-Mart stores by selling to them our award winning product, Gamego. Gamego allows families to take their video game systems on the road -- into their vehicles and motel rooms. Gamego allows kids to play their video games and the whole family to watch their favorite DVD movies. It is a great entertainment system for the whole family."
About Providential Holdings
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 Xbox(TM), Sony PlayStation 2(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.
