LOS ANGELES and HO CHI MINH CITY, Vietnam, Oct 01, 2008 /PRNewswire-FirstCall via COMTEX/ -- Providential Holdings, Inc. (PRVH:providential holdings inc com
News, chart, profile, more
Last: 0.03+0.00+16.67%

2:47pm 10/03/2008

Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:

PRVH 0.03, +0.00, +16.7%) (Frankfurt: PR7.F), a company engaged in mergers and acquisitions, energy and resources, real estate development and investing in special opportunities, today announced the new trading symbol for Vietnam United Steel Corporation. After the merger between Vietnam-based Nam Kim Joint Stock Co. ("NAKISCO") and Sanitary Environmental Monitoring Labs, Inc., formerly known as SemcoLabs, the combined company has changed its name to Vietnam United Steel Corporation and begins trading under the new symbol VUSC.PK (Pink Sheets: VUSC) effective October 1, 2008.
As part of the M&A consulting service provided during the quarter ended September 30, 2008, Providential Holdings currently owns approximately 10% of 35,000,000 total issued and outstanding shares of VUSC.
VUSC is in the process of completing the audits of its financial statements to upgrade to the OTCBB. The company also plans to move to a senior exchange such as NASDAQ or AMEX in the near future.
NAKISCO's unaudited net revenues last year totaled approximately $24.5 million, with total assets listed at $19 million. The company expects a 42% revenue growth in 2008.
About Vietnam United Steel Corporation
Vietnam United Steel Corporation currently owns 99% of Nam Kim Steel Joint Stock Company which specializes in manufacturing and distributing galvanized steel and color coated steel sheets. The Company's product lines are widely applied in the field of industrial and civil construction, interior-exterior decoration and handicraft goods. http://www.nakisco.com.
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are real estate development in Chu Lai, Vietnam, M&A advisory services, and mining. As part of its activities in Vietnam, Providential hosts seminars in conjunction with the Nasdaq Stock Market to help Vietnamese companies raise capital through the U.S. financial markets. http://www.phiglobal.com.
 

zahlen wohl spätestens nächste woche....  

Providential Holdings Reports Increased Revenues and Profits for FY '08
Wednesday October 15, 9:00 am ET

LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(MARKET WIRE)--Oct 15, 2008 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News) (Frankfurt:PR7.F - News) (WKN 935160), a company engaged in mergers and acquisitions, consulting and advisory services, real estate development, mining and investing in special situations, today announced that in the fiscal year ended June 30, 2008, the company earned $2,359,282 or $0.01 EPS, compared with net income of $34,304 or $0.00 EPS in fiscal 2007. The company generated $3,609,318 from consulting and advisory services in fiscal 2008 compared with $3,572,347 for the year ended June 30, 2007.

Providential Chairman and CEO Henry Fahman said, "Although the global financial crises during the course of the year have adversely impacted some of our plans, our M&A and consulting services have continued to generate increased revenues and profits for the company as more Vietnamese companies look to go public and raise capital through international markets. We have made steady progress with our Pointe 91 real estate development project (www.philandcorp.com) and also laid a firm foundation for the advancement of our other initiatives."

"As a result, we believe fiscal year 2009 and beyond will witness a period of exceptional growth and value creating for our shareholders," Fahman added.