investment profile

I N V E S T M E N T P RO F I L E
PROVIDENTIAL HOLDINGS, INC.
17011 Beach Blvd., Suite 1230 · Huntington Beach, CA 92647 · (714) 843-5455 · www.phiglobal.com
Investor Contact: Frank N. Hawkins, Jr. or Julie Marshall · Hawk Associates Inc. · (305) 451-1888 · www.hawkassociates.com
PROVIDENTIAL HOLDINGS TO ASSIST ATI GROUP
COMPANIES IN GOING PUBLIC. SIGNS JV AGREEMENTS
WITH RUSSIAN CONGLOMERATE.
COMPANY DESCRIPTION
Providential Holdings is the primary U.S.-based merger and acquisitions advisory firm focused on bringing financially successful
Vietnamese firms public in the U.S. capital markets and also investing
in the rapidly growing economies in Vietnam and Asia.
Providential maintains interest in the energy sector, food and beverage,
telecommunications, education, financial communications, real estate
development, fund management and more.
The company has recently been awarded a major development agreement in Vietnam to survey and design the master plan for a 8,000-acre
area in South Hoi An. The plan includes integrated hospitality facilities, convention centers, an International University, residential housing, retail centers and potential Las Vegas-type gaming operations in
Quang Nam Province.
The company has launched the Providential Vietnam Growth Fund, a
$200 million private equity fund, in conjunction with Vietnam-based
Thanh Viet Fund Management Corporation, to invest in former
Vietnamese State Owned Enterprises (“SOE’s”) and other Vietnamese
companies that plan to go public in Vietnam and especially in the U.S.
Providential takes minority interests in the companies it assists in going
public and helps build long-term enduring value. Providential profits
from advisory and management fees, long-term capital gains on stock
received as compensation in its transactions, potential increasing value
in its development projects and growth of its subsidiaries.
VIETNAM INITIATIVES
Through business combinations and reverse mergers, Providential has
successfully assisted a number of companies as they go public.
Providential has a number of strategic and competitive advantages in
working with Vietnamese companies. With Vietnamese-born leadership, Providential has an intimate knowledge and understanding of the
H AW K
A S S O C I AT E S
INC.
·
P R OV E N
PRVH - OTCBB • March 11, 2008
Closing Price (3/10/08)
52-Week Range
Market Cap.
Basic Shares
Insider Ownership
Est. Public Float
Average Daily Trading
$0.045
$0.03-$0.10
$7.74 mil.
172 mil.
22.06%
127 mil.
104,650
FY ’07 Revenue
FY ’07 Net Income
FY ’07 EPS
Diluted Shares
Total Assets (12/31/07)
Total Liabilities (12/31/07)
Fiscal Year End
$3.6 mil.
$34,304
$0.00
173.8 mil.
$12 mil.
$3.6 mil.
June 30
Vietnamese economic, political, legal and financial systems and has
strong working business relationships at high levels throughout
Vietnam. The company has close working relationships with a number of major U.S. financial institutions that have the ability to assist
Vietnamese companies in finding capital to expand their businesses.
As part of its business model, Providential hosts seminars for
Vietnamese business leaders, advising them on the procedures and
advantages of going public in the U.S. The seminars provide
Providential with the opportunity to meet hundreds of leading
CEOs and other business leaders from a wide spectrum of
Vietnamese industry. Providential screens these companies for their
suitability for a U.S. exchange listing, which has led to several
advanced discussions that are underway.
VIETNAM LAND DEVELOPMENT
In July 2007, Providential signed an agreement with the People’s
Committee of Quang Nam Province to survey, study and establish a
master plan for development of approximately 8,000 acres of land in
South Hoi An under a 70-year lease. The company has also been
selected by the provincial government to study and develop an integrated tourism zone which includes Las Vegas-like gaming operations
in Tam Hai Island, Chu Lai Open Economic Zone, Central
Vietnam. Named as one of Vietnam’s four World Heritage sites with
its compelling architecture and history, Hoi An is rapidly becoming
a popular international tourist destination.
Providential is establishing a master plan together with a feasibility
study for the development of the project. The plan is anticipated to
include five-star hotels and resorts, a world-class university, a teaching hospital, golf courses, mixed-use housing, entertainment centers,
sports centers, parks, marinas, retail centers with office and commercial spaces and luxury gaming operations. The company
has established PhiLand Corporation as a wholly owned subsidiary
of Providential Holdings, Inc. to manage this project.
INVESTOR
R E L AT I O N S
S T R AT E G I E S
227 Atlantic Blvd. · Key Largo, FL 33037 · Tel: (305) 451-1888 · Fax: (305) 451-3100 · [email protected] · www.hawkassociates.com
PROVIDENTIAL HOLDINGS, INC.
OTCBB: PRVH
ENERGY AND MINING INITIATIVES
The company, through its wholly owned subsidiary Providential
Energy Corporation, holds 87.5% of PhiTex Energy Group, Inc.,
a joint venture with Texas-based UniTex Oil & Gas, LLC., which
holds the other 12.5%. PhiTex is focused on identifying, evaluating, negotiating, acquiring and operating oil and gas properties
throughout West Texas. Providential is also exploring other energy-related business opportunities, including the construction and
operation of a hydropower plant in Vietnam.
Providential Energy Corp. is also in the process of finalizing an
agreement with a California company, to develop approximately
2,700 acres in Central Valley, Calif., for oil and gas and other
minerals. Providential Energy Corp. will own up to 40% equity
interest in this project.
PROVIDENTIAL VIETNAM GROWTH FUND (PVCF)
PVGF is a Cayman Island private equity fund set up to raise from
$200 million to $300 million in order to invest in former
Vietnamese SOE's that will go public in Vietnam and in other
Vietnam-based companies that plan to list their shares in the U.S.
stock markets. Providential is a general partner of PVGF and
owns a majority interest in Providential Capital Management,
Ltd., the Investment Manager for PVGF.
RECENT KEY DEVELOPMENTS
03/11/08
2/28/08
02/13/08
11/15/07
10/12/07
05/21/07
Providential signs agreement to take ATI Group companies public in the U.S.
Providential Holdings signs joint venture agreements
with Russian conglomerate. The joint ventures will
pursue commodity trading businesses, an oil refinery,
and an asset-placement enterprise.
PRVH Q2 ’08 revenue $645,838 vs. $83,500 in Q2
’07. Net income $227,950 or $0.00 per share in Q2 ’07
vs. loss of ($333,165) or $0.00 per share in Q2’07.
Providential Q1 ’08 revenue $28,500 vs. $37,000 in
Q1 ’07. Net loss ($337,409) or $0.00 per share vs. net
loss of ($58,185) or $0.00 per share in Q1 ’07.
Providential FY ’07 revenue $3.6 mil. vs. $4.1 mil. in
FY ’06. Net income $34,304 or $0.00 per share vs. netincome of $991,513 or $0.01 per share in FY ’06.
Providential Q3 ’07 revenue $2.5 mil. vs. $127,100 in
Q3 ’06. Net income $2.3 mil.or $0.01 per share vs. a
loss of ($186,049) or ($0.00) per share in Q3 ’06.
MANAGEMENT
Chairman, CEO, acting CFO - Henry D. Fahman
Director - Thorman Hwinn
Director, Secretary and Treasurer - Tina T. Phan
President of PHILAND Corporation - Tam T. Bui
VP of Business Development, Assistant CFO - John Nguyen
Corporate Strategist - Robert Buceta
THE OUTLOOK
Providential Holdings’ growth strategy is to focus on the Pacific
Rim to capitalize on the management team’s unique expertise
and close relationships to business and government leaders in
the region. The company believes it is in a privileged position for
the successful development of its advisory services particularly in
Vietnam. The management team’s contacts and knowledge of
the Vietnamese markets should enable it to identify and acquire
interests in successful but undervalued companies of various
sizes.
The Vietnamese market has been growing yearly and it is expected to continue to grow at a rapid rate at least through 2010. The
country’s GDP growth has run 7% to 8% each year since 2002,
roughly twice that of the United States, and only slightly lower
than China’s.
Vietnam is regarded by leading U.S. financial institutions including Merrill Lynch as a major investment opportunity, particularly as Vietnam prepares to join the World Trade Organization,
which will open extensive opportunities for growing Vietnamese
companies to go public on U.S. exchanges.
WEBSITE INFORMATION
Copies of Providential Holdings’ press releases, Level II price quotes,
SEC filings, Java stock charts and other valuable information for
investors may be found at:
www.hawkassociates.com and www.americanmicrocaps.com.
Providential Holdings, Inc.: www.phiglobal.com
Providential is working closely with the Vietnamese Chamber of
Commerce, officials of leading U.S. stock markets (NYSE and
Nasdaq) and a number of major investment banking firms to
find companies that would be suitable for a U.S. listing and for
which capital could be raised in the United States.
Providential hosts seminars to teach Vietnamese companies the
essentials of going public and raising capital in the United States.
It has already been successful in bringing Cavico Corp. and DDC
Industries, Inc., the first two Vietnamese companies, to the U.S.
market.
In 2007, Providential Holdings unveiled the master plan for the
first phase of development of the South Hoi An project,
Pointe91. Pointe91 is slated to become a gated seaside community featuring a luxury resort and private residences. In January
2008, Providential appointed experienced architect Nick
Intarajit to design and lead the South Hoi An project.
• Continuing liberalization of the Vietnamese economy
• Continuing growth of Vietnamese
economy
RISK FACTORS
• Ability of the company to successfully
complete contracts
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Associates or the company mentioned. This information is subject to change without notice. Hawk Associates is not a registered broker dealer. Neither
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