CNN Money.com
April 08, 2008
Providential Holdings, Inc. (OTCBB: PRVH), a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, has formed IndoChina Mining Corporation with the view of acquiring mining rights and equity interests in mining corporations located in Vietnam, Laos and Cambodia.
IndoChina Mining Corporation is expected to form joint ventures for the exploitation of mineral deposits that Providential has already located and is currently targeting. The company has identified mining opportunities for copper in Cambodia, tin and gold in Laos and bauxite, diatomite, flourite and ilmenite (iron titanium oxide) in Vietnam.
Tai Vo, President of Providential Vietnam (PHI Vietnam), said, "IndoChina Mining Corp. plans to leverage Providential's existing relationships with mining companies in the region and pursue other opportunities there. We have already located a current diatomite mine with a capacity estimated to be more than two million tons and have also begun searching for skilled personnel to lead Providential's new venture."
Henry Fahman, CEO of Providential Holdings (PHI), said, "Forming IndoChina Mining Corp. is a natural progression of PHI's increasing focus in this area as we have considered participating in the mining sector in Indochina for some time. Not only have we been able to locate highly promising sites for mining opportunities, we have also been in advanced negotiations with a number of local mining operators which may lead to some imminent transactions in the near future."
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 investing in the rapidly growing economies of Vietnam and Asia. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and a leading U.S. investment banking firm, to help Vietnamese companies go public and raise capital through the U.S. financial markets. For more information on Providential Holdings, visit http://www.phiglobal.com.
April 08, 2008
Providential Holdings, Inc. (OTCBB: PRVH), a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, has formed IndoChina Mining Corporation with the view of acquiring mining rights and equity interests in mining corporations located in Vietnam, Laos and Cambodia.
IndoChina Mining Corporation is expected to form joint ventures for the exploitation of mineral deposits that Providential has already located and is currently targeting. The company has identified mining opportunities for copper in Cambodia, tin and gold in Laos and bauxite, diatomite, flourite and ilmenite (iron titanium oxide) in Vietnam.
Tai Vo, President of Providential Vietnam (PHI Vietnam), said, "IndoChina Mining Corp. plans to leverage Providential's existing relationships with mining companies in the region and pursue other opportunities there. We have already located a current diatomite mine with a capacity estimated to be more than two million tons and have also begun searching for skilled personnel to lead Providential's new venture."
Henry Fahman, CEO of Providential Holdings (PHI), said, "Forming IndoChina Mining Corp. is a natural progression of PHI's increasing focus in this area as we have considered participating in the mining sector in Indochina for some time. Not only have we been able to locate highly promising sites for mining opportunities, we have also been in advanced negotiations with a number of local mining operators which may lead to some imminent transactions in the near future."
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 investing in the rapidly growing economies of Vietnam and Asia. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and a leading U.S. investment banking firm, to help Vietnamese companies go public and raise capital through the U.S. financial markets. For more information on Providential Holdings, visit http://www.phiglobal.com.
A profile for investors can be accessed at http://www.hawkassociates.com/profile/prvh.cfm.
For investor relations questions regarding Providential, contact Antonella Montagna or Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: Providential.Holdings@hawkassociates.com or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. To sign up for free e-mail notification of future releases, visit http://www.hawkassociates.com/about/alert.
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