(OTCBB:PRVH) Providential Holdings, Inc

Turning Pennies into dollars: (OTCBB:PRVH) Providential Holdings, Inc

Are you a public company looking for exposure?

Contact RealPennies.com - 212-662-2147

For more info: http://www.realpennies.com/otc/prvh

Philand Corporation Partners With Vietnam-Based Thien Nam Investment and Construction Corp.

(OTCBB:PRVH) Providential Holdings, Inc.

Philand Corporation Partners With Vietnam-Based Thien Nam Investment and Construction Corp.

Tuesday February 17, 8:00 am ET

LOS ANGELES, CA and FRANKFURT, GERMANY-Feb 17, 2009 - Providential Holdings, Inc. , a company engaged in mergers and acquisitions, real estate development, mining, and investing in special situations, recently announced that Philand Corporation, a majority owned subsidiary of the Company, has signed an agreement with Thien Nam Investment and Construction Corporation, a Vietnam-based design and construction company, to cooperate in the areas of commercial, industrial and residential real estate construction.

Thien Nam, established in 1993, has successfully completed numerous major commercial, industrial and residential projects for Vietnamese and international clients, including Vietnam VMEP R&D Center, Olympic Cable Factory , Kazu Furniture Factory , Bonfigliory Electric Motor Factory , Vietnam Australia Hotel , IDT Office Building , and Duc Thanh Resort , to name a few.

Besides serving as the key partner in the construction of the Pointe 91 luxury hotel resort and premium residential community in Chu Lai, central Vietnam, Thien Nam will also work with Philand Corporation to build affordable housing to meet the growing needs of the general population of Vietnam.

The 118-acre Pointe 91, the first stage of Philand's overall development plan, is slated to be a seaside community featuring 227 grand private homes in seven separate sectors, an exclusive Five-Star Riveria Beach Hotel & Spa with 180 rooms and 30 detached premium residences that will be offered as a Private Residence Club, an industrial park, educational facilities, worship centers, and a 250-seat outdoor amphitheatre reminiscent of ancient stone constructions in the area. Urban Arena, the California-based firm responsible for the design of the property, has orchestrated a balance between the outdoors and indoors that will flow from Violin Lake, a natural pond at the entrance of the property, down to the beachfront resort hotel and spa. In addition, the interior design team will mirror the identity of South Hoi An; ancient style seamlessly married to the ease of modern luxury. An outdoor marketplace for local artisans will bring a local flavor and give tourists and residents a chance to interact with the local community.

Tran Dinh Doan, General Director of Thien Nam Corporation, stated: "This cooperation is a great opportunity for our company to work with PHILAND in the construction of the Pointe 91 project, the development of master-planned communities, and building affordable housing in Vietnam. With 15-plus years of experience and excellent track records in civil engineering, design and construction, our dynamic workforce, our local network and knowledge of Vietnamese business environment, we look forward to being a long-term partner with PHILAND in its development program in Vietnam."

Daniel St. John, PHILAND project director, commented: "We are excited to have Thien Nam as our construction partner and believe Vietnam is ready for a community that mixes local flavor with the spacious layout of a planned community." He added: "Pointe 91 is one of the most visually majestic areas of the world - it's easy to imagine a new life in a place surrounded by such natural beauty."

About PHILAND

PHILAND Corp., a U.S.-based company, develops master planned communities in Vietnam using high-quality materials and ecologically sustainable construction practices. The Company is currently applying to list its common stock on the Open Market Segment of the Frankfurt Stock Exchange. Web sites: www.philandranch.com, www.philancorp.com.

About Thien Nam Investment and Construction Corp.

Established in 1993, Thien Nam is a Vietnam-based design and construction company, with more than 2,000 staff and construction employees. The company has successfully completed numerous major commercial, industrial and residential projects for Vietnamese and international clients in Vietnam.

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.

Contact:

Contact: John Nguyen Tel: 714-843-5460 Email: Email Contact Source: Providential Holdings, Inc.

Profile for Providential Holdings, Inc.

Providential Holdings, Inc., through its subsidiaries, provides financial consultancy and merger and acquisition advisory services. It acquires and consolidates opportunities in selective industries, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to the U.S. and foreign companies. The company also engages in various business activities, including independent energy, real estate development, and telecommunications. It involves in planning and developing real estate development project in South Hoi An, Quang Nam Province, Vietnam, as well as focuses on providing long distance services to residential and business ... Detailed PRVH Company Description...

LAST $0.03 USD

Find out more about PRVH

Realpennies.com

Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.realpennies.com/start.html

Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. This may contain forward-looking statements and are not guarantees of performance. Reproduction of this without written permission is prohibited.

RealPennies.com

Phone: 212-662-2147

info [at] realpennies.com