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Providential Holdings, Inc. (OTCBB: PRVH)
Providential Holdings, Inc. closed at $0.03 Friday, trading 26,690 shares.
Company News- December 14, 2007: Providential Holdings Will Host Fund-Raising Seminars for Vietnamese Companies
On Friday, Providential Holdings, Inc. (OTCBB: PRVH), a company that provides advisory, announced that merger and acquisition services as well as independently investing in Vietnamese economic opportunities, will host a series of seminars in Hanoi and Da Nang, Vietnam for companies seeking funding through the capital markets or through private equity. The Hanoi seminar will be held on Tuesday, December 18 at 8:30 a.m. in the Fortuna Hotel, 6B Lang Ha St. The Da Nang seminar will be held on Wednesday, December 19 at 8:30 a.m. in the Daesco Hotel, 155 Tran Phu St.
The seminars will provide information on the U.S. stock markets and their listing requirements, provide a comparison of major international and Asian regional markets, discuss raising capital through public markets and private equity, and give an overview of investor relations and keys to success as a public company. The seminars will be held in conjunction with the Vietnamese Chamber of Commerce and Industry (www.vcci.com.vn), Providential Vietnam Growth Fund.
Henry Fahman, Chairman and CEO of Providential Holdings, said, "These seminars are an excellent opportunity for Vietnamese companies to gain knowledge and develop the strategies needed to successfully access the public markets and private equity funds as they seek to further their growth."
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. For more information on Providential Holdings, visit http://www.phiglobal.com. 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.
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National Penn Bancshares, Inc. (Nasdaq: NPBC)
National Penn Bancshares, Inc. closed at $14.87 Friday, trading 207,600 shares.
Company News- December 14, 2007: Christiana Bank & Trust Stockholders Approve National Penn Merger
On Friday, National Penn Bancshares, Inc. (Nasdaq: NPBC) and Christiana Bank & Trust Company (OTC Bulletin Board: CBTD) announced that Christiana's stockholders approved a merger transaction under which National Penn, the parent company of National Penn Bank, will acquire Christiana.
Christiana Bank & Trust will become a wholly-owned subsidiary of National Penn Bancshares, Inc., retaining its name and status as a Delaware-chartered banking corporation.
The acquisition is expected to further diversify National Penn's revenue base, add a growing business to the company's network of banks and financial services and provide National Penn with a geographical presence in Delaware, known for its favorable tax and legal environment.
In the acquisition, Christiana stockholders may elect to exchange each of their shares of Christiana common stock for either $37.69 in cash or 2.241 shares of National Penn common stock, as provided in the Merger Agreement. The elections of Christiana stockholders are further subject to allocation procedures that are intended to result in the exchange of 20% of the Christiana shares for cash and the remaining 80% for shares of National Penn common stock.
After the merger, National Penn expects to have assets in excess of $5.9 billion and trust assets under administration or management in excess of $7.1 billion.
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Delaware Banking Commissioner have each approved the transaction. Closing is anticipated to occur January 4, 2008.
About National Penn Bancshares, Inc.:
National Penn is a $5.76 billion asset financial services company operating 81 offices in Pennsylvania through National Penn Bank and its FirstService Bank, HomeTowne Heritage Bank, Nittany Bank, and Peoples Bank of Oxford divisions. The Peoples Bank of Oxford Division also operates one community office in Cecil County, Maryland.
National Penn's financial services affiliates consist of National Penn Investors Trust Company; National Penn Capital Advisors, Inc.; Vantage Investment Advisors, LLC; National Penn Insurance Agency, Inc.; and National Penn Leasing Company.
National Penn common stock is traded on the Nasdaq Stock Market under the symbol "NPBC." Additional information about the National Penn family is available on the company's Web site at http://www.nationalpennbancshares.com.
About Christiana Bank & Trust Company:
Christiana, headquartered in Greenville, Delaware, is listed on the OTC Bulletin Board under the symbol "CBTD." As of September 30, 2007, Christiana had $163.7 million in assets, $140.6 million in deposits and 58 employees. In addition, Christiana had $3.8 billion in trust assets under administration. Christiana provides personal and commercial banking as well as trust and asset management services from locations in Greenville and Wilmington, Delaware. In addition, Christiana Corporate Services, Inc., a wholly owned subsidiary of Christiana, provides commercial domicile and agency services in Delaware. Monarch Management Services LLC, wholly owned by Christiana Corporate Services, Inc., provides commercial domicile services in Delaware. Christiana Trust Company LLC, a Nevada non-depository trust company, wholly owned by Christiana, provides commercial domicile and trust services in Nevada.
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Cinemax Pictures and Production Co., Intl., Inc. (OTC Pink Sheets: CPPC)
Cinemax Pictures and Production Co., Intl., Inc. closed at $0.13 Friday, trading 45,402 shares.
Company News- December 14, 2007: Cinemax Pictures and Production Co. Intl., Inc. (OTC Pink Sheets: CPPC) Announced Today Its Intentions to Change Its Current Reporting Status
On Friday, Constantine Papadopoulos, CEO and Tony Gouveia, CFO of Cinemax Pictures and Production Co., Intl., Inc. (OTC Pink Sheets: CPPC) announced that its plan to change the current reporting status of CPPC.
According to Gouveia: "Our Securities Counsel is currently styling a Form 10SB Registration Statement, which is required to be filed with and approved by the Securities and Exchange Commission ("SEC") in order for a company to become Reporting under the 1934 Exchange Act. We contemplate that Cinemax Pictures will become a fully reporting SEC company early in the year 2008."
ABOUT CINEMAX PICTURES
Cinemax Pictures and Production Co., Intl., Inc. is a television and film production company that currently owns a variety of TV and Film projects in various stages of development or pre-production. It is also expanding its business operations via acquisition of production entities, film libraries and through its internal media productions and is looking to expand into the new media formats. For further information, please visit our website at http://www.cinemaxpictures.com
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Linkwell Corporation (OTC Bulletin Board: LWLL)
Linkwell Corporation closed at $0.21 Friday, trading 103,250 shares.
Company News- December 14, 2007: Linkwell Corporation Signs LOI with German Company for Distributing Disinfectant and Detergent Products
On Friday, Linkwell Corporation (OTC Bulletin Board: LWLL) announced that they recently signed letter of intent with Energeta Deutschland Ltd.&Co KG for distributing disinfectant and detergent products. Linkwell Corporation will distribute Energeta KG's products through its nationwide sales network, including many famous German-based company's products, including Antiseptica's highest- standard disinfectants, world leading cleaning equipment, Kiehl's world-class detergents to Bufa's industry cleaning and laundry products.
Linkwell's Chief Operation Officer, Mr. Chunming Huang, stated, "We are pleased with the cooperation. We plan to exert advantages of our nationwide sales network, introducing and promoting internationally famous products and advanced technologies, so as to make more contributions to Chinese health safety."
About Linkwell Corporation
Linkwell Corporation develops, manufactures, and distributes disinfectant healthcare products in China through its subsidiary Shanghai Likang Disinfectant High Tech Company ("Likang"). Linkwell's disinfectant healthcare products are a nationally recognized domestic Chinese brand in this market segment. Linkwell products include disinfectants in liquid, tablet, powder and aerosol form. Through Likang, Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special municipalities of China. For more info about the company, please visit http://www.linkwell.us .
About Energeta Deutschland Ltd.&Co KG
Energeta is a German supplier for professional companies in the field of cleaning and hygiene. By offering made-in-Germany detergents (Johannes Kiehl KG), high-risk area disinfectants (Antiseptica GmbH) and several other companies' products, Energeta can offer comprehensive cleaning and hygiene solutions for every need.
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