Providential Holdings Appoints Veteran Wimberly Allison Tong & Goo Designer as Lead Architect for South Hoi An Project

LOS ANGELES, CA and HANOI, VIETNAM, Jan 15 (MARKET
WIRE) --
Providential Holdings, Inc. (OTCBB: PRVH), a company providing advisory, merger
and acquisition services as well as independently investing in Vietnamese
economic
opportunities, has named Arkarnit (Nick) Intarajit as lead architect for the
South Hoi An project, which includes the PhiLand Pointe91 development. Pointe91,
a
57-acre development in Bien Rang, Chu Lai Open Economic Zone in Vietnam, is
slated to become a gated seaside community that will feature a luxury
boutique hotel, private residences and a country club.

Intarajit has more than 33 years of experience in architecture and
construction throughout Asia, specifically in Singapore and Thailand. He
previously worked at Wimberly Allison Tong & Goo, where he was project designer
for the Bali Nirwana Resort hotel and residential community. While there, he
was also part of the design team for the Atlantis Paradise Island Resort located
in Nassau, Bahamas. Intarajit also served as project designer for Bassenian
Lagoni Architects, based in Newport Beach, Calif., where he has designed single
family and mid-rise condominiums for clients in Indonesia and Newport Coast,
Calif. Most recently, Intarajit was the project designer for Balboa Bay Club
Resort and Hotel in Newport Beach, Calif. and senior designer for William
Hezmalhalch Architects.

Intarajit said, "I am very excited to begin work with Providential
Holdingsin the South Hoi An project and, specifically, in Pointe91. The PhiLand
Pointe91
project has the potential to become an attractive tourist destination due to its
picturesque location and the diverse amenities it will offer."

PhiLand Corporation Project Director Robert Buceta said, "We are very
pleased
to appoint Nick as lead architect for the South Hoi An project. His extensive
design and architectural experience with world-class firms will be invaluable
in making PhiLand Pointe91 and the South Hoi An project exceptional tourist
destinations."

About South Hoi An

Named as one of Vietnam's four World Heritage sites, Hoi An, located in
Quang Nam, is a quiet riverside destination dotted with temples, shrines and
Chinese style tile-roofed wooden houses. With its compelling architecture and
history as one of Vietnam's most important international seaport towns, Hoi An
has
rapidly become a popular tourist destination.

The coastal areas of the central province of Quang Nam have already
attracted the
attention of investors. Since 2004, these tourist areas have been developing
strongly, registering over 166 projects with a total capital of over $1.6
billion. For more information about PhiLand and the South Hoi An Project,
please visit http://www.philandcorp.com.

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.

A profile for investors can be accessed at
http://www.hawkassociates.com/prvhprofile.aspx.

For investor relations questions regarding Providential, contact Frank
Hawkins
or Antonella Montagna, Hawk Associates, at 305-451-1888, e-mail:
info@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/email.aspx.

Safe Harbor: This news release contains forward-looking statements that
aresubject to certain risks and uncertainties that may cause actual results
todiffer materially from those projected on the basis of such
forward-lookingstatements. 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.

Investor Relations Contact:
Hawk Associates, Inc.
Antonella Montagna and Frank Hawkins
Phone: 305-451-1888
Email: Email Contact

Providential Holdings, Inc.
17011 Beach Boulevard, Suite 1230
Huntington Beach, CA 92647
Telephone: 714-843-5455
Fax: 714-843-5452

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