Providential Holdings Signs Agreement to Take ATI Group Companies Public
Providential Holdings Signs Agreement to Take ATI Group Companies Public
Mar. 11, 2008 03:15 PM
LOS ANGELES, CA and HANOI, VIETNAM -- (MARKET WIRE) -- 03/11/08 -- Providential Holdings,
Inc. (OTCBB: PRVH), a company providing advisory, merger and acquisition
services as well as independently investing in Vietnamese economic
opportunities, today announced that it has signed a consulting agreement
with ATI Group (ATI) to assist the company, its subsidiaries and affiliates
with public listings in the U.S. markets. Providential will also arrange
funding and provide consulting services in the areas of public relations,
investor relations, management consulting, strategic alliances, and other
matters or special projects. ATI Group is engaged in nuclear energy
services, oil and gas exploration, aquaculture, and resorts. American
Technologies, Inc., the group's nuclear energy services division, is
operating in the United States and currently assisting Vietnam in building
the country's first nuclear power plant, one of the most technologically
advanced in Asia.
Chairman and Chief Executive Officer of ATI, Huu D. Dinh, Ph.D., said,
"Securing a public listing in the United States is crucial to implement
ATI's growth plans. The nuclear energy field in which ATI operates is
growing rapidly under strong demand for clean energy. At the same time,
with additional funding the company will continue to explore for oil and
gas from its allotted blocks in Vietnam and accelerate its production plan
as well as furthering its resort and real estate development business."
Henry Fahman, CEO of Providential Holdings, commented, "ATI's growing
market space and impressive client roster have driven its success in the
nuclear power arena. We believe a public listing in the U.S. will provide
enhanced liquidity and better access to the capital markets for ATI to fuel
growth across all its divisions. This recent agreement illustrates
Providential's ability to increase our deal flow and to expand our client
base."
About ATI Group
ATI Group consists of interrelated but independent companies providing
innovative technologies and services worldwide to governments and
industries including oil and gas exploration, aquaculture, resort and real
estate development. Through American Technologies, Inc., ATI Group provides
a complete range of nuclear engineering, environmental and technical
services to commercial and governmental clients across the United States,
Eastern Europe and Southeastern Asia. The company has undertaken over 100
nuclear energy projects with the Department of Energy in the U.S., major
U.S. nuclear energy corporations and other countries. ATI serves a wide
range of government and commercial clients, including the Bulgarian
electrical power industry, the U.S. Department of Energy, Department of
Defense, NASA, Lockheed Martin, Bechtel, Westinghouse, and Mobil. Recently,
ATI has won major technical and management contracts over billion USD from
Department of Defense. For more information, visit
http://www.atincorporated.com.
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse
business activities, providing advisory, merger and acquisition services as
well as independently investing in Vietnamese economic opportunities. As
part of its activities in Vietnam, Providential has been hosting seminars
in conjunction with the Nasdaq Stock Market, the Vietnam Chamber of
Commerce and Industry and leading U.S. investment banking firms, 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.
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.
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Investor Relations Contact:
Hawk Associates, Inc.
Antonella Montagna and Frank Hawkins
Phone: 305-451-1888
Email: Email Contact
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