Providential Holdings Assists Vietnam-Based Cat Thai Manufacturing & Trading Company With U.S. Stock Market Listing

LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - June 28, 2007) - Providential Holdings, Inc. (OTCBB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a company providing international advisory services specializing in mergers and acquisitions and investing in the rapidly growing economies in Vietnam and Asia, announced today a definitive agreement to help Cat Thai Manufacturing & Trading company go public and access United States capital markets. In exchange, Providential will receive shares of stock from the new public company for its services.

Providential Holdings Chairman and CEO, Henry Fahman, said, "With the rapid liberalization of the Vietnamese economy towards international commerce, companies like Cat Thai are significantly poised to benefit from becoming a publicly traded company. Cat Thai is currently evaluating different strategies, including a business combination with an existing US public company, to gain access to the U.S. capital markets and we look forward to advising and helping Cat Thai throughout this process."

President of Cat Thai Manufacturing & Trading, Le Tuan Anh, said, "We believe Providential's help will be crucial in our growth strategy. By becoming a publicly traded company in the U.S. we will be able to increase liquidity, enhance valuation and establish better access to institutional funding to fuel our growth."

About Cat Thai Manufacturing & Trading

With its root dated back in 1860, Vietnam-based Cat Thai originated as a trading company that went into the molding business in 2000 after securing contracts from customers that include Sanyo, Honda, Toshiba, the Mitsubishi Group and Colgate Palmolive. The company currently operates a 7,000 square meter factory and employs 200 workers at the factory to produce plastic parts on long-term contracts for several Japanese and American multinational corporations. Cat Thai has also entered into a joint venture with Japan-based Okumura-DuyAnh, to specialize in the manufacture of molds and engineering metal parts for machines. The company has offices in Europe and Australia, both to market its products and services and to provide after sales service.

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, independent energy, and investments in the rapidly growing economies in Vietnam and Asia. The company acquires and consolidates special opportunities in selective high-growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies. For more information on Providential Holdings and its subsidiaries, 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 Julie Marshall, 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 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 Information: Investor Relations Contact: Hawk Associates, Inc. Frank Hawkins or Julie Marshall Phone: (305) 451-1888 E-mail: