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

LOS ANGELES, CA and HANOI, VIETNAM--(Marketwire - January 15, 2008) - 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 Holdings in 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 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. Antonella Montagna and Frank Hawkins Phone: 305-451-1888 Email: Providential Holdings, Inc. 17011 Beach Boulevard, Suite 1230 Huntington Beach, CA 92647 Telephone: 714-843-5455 Fax: 714-843-5452