Providential Holdings' CEO Henry Fahman to Be Keynote Panelist Speaker at CityScape USA

LOS ANGELES, CA and HANOI, VIETNAM--(Marketwire - September 2, 2008) - Providential Holdings, Inc. (OTCBB: PRVH) (FRANKFURT: PR7), which operates in merger and acquisitions consultancy, financial services, independent energy and resources, and real estate development and invests in special opportunities, today announced that its CEO, Henry Fahman, will present at CityScape USA 2008 real estate conference. Fahman will be a keynote panelist speaker focusing on a discussion focused on the real estate market: "Vietnam: Symbolizing the Growth and Dynamism of Growing Asian Economies."

Cityscape USA is a three-day conference and two-day networking exhibition, September 9-12 at the Javits Center, New York City, showcasing investment opportunities in emerging real estate markets in India, China, Vietnam, Asia, the Middle East, Russia and Latin America. It attracts top regional and international institutional investors, architects, designers, consultants in the real estate industry from around the world. http://www.cityscape-usa.com/

Fahman said, "I am honored to be a keynote panelist speaker at CityScape USA Real Estate Conference. CityScape USA is a wonderful venue in which to learn of new opportunities for investments, learn of emerging trends in the real estate market, and hear first-hand of best practices in the industry. It is also an opportunity to build our network of contacts and meet other players in our niche -- the real estate market in emerging markets, especially in Asia and Vietnam.

"In spite of the recent impact due to domestic inflationary pressure and high interest rates, the secular trend in Vietnam is robust and will continue to be so for decades to come. We see a truly tremendous opportunity for investment in all sectors, including industrial, residential, commercial, retail, and hospitality. As FDIs stand at an all-time high, over $31 billion committed in the first half of 2008, and keep growing, one can expect Vietnam to replicate the economic success story of China, especially in the area of real estate development."

As part of the Company's real estate activities in Vietnam, PhiLand Corporation, a wholly-owned subsidiary of Providential Holdings, has recently broken ground on Phase One of the Pointe91 project in Chu Lai, Quang Nam Province. Pointe91, a premier 118-acre development, will showcase Quang Nam's otherworldly beauty and vibrant culture as a backdrop for a seaside community, fusing modern décor and timeless French Colonial design, which includes luxury private residences, a beachfront resort, a marina, a marketplace, an amphitheater, and extensive landscaping. 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. 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 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.

Contact Information: Investor Relations Contact: John Nguyen VP Phone: 714-843-5460 E-mail: