Contact Information: Investor Relations Contact: Hawk Associates, Inc. Antonella Montagna and Frank Hawkins Phone: 305-451-1888 Email:
Providential Holdings Forms Human Capital Consulting Firm to Focus on Vietnamese Companies
| Source: Providential Holdings, Inc.
LOS ANGELES, CA and HANOI, VIETNAM--(Marketwire - August 8, 2008) - Providential Holdings,
Inc. (OTCBB : PRVH ), a company providing advisory, merger and acquisition
services as well as independently investing in Vietnamese economic
opportunities, has formed HRciti Corp. (www.hrciti.com), a majority-owned
subsidiary that specializes in human capital development, executive
education and customizing training solutions for Vietnamese companies.
Martin Doan, Ph.D., has been appointed as chief executive officer of
HRciti. The company has also recruited Rick Cardin, Ph.D., a specialist in
finance and franchising from Harvard University, to serve as Chief
Operating Officer of the Vietnam operations and Bill Davidson, Ph.D., also
a Harvard graduate and a world-renowned executive coach to serve on the
board of directors.
Benjamin Tran, co-founder of the firm, said, "HRciti will be priced
competitively with other brand-name consultants and will offer prestigious
executive education to high profile individuals. We have already secured a
large pipeline of clients that have immediate organizational development
needs and visionary executives who are aiming to increase their companies'
global competitiveness with our customized in-house training programs. We
seek to build and develop sophisticated, insightful business leaders that
will transform organizations and industries."
Doan said, "Our mission is to set a new standard for Vietnamese companies
by offering top notch consulting services and a cutting edge training
curriculum in human capital development and management. Our training will
prepare Vietnamese executives for the competition they now face after
Vietnam's entry to the World Trade Organization (WTO). To achieve this
goal, we will provide proactive executive education, superlative executive
coaching and unmatched finance and operations E-learning tools. In
addition, our HR consulting services provide practical evidence-based
solutions and organizational empowerment for managers to successfully
attract and retain talent."
About HRciti Corporation
HRciti Corporation is a Vietnam-focused consulting company with
headquarters in Huntington Beach, California and operating in Vietnam. Our
mission is to empower Vietnamese companies to enter the global market in
the post-WTO era via world-class executive training and human capital
advisory services to maximize results for our clients. Our services
include executive education including executive coaching, international
leadership, capital development, project managements, finance and
operations. Web site: www.hrciti.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.
A profile for investors can be accessed at
http://www.hawkassociates.com/profile/prvh.cfm.
For investor relations questions regarding Providential, contact Antonella
Montagna or Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail:
Providential.holdings@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/about/alert.
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.