PHI Group's Chairman Henry Fahman and Executive Vice President John Nguyen to Speak at the 2009 Vietnamese American Summit Conference

LOS ANGELES, CA--(Marketwire - May 6, 2009) - PHI Group, Inc., formerly Providential Holdings, Inc. (OTCBB: PRVH) (FRANKFURT: PR7) (WKN 935160), a company engaged in mergers and acquisitions, real estate development, mining, and investing in special situations, today announced that the Company's Chairman and CEO Henry Fahman and Executive Vice President John Nguyen will be speaking at the at the Vietnamese American Summit™ leadership conference, which will be held at the Beverly Hilton in Beverly Hills, CA on Friday, May 22, 2009 to acknowledge the achievements and contributions of Vietnamese Americans and discuss their past and future impact in such areas as film, media, business, law, politics, and community outreach.

This conference provides a unique venue for Vietnamese Americans of various backgrounds -- students, professionals, actors, executives, educators, journalists, artists, community leaders -- to come together to share life and career stories and to unite and inspire.

Panel topics, start times, and participants are as follows:

Surviving & Thriving: Stories from Dynamic Entrepreneurs, 10:00-11:00am

Panelists: Henry D. Fahman (Chairman & CEO - PHI Group, Inc.), Charles Phan (Owner - Slanted Door Restaurant), Alee Cao (Owner - The Cao Institute/Paul Mitchell The School), and Tan Le (President - Emotiv Systems). Moderator: John Nguyen (Executive Vice President - PHI Group, Inc.).

Strengthening Communities Through Non-Profit Involvement, 11:15-12:15pm

Panelists: Leyna Nguyen, (President - Love Across the Ocean), Dr. Linda Trinh Vo (Professor - University of California, Irvine), Amy Nguyen (CPP Deputy Director - UNAVSA), Laura Ward (Development Officer - East Meets West Foundation), and former NFL standout Dat Nguyen (Mentor - Coach for College). Moderator: Hong Vo (CPP Co-Director - UNAVSA).

Empowering the Community Through Politics & Law, 2:00-3:00pm

Panelists: Jacqueline Duong (Judge - Santa Clara County Superior Court), John Q. Duong (Former Executive Director of the White House Initiative on Asian Americans and Pacific Islanders), Dr. KimOanh Nguyen-Lam (Board member - Garden Grove Board of Education), and Van Tran (Assemblyman - State of California). Moderator: Luan K. Phan (President - Vietnamese American Bar Association of Southern California).

Achievement & Challenges in Film, 3:15-4:15pm

Panelists: Dustin Nguyen (Actor - "21 Jump Street," "The Rebel"), Timothy Bui (Director - "Three Seasons," "Green Dragon"), Ysa Le (Director - Vietnamese International Film Festival), Stephane Gauger (Director - "Owl and the Sparrow"), and Bao Tranchi (Fashion Designer/TV Personality). Moderator: Dr. Mariam Lam (Professor - University of California, Riverside).

The Vietnamese American Summit™ is part of the Vietnamese American National Gala™ (VANG™), a national biennial celebration of Vietnamese heritage and pride. The three-day weekend celebration brings together thousands of elected officials, community and business leaders, and Vietnamese American luminaries -- coming together to honor America's best and brightest. This year's Golden Torch Award Honorees are as follows:

Honorary Vietnamese American -- PRESIDENT JIMMY CARTER

Business/Entrepreneur Award -- SUGARBOWL BAKERY

Achievement in Politics -- CONGRESSMAN ANH JOSEPH CAO

National Leadership -- UVSA of SOUTHERN CALIFORNIA

Diversity Pillar -- WELLS FARGO

Student of the Year -- MINH NGUYEN

For more information, please visit www.vangusa.org or e-mail info@vangusa.org.

About PHI GROUP, INC.

PHI GROUP, INC., formerly known as Providential Holdings, Inc., focuses on M&A and consulting services, real estate development, mining and investing in special situations. The Company assists companies to go public and raise capital, develops "Pointe 91," a luxury resort and premium residential community in Chu Lai, central Vietnam, (www.philandranch.com), and engages in mining in Southeast Asia (www.phimining.com). The Company's main web site address is www.phiglobal.com.

Contact Information: Henry Fahman Tel: 714-843-5455