I picked some up at .21 so now it will drop--LOL--

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Originally posted by old mullet:
i first started buying this at .18 in november. sold it once at .32. i have been accumulating it again in the .19-.21. this is a well diversified company that seems to have a knack for picking solid plays. almost like a little mutual fund. i really like the news denzen. thanks.

uncle milty

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dz

quote:

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Originally posted by glassman:
I dug this up to show you guys this one is ALWAYS in play--it's coming back down into buy range again-----------------

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Total revenues were $2,389,049 and $30,843 for the quarter ended December 31, 2003, and 2002, respectively, an increase of 7,645%. The increase is due primarily to the completion of a merger agreement the Company facilitated and the acquisition of several new subsidiaries. Of this amount, $2,347,867 in sales and tuition was generated by the subsidiaries.

Net loss from operations for the quarter was $904,928 as compared to that of $545,577 for the same quarter in 2002. Net loss for the quarter was $3,961,534, compared to $654,295 for the same period in 2002, which is equivalent to ($0.04) per share versus ($0.02) per share, respectively, based on the weighted average number of basic and diluted shares outstanding for the pertinent quarters. The difference is primarily attributed to the acquisition of several subsidiaries in the current quarter and a one-time non-cash write-off of $3,150,965 due to impairment of goodwill.

Total revenues were $6,829,049 and $73,352 for the six months ended December 31, 2003, and 2002, respectively, an increase of 9,200%. Revenues for the current period consist of $4,440,000 in consulting fees and $2,389,049 in sales and tuition compared to $11,552 consulting fees and $61,800 in sales for the comparable period in the prior fiscal year. The increase is due primarily to the completion of a merger agreement the Company facilitated and the acquisition of several new subsidiaries. Of this amount, $2,347,867 in sales and tuition was generated by the subsidiaries.

Net income from operations for the six months ended December 31, 2003 was $2,363,897, as compared to net loss from operations of $801,255 for same period ended December 31, 2002. Net loss for the six months ended December 31, 2003 was $782,473, compared to $1,034,054 for the same period in 2002, which is equivalent to ($0.01) per share versus ($0.03) per share, respectively, based on the weighted average number of basic and diluted shares outstanding for the pertinent quarters. Without the one-time accounting write-off of $3,150,965 due to impairment of goodwill, net income would have been $2,368,490 for the six months ended December 31, 2003.

The Company's management has taken important steps to further increase revenues and generate profits for its subsidiaries, including ATC Technology, ClearPass Systems, PHI Digital Corp., Provimex, Providential Capital, Irvine College of Medical Sciences, and Touchlink Communications. In addition, the Company actively assists Lexor Holdings, Inc. and Nettel Holdings, Inc. in their growth plan in order to create additional value for its holdings in these companies.

In the near term, the Company also seeks to acquire several entities germane to its core business spaces, which are expected to significantly add to the Company's net worth. These efforts are part of our strategy to build the value of our asset base, and solidify the Company's balance sheet as we enter our high growth stage.

About Providential Holdings

Providential Holdings, Inc. (PHI) is a diversified holding company committed to creating shareholder value through growth. The company focuses on selective technologies, capital and financial services, international markets and special situations.

Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, telecommunications, trade commerce, and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth.

URL: http://www.phiglobal.com

Safe Harbor

FOUNTAIN VALLEY, CA, Jun. 22, 2004 (MARKET WIRE via COMTEX) --
Touchlink Communications (www.touchlinkcom.com), a subsidiary of Providential Holdings, Inc. (OTC BB: PRVH) (Berlin: PR7, WKN 935160), www.phiglobal.com, today announced the official launching of its feature-rich and low cost long distance service that p
rovides users the lowest rates per minute and simplest billing plan.

Within the first half hour of our advertisement, Touchlink's central call center received a myriad of customer calls from all over the country. Seventy percent of those who called signed up for a prepaid calling plan instantly. The customers also expressed excitement with Touchlink's simple billing plan versus the industry's current complex billing maze.

Users can visit the Company's web site at www.touchlinkcom.com or call (866) 409-2400 or (866) 745-3759 to sign up for Touchlink's service.

"Touchlink enhanced long distance service is an exciting technology that can transform the way people communicate and today it's getting even cheaper," said Joseph Mai, CEO of Touchlink Communications. "Our business vision is to deliver products and services that provide value and make the customer's life easier."

"Today, consumers have to make a prudent choice of companies when they select a long distance service provider," said Charles Tran, President of Touchlink Communications. "With Touchlink, they'll be able to get the lowest rates on long distance service. Once they register either their work, home or even mobile phone numbers, they can make calls without entering any PIN and conveniently manage their billing online via our web site at www.touchlinkcom.com.

About Touchlink Communications

Touchlink Communications is a fast growing provider of US domestic and international long distance service with the low cost per minute. Using cutting-edge internet telephony technologies, we provide our customers the most economical way to communicate on the phone in the US and around the globe.

About Providential Holdings

Providential Holdings and its subsidiaries engage in a number of diverse business activities among which the most important is mergers and acquisitions. Other products and services include basic metals, consumer electronics, education, identification technology, industrial tools, information technology, telecommunications, trade commerce, and special situations, especially in the U.S. and emerging overseas markets with high potential for growth. URL: http://www.phiglobal.com.

Contact: Touchlink Communications Charles Tran 866/409-2400 Providential Holdings Henry Fahman 714/849-1577 henry@phiglobal.com

Providential Holdings
Timothy Pham, 714-843-5456 www.phiglobal.com

Providential Holdings, Inc. (OTCBB:PRVH) (www.phiglobal.com), a diversified holding company which currently focuses on mergers and acquisitions services, cutting tool business, and international markets, announced today that the Company has assisted Mirae Tech Co., a Korean corporation, to complete its merger plan with Rapid Bio Tests Corporation, a Nevada corporation, (OTCBB:BOWC) and has successfully arranged a $5 million funding for the new combined company.

Mirae Tech Co. is engaged in the research and development and production of electrical energy and environment-related products. This company holds several international and domestic patents and produces electric conductive textile heating panel, mat, wall paper, laminated floor paper, sauna, negative potential plate, negative ion plate, fomenting machine and noise-related products like acoustic absorbent, soundproofing materials, etc. that are known to protect the environment and enhance people's life quality.

Providential Holdings will be receiving a fee for the services rendered.

Providential currently expands its M&A services in Southeast Asia and will be holding seminars on corporate growth and capitalization in Ho Chi Minh City and Tam Ky, Quang Nam Province, Vietnam on Dec. 20 and 21, 2004, respectively.

About Providential:

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services, cutting tools, and international markets. 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.

Safe Harbor:

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

These and other risks are identified in the company's SEC filings and should be considered in evaluating the forward-looking statements made herein.