Providential Holdings Announces a $5 Million Funding From Institutional Investor
Monday August 29, 2:30 am ET
LOS ANGELES, CA--(MARKET WIRE)--Aug 29, 2005 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced that the Company has signed a term sheet with an institutional investor for a $5 million funding.
The Company intends to use the proceeds from this financing for closing the acquisition of Tulon Pacific, for funding two other projects and for short-term working capital. The Company believes this is the beginning of a long-term relationship and expects to work closely with this institutional investor and its family of funds to meet other financing needs of the Company's clients, including funding for mergers and acquisitions, recapitalization, and equitization for both U.S. and international companies.
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, industrial 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. For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.com.
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: Contact: Providential Holdings, Inc. Henry Fahman 714-843-5450, Ext. 5455 Email Contact
-------------------------------------------------------------------------------- Source: Providential Holdings, Inc.
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Strong volume and interest in EKWX again today. A PR/news release may be coming out today...so, I've been by another investor who claimed to talk with the CEO this morning. They normally issue these in the afternoon eastrn time. We shall. There continues to be strength in this stock and the tech. indicators are very strong regardless. This stock way over do for a rally/reversal.
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NTTL is moving up on strong volume and that's because they got revs. that are rapidly increasing...while their share count remains around 23 million shares or so. Also, PRVH...which likely owns several million shares of NTTL still (from when they brought them public)...has had great news itself recently. I think PRVH is ready to move up very strongly from here. We shall see.
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EKWX...is up about 40% today at .0039 cents. Volume is very strong. RSI just went above 70 today. Charting and momentum look very good.
It looks like it's now working on breaking through the .0040 level. We'll see if, it occurs today.
Thus, it looks like EKWX will continue to go up. I and many others believe the .01 cent to .03 cent level will eventually be reached (reasonably soon) and this will likely be done even without EKWX issuing anymore news. Lots of speculation, momentum, charting and reversal playing/buying is occurring now.
Many are also suggesting at this time...and I agree...buy on the dips.
Still seems to be a lot more room for this to go up.
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US natural gas production 'crippled for months'
By Sheila McNulty in Houston Wednesday, September 14, 2005 Posted: 04:25 PM EDT (21:25 London)
Three weeks after Hurricane Katrina struck one of the world's most important natural gas producing regions, 35 per cent of Gulf of Mexico production remains off-line, and analysts say gas production there will remain "crippled for months".
"The hurricane has propelled already record high gas prices to an even higher plane, with no relief in sight," according to Wood Mackenzie, the consulting and research company.
Some analysts predict natural gas prices will average $12 per thousand cubic feet this winter – double the cost last winter. Jason Gammel of Prudential Equity Group believes higher natural gas prices will be more important for US consumers than high petrol prices, which already average more than $3 per gallon.
amep is in the right place at thye right time
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With gold closing above $463US/oz...junior gold and gold mining stocks are being bought now. I like MYNG, MDGM, WITM and EKWX (watch for buying ops here).
I do think MDDM (.76 x .95) is putting in a bottom now and will soon begin another very strong pps run. Looks like the electrified bullet technology will finally be getting orders soon. The saliva test kit company and others should be coming along too. They seem to focus more on one of their holdings at one time...rather than spreading their energies too thin IMO.
IDS Worldwide, Inc. Announces Closing of HLS Buyout
IDS Worldwide, Inc. in a Letter to Shareholders to Be Released on October 12, 2005 Announcing HLS Buyout and Special Common Stock Dividend IDS Worldwide, Inc. (OTC: IDWS) today announced that it has concluded the negotiations for the buyout of the Company's Homeland Security Division (HLS) in a deal valued at $40,000,000 before certain closing costs..
IDS also announced today the Board of Directors has decided to use 100% of the proceeds from the buyout for a one time special dividend paid to common stockholders of IDS Worldwide, Inc. stock. The letter to the shareholders will explain the payouts and ex-dividend date. The shareholders will be informed of these details in the letter to be released on October 12, 2005. IDS also announced now that the Company has concluded this transaction, IDS will now move to conclude quickly the spin-off of 995ad.com as a majority owned subsidiary to trade under its own stock symbol on the OTCBB.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
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BIGN.PK more good news out on tuesday, with earnings guidance for 2006 on thursday october 13th 2005. This one is starting to really get interesting again and again as time goes by. At .013 looks like a good oil and natural gas play.
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IDS Worldwide, Inc. Updates Closing of HLS Division Buyout
IDS Worldwide, Inc. Updating Special Common Stock Dividend and Ex-Dividend Date
IDS Worldwide, Inc. (OTC: IDWS) today updated the Company's previous Press Release that it has concluded the negotiations for the buyout of the Company's Homeland Security Division (HLS) with the closing deal determined to be now valued at $41,500,000 before certain closing costs..
IDS also previously announced that the Board of Directors has decided to use 100% of the proceeds from the buyout for a one time special dividend paid to common stockholders of IDS Worldwide, Inc. stock after various closing costs. IDS has been able to determine the one time special dividend value to be higher than the previously announced range of $.37 to $.87. Certain final closing agreements have now upgraded the range of the one time special dividend value to the shareholders to $.87 and $1.01 per common stock share of IDS Worldwide, Inc. IDS hopes to conclude in the next 48 hours discussion with Tax counsel to determine the exact dividend after closing costs and corporate tax considerations. In any event the value will be at least $.87 per common stock share.
Finally, IDS counsel has informed the Company that under Rule 10b-17 there is a 10 day window prior to "any dividend record date." Therefore, after the one time special dividend value is determined after tax questions completed in the next 48 hours the ex-dividend date will be set and any investors buying the stock up to the ex-dividend date will be eligible to receive the full value of the one time special dividend.
IDS is not issuing any additional shares of IDS Common Stock in connection to this transaction so there will be no dilution to common stock holders of IDS Worldwide, Inc. IDS has not concluded the negotiations for licensing the technology of the Company's various Biometric Technologies and this will not delay the closing but will conclude as a separate transaction.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Source: Market Wire (October 13, 2005 - 8:34 AM EDT)
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WTVN...may make a run soon. Their new site is up, running and it looks really good IMSO. They're still getting the bugs worked out, but folks are signing up at a fast rate. If, WTVN goes up...with the likely very large short position on this stock...it could be another huge run.
ps.This stock has been on the NASDAQ reg SHO naked short threshold list for most of this year! Here's a link for this info:
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I think you are right about junior mining stocks hitting their bottom.I have been looking into a couple of juniors that are in Mexico. Palmarejo (PJO) and Paramount Gold(PGDP)I was surprised to find them in very good company. I ran across this report by Canaccord Capital, below is an excerpt from it, after reading this, I picked up the cheapest of the two juniors’ (Paramount). after reading the report at .80 cents If the bottom in Jrs' is here this should prove to be a great buy for This area looks very good.
Happy reading: Mexico continues to be an attractive choice for mineral exploration/development companies. In 2004, Mexico attracted US$154 million in exploration investment, second only to Peru with US$196 million in exploration dollars spent in Latin America. Important factors driving the interest in Mexico include a strong mining tradition dating back to the Spanish in the 1700s, solid geological potential, unexplored or under explored areas, good communications and infrastructure, stable mining law, experienced labour pool, political stability, no restrictions on capital flows, and proximity to North America. We have reviewed five North American mineral exploration/developing companies advancing epithermal gold (Au)/silver (Ag) prospects in the Sierra Madres. Within this report, we use a number of criteria to assess the companies and their underlying Au/Ag assets. Company Symbol/Exchange Rating Target INITIATING COVERAGE Alamos Gold Inc. AGI : TSX SPEC BUY C$6.25 Gammon Lake Resources Inc. GAM : TSX HOLD C$8.85 Kimber Resources Inc. KBR : TSX SPEC BUY C$2.25 Minefinders Corp Ltd.* MFL : TSX HOLD C$6.50↑ Palmarejo Gold Corp. PJO : TSX-V SPEC BUY Y C$3.70 *transitioning coverage from Graeme Currie. Source: Canaccord Capital
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WTVN...as of yesterday's close had 305 million shares O/S. IMO, that's not bad for a co. trading at .0008 cents. Last time WTVN (WFTV) was at this level or lower it traded hundreds of million shares per day...or almost the current shares outstanding. Here are the links to the main site and message board: http://www.wi-fitv.com/index.phphttp://www.wi-fitv.com/forum/index.php Should be a large short position on this stock. I'd like to see them cover.
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