Providential Holdings' PHILAND Appoints Objekt Design Group to Layout Pointe91 Interiors

LOS ANGELES, CA and HANOI, VIETNAM -- (MARKET WIRE) -- 06/10/08 --

Providential Holdings, Inc. (OTCBB: PRVH), which operates in merger and acquisitions consultancy, financial services, independent energy and resources, real estate development and invests in unique opportunities, today announced that its subsidiary, PHILAND, has retained Objekt Design Group for interior design of the beachside resort and private residences of the Pointe91 project.

Pointe91, a planned development spanning 118 acres of seaside property, is slated to become a gated community featuring a beachside resort, spa, and private residences. The project will break ground later this year. Architectural designs for the property can be accessed here: http://www.hawkassociates.com/clients/additional/index.cfm?client_id=13

Cee Atcheson, lead designer and principal of Objekt, said, "We intend to make the Pointe91 project into one of the most truly luxurious destinations in Vietnam. To match the unparalleled seaside location, we plan interior designs that evoke the tranquility of the sea and also bring in the vibrancy and uniqueness from the area. We are planning to fuse traditional French colonial timelessness and Asian architecture to give this project the combination of antiquity and contemporariness that is the essence of Quang Nam province."

PHILAND Director of Business Development John Nguyen, said, "Cee will be instrumental in creating cohesion and harmony in design not found anywhere else in Vietnam. Her ability to build a simple yet sophisticated style through careful selection of ornamental pieces will help us give the high-quality, elegance and personal touch that the Pointe91 lifestyle represents."

PHILAND, Corporate Director Daniel St. John said, "We are pleased to welcome Objekt to the Pointe91 team. Cee has the ability to take something whether it's a pot, a vase, an heirloom of some sort, from the culture and times and weave it into a simple, yet cohesive and sophisticated style. We are confident that Objekt will be able to capture a spirit of excellence that has driven this project since its inception. We intend to make Pointe91 one of the foremost luxury destinations in Vietnam to provide an exceptional individual experience for our clients, whether they spend a night with us or a whole lifetime."

About Objekt Design Group

Objekt Design Group is a California based company specializing in interior design. Founded in 2002, the company has designed interiors for California Pacific Homes, private homes and has been heavily involved with Disney's "House of the Future," which will be unveiled in Anaheim, California, later this year.

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 investments in the rapidly growing economies in Vietnam and Asia. For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.com. 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 a leading U.S. investment banking firm, to help Vietnamese companies go public and raise capital through the U.S. financial markets.

A profile for investors can be accessed at http://www.hawkassociates.com/prvhprofile.aspx.

For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@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/email.aspx.

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.

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Investor Relations Contact:

Hawk Associates, Inc.

Frank N. Hawkins, Jr. or Julie Marshall

Phone: (305) 451-1888

Email: Email Contact

17011 Beach Boulevard, Suite 1230

Huntington Beach, CA 92647

Telephone: (714) 843-5455

Fax: (714) 843-5455