Providential Holdings Signs Real Estate Co-Development Agreement

LOS ANGELES, CA and HANOI, VIETNAM -- (MARKET WIRE) -- 05/27/08 --

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, has signed an agreement with DCH-NQH Holdings to co-develop real estate in Quang Nam Province, Vietnam.

Under the terms of the agreement, DCH-NQH will provide resources to co-develop real estate projects with Providential, including the introduction of third parties interested in working or investing in these. DCH-NQH will receive a 10% stake in each phase of the project for which it provides these resources.

Providential has negotiated with Quang Nam Province to develop 3,650 hectares or approximately 9015 acres that includes portions of the Chu Lai Open Economic Zone and South Hoi An, where Providential's seaside residential community, Pointe91, is slated to begin construction later this year. The company plans to develop the remainder of the area in the near future.

DCH-NQH's Managing Partner, Allen Wu, said, "We are excited about this strategic partnership. We look forward to having a long and mutually beneficial partnership with Providential."

About DCH-NQH Holdings, LLC

DCH-NQH Holdings LLC, a joint venture between DC Holdings Pte. Ltd. of Singapore (DCH) and NQH Architects of Vietnam (NQH), provides master planning, architecture, branding, construction, financing and sales and marketing services to real estate projects in the former Indochina area. The company is primarily focused on Vietnam. For information on DCH-NQH, please write: info@dch-nqh.com. For information on NQH, visit www.nqh-architects.com.

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