PRVH - Gewinner - Tread - 2005
die Bühne bringen, kann das jemand bestätigen ?
Southridge Capital Management LLC Managed Funds Provide Up to $10 Million Financing to Providential Holdings Inc.
Wednesday February 23, 7:00 am ET
RIDGEFIELD, Conn., Feb. 23 /PRNewswire/ -- Southridge Capital Management LLC (" Southridge" ), a private investment firm that provides investment capital to small and microcap companies, is pleased to announce a financing facility of up to $10 million between funds it advises and Providential Holdings, Inc. (OTC Bulletin Board: PRVH - News; www.phiglobal.com)
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Providential Holdings is provider of international management advisory services to companies that are located or operate in the Pacific Rim. As a fee, the Company takes a minority ownership interest in the partner-client company and can earn substantial profits if the portfolio company is successful in its operations. In addition, the company manufactures, in North America, cutting tools used in printed circuit boards and wireless communications equipment sold worldwide.
Henry Fahman, Chief Executive Officer of Providential Holdings, stated " we are pleased to have partnered with Southridge in this financing. We searched for an experienced, institutional partner who can meet every challenge and be there every step of the way with us. We plan to leverage our expertise in Asia, and we view this Facility as a valuable tool in meeting our objectives."
" We are excited about our relationship with Providential Holdings. We look to be a steady source of growth capital for a wide variety of needs including working capital, acquisitions and other requirements," said Stephen Hicks, Founding Principal at Southridge.
About Southridge:
Since its founding in 1996, Southridge advised funds have provided in excess of $1 billion in growth capital to emerging companies. Southridge is committed to funding companies with robust business models domestically and abroad.
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Source: Southridge Capital Management LLC
2. Eine Fondgesellschaft stellt Kapital zur Verfügung, was in der Regel ebenfalls mit neu ausgegebenen Aktien unterfüttert wird.
2x wird mal wieder verwässert, ohne dass operativ irgendein Lichtblick damit verbunden wäre. Einziger Lichtblick für den bisherigen Anleger: Beide Neueinsteiger werden jetzt erstmal mächtig rumpushen, um ihre Refinanzierung so lukrativ wie möglich zu machen. Wir können uns also in den nächsten Wochen auf ein Feuerwerk von Push-Nachrichten einstellen und ich wünsche ihnen gutes Gelingen. Dann komm ich endlich einigermaßen glimpflich da raus.
Gruß BarCode
Weiss jemand wann oder ob die Unternehmen, dessen Aktien man als Dividende erhält an die Börse gehen?? Er hat 350 Recovery Check, oder sowas ähnliches im Depot stehen, die aber noch nicht gelistet sind?
Man hat in den letzten Monaten auch gar nix mehr von ATC gehört, wahrscheinlich gibs den Laden nur noch auf dem Papier.
Kurszuwachs verholfen. Hoffe das der Korea-Deal auch
noch gedeckelt wird, dann gibs es nur eine Richtung :-)
HUNTINGTON BEACH, Calif.
Providential Holdings, Inc.
Henry Fahman, 714-843-5450 x 5455
info@phiglobal.com
or
OTC Financial Network
Rick McCaffrey, 781-444-6100 x625 (Investor Relations)
rick@otcfn.com
Providential Holdings, Inc. (OTCBB:PRVH) , a provider of international advisory services specializing in mergers and acquisitions, announced today its operating results for the second fiscal quarter ending December 31, 2004.
Total revenues were $712,604 and $2,389,049 for the three months ended December 31, 2004, and 2003, respectively. Revenues for the second quarter of fiscal 2005 consist of $646,423 in advisory and consulting fees, $22,663 in sales and $43,518 in tuition compared to $2,373,292 in sales and $15,757 in tuition for the comparable period in the prior fiscal year. Gross profit for the second quarter ended December 31, 2004 was $661,035 compared to $260,891 for the same period last year.
The main decrease in sales is due to the discontinuation of PHI Digital in fiscal year 2004. In addition, the Company's subsidiary ATC Technology has experienced a decline in sales as it refocuses its business structure. The increase in tuition is the result of a full three months of revenue in the current period versus one month in the prior period. The College was acquired in December 2003.
Total general and administrative expenses were $5,126,204 and $4,316,784 for the three months ended December 31, 2004 and 2003, respectively. The increase is primarily due to the impairment of assets in the amount of $4,708,159. Interest expense was $313,026 and $103,256 for the three months ended December 31, 2004 and 2003, respectively.
Net loss for the three months ended December 31, 2004 was $4,790,076, compared to a net loss of $3,961,534 for the same period in 2003, which is equivalent to a net loss per share of $0.04 and $0.04, respectively, based on the weighted average number of basic and diluted shares outstanding of 135,974,402 and 89,323,367, respectively. The net loss is primarily attributed to conservative accounting treatments resulting in impaired assets of $4,708,159 and a one-time reduction of 50% applied to the advisory and consulting fees during the most recent quarter. Without the impairment and the one-time haircut, the Company would have recorded $1,307,458 in gross profit and $564,506 in net profit for the second quarter of fiscal 2005.
Henry Fahman, chief executive officer of Providential Holdings, stated, "We consider it prudent to take a conservative stance now, which may turn out to be a pleasant surprise down the road when the related assets are re-evaluated. Fundamentally, the growth opportunity of the Company is very strong. Our advisory services continue to generate consistent revenues for the Company. In the current period, we have gained two new clients for consulting services and have very healthy deal flows moving forward."
Fahman continued, "Providential Holdings has built a strong operational platform, which will provide the Company with a solid base on which to continue our prudent merger and acquisition activities. We believe the transactions we have been working on recently will help us increase shareholder value in the near future."
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, 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. 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.
Copyright © 2005 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
News Copyright © 2005 Interest!ALERT All rights reserved.
Sollte eigentlich mal ein Deal funktionieren, ansonsten
macht auch das erste $10 Million Financing keinen Sinn.
Feb 24, 2005 (financialwire.net via COMTEX) -- February 24, 2005
(FinancialWire) Providential Holdings, Inc. (OTCBB: PRVH) said it has entered
into an agreement to receive financing for up to $10 million from Southridge
Capital Management LLC. and the funds it advises.
Southridge Capital Management has advised funds since 1996, providing an excess
of $1 billion in growth capital to emerging companies.
Henry Fahman, CEO of Providential Holdings, stated, " We are pleased to have
partnered with Southridge Capital to receive this financing. Southridge is
committed to funding companies with robust business models domestically and
abroad. We plan to leverage our expertise in Asia and we view this facility as a
valuable tool in meeting our objectives."
Stephen Hicks, Founding Principal at Southridge Capital Management, stated, " We
are excited about our relationship with Providential Holdings. The Company
provides advisory services to companies that are located and operate in the
Pacific Rim, and have historic success in mergers and acquisitions. We look to
be a steady source of growth capital for a wide variety of needs including
working capital, acquisitions and other requirements."
Providential Holdings is enrolled in Investrend Research's unique and pioneering
professional analyst program, which facilitates independent analysts to provide
financial coverage for shareholders and investors in companies that otherwise
would have little or no analyst following. Enrollment in standards-based
research is an important measure of a company's commitment to transparency and
Good Governance.
On March 1, 2004, Investrend Research analyst Mohammad Sharifzadeh, MBA, CFA,
rated the company a " Speculative Buy / 4," saying the company had
" managed to establish a diversified holding of businesses with qualified
management."
The Investrend Research program is the largest in the world and includes a
number of safeguards to reduce or eliminate conflict. These systems, including
media coverage and endorsements, may be accessed at
http://www.investrendresearch.com
Investrend Research subscribes to the " Standards for Independent Research
Providers" at http://www.firstresearchconsortium.com, and adheres to the
Guidelines for independent providers jointly endorsed by the National Investor
Relations Institute (http://www.niri.org) and the CFA Institute
(http://www.aimr.org)
The Dow Jones Newswires has stated that independent research has been growing in
credibility over the past 18 months, specifically citing Investrend Research,
and the New York Times has reported a survey by Charles Schwab & Co. reveals an
astonishing 78 percent of active stockholders now " value research from
independent firms over analysis by Wall Street firms with financial ties to the
companies they are rating." A survey at Investopedia reveals that 74.7% of
investors say that " legitimate fee-based research is objective and useful," and
70.9% say that a company that enrolls for " legitimate fee-based research is
making a positive statement about its investment potential."
Enrollment fees for Institutional coverage were $23,400, and the fees were paid
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HUNTINGTON BEACH, Calif.
Providential Holdings, Inc.
Henry Fahman, 714-843-5450 x 5455
info@phiglobal.com
or
OTC Financial Network
Rick McCaffrey, 781-444-6100 x625 (Investor Relations)
rick@otcfn.com
Providential Holdings, Inc. (OTCBB:PRVH) , a provider of international advisory services specializing in mergers and acquisitions, announced today its operating results for the second fiscal quarter ending December 31, 2004.
Total revenues were $712,604 and $2,389,049 for the three months ended December 31, 2004, and 2003, respectively. Revenues for the second quarter of fiscal 2005 consist of $646,423 in advisory and consulting fees, $22,663 in sales and $43,518 in tuition compared to $2,373,292 in sales and $15,757 in tuition for the comparable period in the prior fiscal year. Gross profit for the second quarter ended December 31, 2004 was $661,035 compared to $260,891 for the same period last year.
The main decrease in sales is due to the discontinuation of PHI Digital in fiscal year 2004. In addition, the Company's subsidiary ATC Technology has experienced a decline in sales as it refocuses its business structure. The increase in tuition is the result of a full three months of revenue in the current period versus one month in the prior period. The College was acquired in December 2003.
Total general and administrative expenses were $5,126,204 and $4,316,784 for the three months ended December 31, 2004 and 2003, respectively. The increase is primarily due to the impairment of assets in the amount of $4,708,159. Interest expense was $313,026 and $103,256 for the three months ended December 31, 2004 and 2003, respectively.
Net loss for the three months ended December 31, 2004 was $4,790,076, compared to a net loss of $3,961,534 for the same period in 2003, which is equivalent to a net loss per share of $0.04 and $0.04, respectively, based on the weighted average number of basic and diluted shares outstanding of 135,974,402 and 89,323,367, respectively. The net loss is primarily attributed to conservative accounting treatments resulting in impaired assets of $4,708,159 and a one-time reduction of 50% applied to the advisory and consulting fees during the most recent quarter. Without the impairment and the one-time haircut, the Company would have recorded $1,307,458 in gross profit and $564,506 in net profit for the second quarter of fiscal 2005.
Henry Fahman, chief executive officer of Providential Holdings, stated, "We consider it prudent to take a conservative stance now, which may turn out to be a pleasant surprise down the road when the related assets are re-evaluated. Fundamentally, the growth opportunity of the Company is very strong. Our advisory services continue to generate consistent revenues for the Company. In the current period, we have gained two new clients for consulting services and have very healthy deal flows moving forward."
Fahman continued, "Providential Holdings has built a strong operational platform, which will provide the Company with a solid base on which to continue our prudent merger and acquisition activities. We believe the transactions we have been working on recently will help us increase shareholder value in the near future."
Diese News geben auch die Antwort darauf warum ATC, nich an die Börse gebracht wird.
Und zwar haben sie kaum noch operatives Geschäft, es geht gegen Null, der Laden is also nix wert und soll neu ausgerichtet werden.
Wer PRVH kennengelernt hat, weiß das es wohl nix wird.
Klar wars ma nett den einen oder anderen Run mitgemacht zu haben, trotzdem kann man eigentlich nur davor warnen, mit großen Summen hier reinzugehen, für nen kleinen Zock is PRVH immer mal gut, aber die alten Hoffnungen das PRVH mal der Reisser schlechthin wird, kann man begraben.
Der nächste Funken / News wird den Wert wieder anziehen lassen.
Schönes Wochenende !!!
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