PRVH - Gewinner - Tread - 2005
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Wertpapier: PROVIDENTIAL HOLDINGS I |
Providential Holdings Subsidiary Touchlink Communications to Acquire Majority Interest in Telecom Carrier
FRIDAY, JUNE 17, 2005 2:30 AM
LOS ANGELES, Jun 17, 2005 (BUSINESS WIRE) -- Providential Holdings, Inc. (PRVH) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced today that its majority-owned subsidiary Touchlink Communications, Inc. has entered into a letter of intent to acquire a 51% equity interest in Eye Telecom, Inc., a Virginia corporation and FCC-licensed carrier.
This transaction is expected to be consummated by July 31, 2005, subject to the signing of a definitive agreement and the approval of the board of directors of both companies.
With switch facilities in New York, Los Angeles, London and Italy, Eye Telecom has direct routes to 17 countries including the Middle East, Latin America, Africa and the Far East, and offers Wholesale Carrier Services, Switch Partition (Virtual Switch), VoIP, Private Label Prepaid Calling Cards and Prepaid Mobile Service.
Eye Telecom utilizes the latest technologies and a Tier-One carriers' service quality to better serve the present with an EYE on the future, and prides itself in providing the communication industry with the highest standards in services, products and exceptional customer service.
Henry Fahman, Chairman and CEO of Providential Holdings, stated: "We are very pleased to partner with a team of excellent professionals at Eye Telecom and strongly believe that this investment will greatly benefit shareholders of both companies in the very near future."
For more information on Eye Telecom, visit: www.eyetelecom.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, 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.
SOURCE: Providential Holdings, Inc.
Providential Holdings, Inc.
Henry Fahman, 714-843-5450 ext. 5455
info@phiglobal.com
Volumen Taxe
- 0,035
Kauf Orders
Stücke Limit
575.000 0,035 ????????????
269.000 0,001
- -
- -
- -
Weitere: 0
Best Ask
Taxe Volumen
0,042 -
Verkauf Orders
Limit Stücke
0,048 20.000
0,2 1.501
1 133.000
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Wertpapier: PROVIDENTIAL HOLDINGS I |
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Wertpapier: PROVIDENTIAL HOLDINGS I |
Providential Holdings Will Receive Investrend Benchmark Research Coverage
NEW YORK, Jun 27, 2005 (BUSINESS WIRE) -- (Investrend Research Syndicate) Providential Holdings (PRVH) will receive Benchmark research coverage as a result of its reenrollment in the Investrend Research platform.
Providential Holdings will be covered by Mohammad Sharifzadeh, MBA, CFA.
Mr. Sharifzadeh is a CFA charter holder and is a member of AIMR, LASFA. OCSIM and GARP. He also holds the Certified Financial Risk Managers (FRM) designation awarded by GARP. He holds an MBA (M. Phil.) degree from the University of Oxford England with emphasis in finance and econometrics and an honors B.Sc. degree in mathematics, statistics and economics. Mr. Sharifzadeh has over 15 years of experience in the field of investment management and research and as side activity teaches courses in finance and quantitative methods at the University of Phoenix Southern California campus.
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.
On May 17, 2005, for example, the company announced it has signed an agreement with Nexis Capital Management Corporation, Ltd., to assist Global Picture Science-Tech Co., Ltd., of Beijing, China, in its capitalization and growth strategy. This transaction is expected to bring additional revenues for the Company in form of consulting income.
For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.com.
An InvestorPower(TM) page has been created regarding the company at http://www.investrend.com/company/list.asp?sPathParam=yes.
Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 70 AIMR-qualified professional analysts posting more than 650 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Benchmark program $21,800. These enrollment fees are being paid by the company. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.
Investrend Research subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com .
Anyone interested in receiving alerts regarding Providential Holding research or webcasts should e-mail contact@investrend.com with "PRVH" in the subject line, or click on http://www.investrend.com/contact.asp.
SOURCE: Providential Holdings
Providential Holdings
Henry Fahman, 714-849-1577
http://www.phiglobal.com
or
Investrend Communications, Inc.
Investrend Research Div.
R. Hempel, 718-896-5060
info@investrend.com
http://www.investrendresearch.com
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Wertpapier: PROVIDENTIAL HOLDINGS I |
Lexor Holdings Acquires Denim Jean Manufacturer to Focus on New Opportunities
Lexor Holdings, Inc. (OTCBB:LXRH)(BCN:727489) has acquired Jeantex, Inc., a California corporation, to focus on new opportunities in the Textile - Apparel Clothing industry.
According to the terms of the purchase agreement, which was closed on June 29, 2005, Lexor Holdings has acquired 100% of the issued and outstanding shares of Jeantex and will issue 56,350,000 new restricted shares in connection with this transaction, all of which are subject to the Rule 144 holding period and the filing of a Registration Statement. Lexor will not effect a reverse split of its already issued and outstanding shares.
Press Release Source: Providential Holdings, Inc.
Providential Holdings Assisted Lexor Holdings in Merger with Denim Jean Manufacturer
Tuesday July 5, 3:30 am ET
LOS ANGELES, CA--(MARKET WIRE)--Jul 5, 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, has assisted Lexor Holdings, Inc. (OTC BB:LXRH.OB - News) (Berlin Stock Exchange: WKN 727489) to successfully acquire Jeantex, Inc., a California corporation engaged in the design, development, manufacturing, and marketing of consumer products for the apparel markets worldwide.
According to the terms of the business combination agreement, which was closed on June 29, 2005, Lexor Holdings has acquired 100% of the issued and outstanding shares of Jeantex and will issue 56,350,000 new restricted shares in connection with this transaction, all of which are subject to the Rule 144 holding period and the filing of a Registration Statement. Lexor will not effect a reverse split of its already issued and outstanding shares.
Lexor Holdings has submitted paperwork with the State of Florida to change its corporate name to Jeantex Group, Inc. and will subsequently change its stock trading symbol to better reflect the new business focus.
Providential Holdings receives stock in Jeantex Group as compensation for its advisory services and will retain a minimum of ten percent equity in the new combined company.
Jeantex manufactures denim jeans for prominent brand names such as ABS, Blue Cult, Guess, Hurley, Limited Express, and Lucky. It also manufactures and markets new lines of uniquely designed premium jeans, T-Shirts, and accessories under the " Bone People" trademark, which are being marketed in Germany, Japan, Portugal, Scandinavia, Spain, and the U.S.
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.
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.
Contact:
Contact:
Providential Holdings, Inc.
Henry Fahman
714-843-5450, Ext. 5455
Email Contact
--------------------------------------------------
Source: Providential Holdings, Inc.
Jeantex Group Inc. (formerly Lexor Holdings (OTCBB:LXRH) (BCN:727489)), a corporation engaged in the design, development, manufacturing and marketing of consumer products for apparel markets worldwide, today announced that effective July 25, 2005, the company will be trading under a new stock ticker symbol.
In wake of the company's corporate name change from Lexor Holdings to Jeantex Group Inc., the stock will trade on the over-the-counter bulletin board under the new ticker symbol "JNTX." The company's prior symbol, "LXRH" will be suspended upon the activation of the new ticker.
The company also announced today that it has engaged Integrated Corporate Relations (ICR) to assist the company with its investor relations initiatives. ICR, with offices in New York, Los Angeles, Boston, and Westport, Conn., will serve as Jeantex's investor relations advisory firm. Comprised exclusively of seasoned Wall Street professionals -- former senior sell-side analysts, portfolio managers, investment bankers and capital markets professionals who possess invaluable experience dealing with publicly traded equities in the capital markets -- ICR has strong expertise working with consumer-branded businesses.
Henry Fahman, chairman of Jeantex Group Inc., said: "We are happy to announce our new stock ticker symbol as it is more reflective of our corporate name and vision going forward. We are also proud to have chosen ICR to assist us with our investor relations strategies. We are very impressed with ICR's breadth of experience, as well as their enthusiasm for investor relations. We are confident that this integrated relationship will be long-standing and highly successful."
About Jeantex Group Inc.
Jeantex Group Inc. (formerly Lexor Holdings Inc.), through its wholly owned subsidiary Jeantex Inc., engages in the design, development, manufacturing, and marketing of consumer products for the apparel markets worldwide. Jeantex manufactures denim jeans for prominent brand names such as ABS, Blue Cult, Guess, Hurley, Limited Express, and Lucky. The company also manufactures and markets new lines of uniquely designed high-quality jeans, T-Shirts, and accessories under the "Bone People" trademark, which are being marketed in Germany, Japan, Portugal, Scandinavia, Spain, and the U.S. Further information about Bone People(TM) can be found at www.bonepeople.org.
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.
Integrated Corporate Relations for Jeantex Group Inc.
Bill Zima, 203-682-8200
Jeantex Group, Formerly LXRH, will start trading under " JNTX" on Monday.
Jeantex's core business is private label for:
ABS
Blue Cult
Guess?
Hurley
Limited Express
Lucky
and others
Dun & Bradstreet lists their annual revenues at $13,900,000. The company is profitable and has no debt. The shell company has $250,000 in debt.
" Bone People" is their first private brand, with others soon to come. It is already being sold in Europe and will soon be sold in the US. It will retail around $200 and be sold at highend dept stores and boutiques.
Jeantex and a solid and profitable core private label business and will expand sales and earnings with private brands like Bone People.
Hired same PR firm as True Religion, Aeropostale, Levi's, Quicksilver, Zumiez, Chico's, Deckers(UGG), Sketchers, and many other apparel companies.
Jeantex gained 50% last week.
www.jeantexgroup com (Future site)
www.bonepeople org (More content coming)
Providential Holdings, Inc. (OTCBB:PRVH) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, will hold a special seminar on raising capital and going public through the US capital markets via Reverse Mergers and PIPEs (Private Investment in Public Equity) for a number of selected companies and organizations in Ha Noi.
The seminar, sponsored by the Vietnamese Chamber of Commerce and Industry, will be held at 2:00 PM, July 28, 2005 at Kim Lien Hotel, 7 Dao Duy Anh, Ha Noi, Vietnam.
This is the first time a forum regarding this subject is held for Vietnamese companies in Ha Noi, especially in wake of Vietnam's preparation to enter the WTO.
The event will help Vietnamese companies understand the essentials of going public and raising capital through the US stock markets, including listing requirements for various exchanges in the US, initial public offerings, spin-offs, mergers, reverse mergers, and PIPE financings.
Henry Fahman, chairman and chief executive officer of Providential Holdings, stated, "As Vietnam prepares herself to join the WTO, it would be a great advantage for Vietnamese companies to be able to tap into foreign capital markets in order to compete effectively in the product and service markets with other international players."
Fahman added: "Moreover, publicly-traded companies are expected to enjoy higher valuation multiples and provide greater liquidity, which makes it attractive for foreign institutional investors to participate."
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.
Providential Holdings, Inc.
Henry Fahman, 84-909699523
info@phiglobal.com
- Business Wire -