PRVH - Gewinner - Tread - 2005
Kann ja so lange jetzt auch nicht mehr dauern.Bei 0,000001 schlage ich mal richtig zu.
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Wertpapier: PROVIDENTIAL HOLDINGS I |
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Wertpapier: PROVIDENTIAL HOLDINGS I |
Providential Holdings to Buy Back up to 20% of Its Common Stock From the Open Market
LOS ANGELES, CA, Nov 28, 2005 (MARKET WIRE via COMTEX) -- Providential Holdings, Inc. (PRVHE) (Berlin and Frankfurt Stock Exchanges:PR7 - WKN 935160) (www.phiglobal.com), a provider of international advisory services specializing in mergers and acquisitions, today announced that the Company will buy back up to 20% of its own common stock.
The Company's Board of Directors have unanimously passed a resolution to authorize the purchase of up to 20% of its own common stock from the open market in the next twelve months depending on price levels and the Company's liquidity from time to time.
Henry Fahman, Chairman and CEO of Providential Holdings, commented: "As we continue to focus on M&A activities and take advantage of new opportunities, we believe it is prudent to buy back our own shares from the open market to increase our shareholder value if market price levels and liquidity warrant such an action."
About Providential Holdings, Inc.
Providential Holdings specializes in mergers and acquisitions and invests in various industries. The Company acquires and consolidates special opportunities 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.
Haben wir gelacht.
Dann kauft mal schön denn Henry hängt mit seinem 27 Millionen Aktienanteil beim derzeitigen Kursstand ganz schön in den Miesen - an alle Armleuchter Kaufsignal!!!!
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Monday , November 28, 2005 17:00 ET
LOS ANGELES, Nov 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- Jeantex Group, Inc (OTC Bulletin Board: JNTX; Berlin Stock Exchange: A0F45Q), a corporation engaged in the design, development, manufacturing and marketing of consumer products for apparel markets worldwide, today announced that it has signed a Letter of Intent to acquire all the issued and outstanding stock of Sanatex Incorporated.
Based in Carson, California, Sanatex is engaged in the manufacturing of clothes and packaging materials, dyeing, and finishing for the apparel and fashion industries. With manufacturing facilities situated in the Private Free Zone in Kalubeia, Egypt, Sanatex enjoys exemption from tariffs on finished goods shipped to the United States. Sanatex expects revenue growth of approximately $35 million and earnings of approximately $3.5 million for the fiscal year ended December 31, 2006.
According to the Letter of Intent, Jeantex will purchase all of the issued and outstanding stock of Sanatex in exchange for newly-issued shares of Class A common stock of Jeantex. The number of shares will be equal to 51% of all the issued and outstanding shares of Class A common stock of Jeantex immediately following the closing of the transaction and Sanatex will become a wholly-owned subsidiary of Jeantex Group. The Company intends to enter into a stock purchase agreement which is subject to customary closing conditions, and is expected to close this transaction in the fourth quarter of fiscal 2005. Jeantex believes that the acquisition will be accretive to earnings in the fourth quarter of fiscal 2005.
As a combined entity, the Company will be led by Hassanein M. Hassanein, Chief Executive Officer of Sanatex. Mr. Hassanein originally founded Misr-Taiwan in 1989, a majority owned company of Sanatex, Inc. Mr. Hassanein has extensive worldwide experience in development, design, manufacturing and importing and exporting of apparel goods. He is Egypt's second largest exporter of apparel goods. He also is helping to promote the development of " Egyptian Cotton" , a certified state-run program created to produce textiles made from the finest Egyptian cotton. Mr. Hassanein maintains textile operations in Taiwan and China.
Henry Fahman, Chairman of Jeantex Group, Inc. said, " We are happy to welcome Sanatex to the Jeantex family and believe this transaction will have a strong impact on shareholder value. Sanatex has been very successful as a low cost private label manufacturer for large mass merchant and department stores such as Target, Kohl's, Sears and Wal-Mart. The Company's success stems in part from its 238,000 square-foot manufacturing facilities in Egypt, which operates as a duty-free qualified investment zone into the Untied States. We plan to increase our production for both Sanatex and Jeantex out of this facility."
Mr. Fahman continued, " Additionally, Sanatex has a strong opportunity to increase penetration within its existing distribution channels by working with Jeantex to improve their design capabilities and overall product assortment. We also plan to leverage Jeantex's existing customer relationships in the U.S., Europe, and Japan which should enhance the sales and overall profitability for Sanatex."
Hassanein M. Hassanein, Chief Executive Officer of Sanatex, Inc. stated, " We are very enthusiastic about becoming part of a public company with Jeantex and believe this transaction will position us to achieve stronger sales and profitability by providing additional services to our customers and utilizing more of our manufacturing capacity. Jeantex's design expertise and growing upscale customer base provides us with an excellent platform from which Sanatex will realize its potential while also developing synergies and opportunities across the Jeantex organization. The Jeantex and Sanatex fit will take both companies to a higher level in the marketplace."
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 US. 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.
Investor Contact:
Bill Zima
Integrated Corporate Relations
(203) 682-8200
SOURCE Jeantex Group, Inc.
Bill Zima of Integrated Corporate Relations, +1-203-682-8200, for Jeantex Group, Inc.
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Providential Holdings, Inc. (OTC BB: PRVHE) (Berlin and Frankfurt Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, today announced that it continues to make important progress in helping Vietnamese businesses to access the US public equity markets.
Following a series of seminars in four major Vietnamese cities in October 2005, Providential Holdings has signed memoranda of understanding with three Vietnamese companies, namely Haihuy Group, Saigon Technology University, and Tan Phat Co., Ltd., which seek to go public and access funding through the US equity markets. These are in addition to Intimex Import Export Corporation (www.intimexco.com) and another major Hanoi-based conglomerate that have engaged the Company to assist them with funding and recapitalization plans.
Haihuy Group specializes in the manufacturing of telecom and electric equipment. Its major products, sold all over 64 provinces in Vietnam, include corded phones, cordless phones, telephone switchboards, digital recorders, fax machines, mobile phones, cameras, camera cards, walkies talkies, fire alarm equipment, security equipment, digital satellite receivers and other related telecom equipment. "HAIHUY" label is synonymous with top quality and has earned the company many enviable awards. (www.haihuy.net)
Tan Phat Co., Ltd. is the first Vietnamese company specializing in manufacturing corrugated HDPE pipes using the latest South Korean technology. Its products have been used in numerous industrial and commercial projects, including those that are funded by the World Bank. (www.tanphathq.com.vn)
Saigon Technology University, initially established as the only technology college in Southern Vietnam in September 1997, was upgraded to university status in April 2004. The university currently has 5,000 students and offers degree programs such as informatics, mechanical engineering, electrical engineering, electronics, telecommunications, construction, and business administration. (www.saigon-uni.edu.vn)
In addition, other Vietnamese companies in Ho Chi Minh City, Hanoi, Central Vietnam, and the Mekong Delta have also enquired for similar assistance.
Henry Fahman, chairman and CEO of Providential Holdings, commented, "These companies that we work with represent viable investment opportunities for investors interested in watching emerging companies grow and harness the potential offered by the public markets." Fahman added: "As we know, Vietnam recently raised $750m with its debut government bond offering and demand was so strong for the dollar-denominated bond that investors put in orders totaling $4.5bn, six times the amount on offer. This may be a good harbinger for Vietnamese companies that seek to tap the international financial markets for additional capital to grow."
About Providential Holdings, Inc.
Providential Holdings specializes in mergers and acquisitions and invests in selective businesses with potential for high growth. The Company acquires and consolidates special opportunities 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 activities, 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.
Source: Market Wire (November 30, 2005 - 9:00 AM EST)
Adios sag ich da.
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Providential Holdings Subsidiary Providential Oil & Gas Partners with Midland-based Firm to Develop Up to 24 Gas Wells in West Texas
Wednesday December 7, 9:13 am ET
LOS ANGELES--(BUSINESS WIRE)--Dec. 7, 2005--Providential Holdings, Inc. (OTCBB:PRVHE - News; Berlin and Frankfurt Stock Exchanges:PR7 - WKN 935160) (www.phiglobal.com), a provider of international advisory services specializing in mergers and acquisitions, today announced that the Company's wholly-owned subsidiary Providential Oil & Gas, Inc. has signed an agreement with Terra-Firma, a Midland-based independent oil and gas company, to co-develop up to 24 gas wells on Hudspeth Ranch, Crockett County, Texas.
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The Hudspeth Ranch is located approximately twenty-five miles south of the town of Ozona and seventy miles north of Del Rio, Texas. The " Canyon Sandstone" formation gas wells located on this ranch is part of the large prolific Adams-Baggett Canyon Sandstone Field. The Canyon Sand is found at a depth of 4,300 feet to 4,900 feet.
The wells inside the Proven Undeveloped (PUD) acreage throughout this Hudspeth Ranch have typically experienced payout with reimbursement of the initial working interest purchase amount between eighteen months to three years. If natural gas prices continue to escalate, as long-term national trends currently indicate, then payout may occur within a shorter time span. The attractiveness of this area's gas production zones lie in their historical production lifespan for new wells of 25 to 35 years, thus allowing for a potential stable and continuous revenue stream for the Company.
Henry Fahman, Chairman and CEO of Providential Holdings, commented: " Since early this year, we have investigated a number of oil and gas opportunities in the US and abroad and are very pleased to partner with Terra-Firma to begin developing these PUD gas wells on Hudspeth Ranch, as part of our overall emphasis on the energy industry."
Joseph Glenn, President of Terra-Firma Gas & Oil, Inc., stated: " Terra-Firma is honored to be partnered with Providential Oil & Gas in this project. The Canyon Sandstone that we will be drilling in is located in the West Texas Permian Basin. This area is very large and consistently produces commercially viable gas wells. With the great demand for gas and the increasing natural gas prices, with no significant downturn in the foreseeable future, we expect this to be a very rewarding and profitable venture for all concerned. Terra-Firma looks forward to exploring other projects with Providential Oil & Gas in the future."
About Providential Holdings, Inc.
Providential Holdings specializes in mergers and acquisitions and invests in various businesses with potential for high growth. The Company acquires and consolidates special opportunities 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:
Providential Holdings, Inc.
Timothy Pham, 714-843-5456
ir@phiglobal.com
Source: Providential Holdings, Inc.