Providential Holdings Engages Cohen Independent Research Group to Provide Independent Research Analyst Coverage
22 Enero 2009 - 7:00AM
Marketwired
Providential Holdings, Inc. (OTCBB: PRVH) (FRANKFURT: PR7) (WKN
935160), a company engaged in mergers and acquisitions, real estate
development, mining, and investing in special situations, today
announced that the Company has engaged Cohen Independent Research
Group to provide independent research analyst coverage for the
company and its subsidiaries including PHI Mining Group
(PINKSHEETS: PHIG) and Philand Corporation (www.philandranch.com).
Cohen Independent Research Group is Wall Street's # 1
fundamental independent research firm. D. Paul Cohen founded the
West Coast Regional Offices of Bear Stearns and Co., was head of
the West Coast Institutional offices of CBWL Hayden Stone American
Express and was named as one of the Dirty Dozen analysts,
considered by many to be nation's top 12 securities analysts.
Cohen's average 149-page initiate coverage reports are delivered in
a Short Report, Medium Report and Full Report. The firm has lifted
the art of fundamental securities research to a standard that Wall
Street has never seen. Cohen's web site address:
http://www.cohenresearch.com/.
D. Paul Cohen, President of Cohen Independent Research Group,
stated: "Providential has contracted with us to produce our Gold
Standard level research report which will be an analysis in excess
of 100+ pages. We will forecast the three statements, and value the
business for 5 years in three cases -- Base, Optimistic and
Pessimistic Cases -- creating target prices which we believe should
be significantly higher than today's share prices. We are most
impressed with Providential's management team and their business
plan. This is an exciting engagement for our firm."
Henry Fahman, Chairman and CEO of Providential Holdings, Inc.,
commented: "We are very excited to work with Paul Cohen and his
expert team and hope to better communicate the potential value of
Providential to our shareholders and investors through unbiased
independent research analyst coverage. Cohen regularly uses teams
of analysts to cover a given company and has provided its elite
team to our firm, which includes the equivalent of a CPA, level III
CFA and others assigned to our project."
About Providential Holdings
Providential Holdings and its subsidiaries engage in a number of
diverse business activities, the most important of which are
M&A and consulting services, real estate development, mining
and investing in special situations. The Company assists U.S. and
international companies to go public and raise capital through the
U.S. and European stock markets, develops "Pointe 91," a luxury
resort and upscale residential community in Chu Lai, central
Vietnam, through its subsidiary Philand Corporation
(www.philandranch.com), and engages in mining in Southeast Asia
through its majority-owned subsidiary PHI Mining Group, Inc.
(www.phimining.com). The Company's main web site address is
www.phiglobal.com.
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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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Contact: Henry Fahman Tel: 714-843-5455 Email: Email Contact
PHI (CE) (USOTC:PHIG)
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