Providential Holdings Changes Annual General Meeting Date to March 13, 2009

  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's Board
of Directors has decided to change the annual general meeting for the year
2008 to 2:00 P.M., Pacific Standard Time, Friday, March 13, 2009, at the
Company's principal offices located at 17011 Beach Blvd., Huntington Beach,
CA 92647.

The Company keeps the previously announced date December 05, 2008 as the record date for the annual general meeting and will file an updated proxy statement with the Securities and Exchange Commission in the near future.

The Company has determined it needs more time to fill its Board of Directors with additional qualified independent members in order to meet the requirements for listing on the NASDAQ Stock Market in the future, to complete the listing of the Company's real estate development subsidiary Philand Corporation on the Frankfurt Stock Exchange, to finish the Company's quarterly report for the quarter ended December 31, 2008, and to update the financial audits of the Company's majority-owned subsidiary PHI Mining Group (PINKSHEETS: PHIG) with the Securities and Exchange Commission before the annual general meeting.

Henry Fahman, Chairman and CEO of Providential Holdings, Inc., commented: "We believe it is in the best interest of the Company and our shareholders to reschedule the annual general meeting in order to accomplish the above-mentioned items before this very important corporate event."

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.

Contact: Henry Fahman Tel: [phone] Email: Email Contact