LOS ANGELES & HANOI, Vietnam - (Business Wire) Providential Holdings, Inc. (OTCBB:PRVH), a company providing advisory, merger and acquisition services as well as independently investing in Vietnamese economic opportunities, announced today the completion of the Pointe91 site plan. This beachfront project marks the beginning of Providential
’s large-scale real estate and hospitality development program south of Hoi An, Quang Nam Province.
The site plan for the 118-acre development features luxury private residences, a beachfront resort and spa, a marina, a market place for local artisans and extensive landscaping and grounds. The architectural style of Pointe91 unites contemporary décor with timeless French Colonial design elements reflecting the cultural heritage of the world famous Hoi An area. An image of the site plan is included with this release. Preliminary sketches can be viewed at www.hawkassociates.com/clients/additional/index.cfm?client_id=13.
Pointe91 Project Director Daniel St. John, said, “Pointe91 is the first major real estate development in Vietnam to introduce an architectural design that unifies an outdoor and indoor lifestyle, an emerging trend in the U.S. and elsewhere. We are confident in the success of the project based on our knowledge and research of the region and the excitement that the project has generated so far. This comes at a time of rapidly increasing demand for second and in some cases third home ownership by wealthy Asians. Pointe91 is ideally suited for this market. A similar project only a short distance away is already more than 50% sold out before the first shovel of dirt has been turned.”
VP of Business Development John Nguyen said, “Although there has been substantial resort and hotel investment in Central Vietnam recently, there have been no developments that create a real community, as Pointe91 does. We believe this type of development will become a standard for future real estate investments in Southeast Asia. We have solid support from the Vietnamese government and from several investors that are excited about the project. We expect to announce more on this shortly. We are expecting this project to provide a substantially attractive return to both the project’s investors and to Providential’s shareholders.”
About Pointe91
Pointe91 is slated to be a seaside residential and resort community located in untouched South Central Vietnam. Pointe91 will offer luxury residences, a marina community, a beachfront hotel and spa, and other amenities. CBRE Vietnam has been engaged to market the residences. Please visit http://www.philandcorp.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 and investing in the rapidly growing economies of Vietnam and Asia. For more information on Providential Holdings, visit http://www.phiglobal.com. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and a leading U.S. investment banking firm, to help Vietnamese companies go public and raise capital through the U.S. financial markets.
A profile for investors can be accessed at http://www.hawkassociates.com/profile/prvh.cfm.
For investor relations questions regarding Providential, contact Frank Hawkins or Antonella Montagna, Hawk Associates, at 305-451-1888, e-mail: Providential.Holdings@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com. To sign up for free e-mail notification of future releases, visit http://www.hawkassociates.com/about/alert.
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.
For Providential Holdings, Inc.
Investor Relations Contact:
Hawk Associates, Inc.
Antonella Montagna and Frank Hawkins, 305-451-1888
Providential.Holdings@hawkassociates.com
