| Dear
Valued Shareholders and Friends of Providential Holdings,
Thank you very much for your
interest in Providential Holdings and our subsidiaries.
As you may have noticed through
viewing our Home Page, we specialize in mergers and
acquisitions (M&A) services and invest in selective
businesses with potential for high growth.
We have designed a three-pronged
business model that can potentially yield long term
rewards with relatively diversified revenue streams,
by:
1) Acquiring
and consolidating undervalued opportunities in selective
high-growth industries to create additional value
for our shareholders and target partners by combining
expertise in both the product and capital markets.
2) Acting as an incubator for emerging companies whose
production and operational capability can be brought
up to speed relatively quickly if product acceptance
occurs.
3) Taking minority interest in client-partner companies
to align with their long-term interest and help build
enduring value for shareholders of both companies.
We have successfully assisted a number
of companies in their merger plans and helped to create
substantial value for both their shareholders and ours.
On the other hand, during the past two years we have
also missed a number of important targets in our own
acquisition activities primarily due to poor judgment,
unexpected disruptions, and untimely resources.
However, we have decided to refocus
on what we do best and continue to invest in selective
opportunies that will create enduring value for our
shareholders. Recently, we have significantly increased
our merger and acquisition activities, both advisory
and proprietary, in the US and abroad. We have also
engaged in unique opportunities, especially in the oil
and gas business through our subsidiary Providential
Oil & Gas, and in other industries, which we believe
will bring tremendous benefits for our shareholders
both in the near term and in the long term.
We know it takes time to build sustainable
value and believe Providential's future will be bright.
We are truly blessed with valuable resources, especially
people who share the commitment to build abiding greatness
through a blend of dedication, humility, resilience,
teamwork, and continual learning.
We will continue to do our best for
the benefits of all our shareholders and would greatly
appreciate your contributions to help us reach our common
goals.
Again, thank you very much and
may God bless you!
Sincerely,
Henry
Fahman
Chairman & CEO
December
2005
" Many
are the plans in a man's heart, but it is God's purpose
that prevails." (Proverbs 19:21)
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