LOS ANGELES and HO CHI MINH CITY, Vietnam, Oct. 1 /PRNewswire-FirstCall/ -- Providential Holdings, Inc. (OTC:PRVH) (BULLETIN BOARD: PRVH) (Frankfurt: PR7.F), a company engaged in mergers and acquisitions, energy and resources, real estate development and investing in special opportunities, today announced the new trading symbol for Vietnam United Steel Corporation. After the merger between Vietnam-based Nam Kim Joint Stock Co. ("NAKISCO") and Sanitary Environmental Monitoring Labs, Inc., formerly known as SemcoLabs, the combined company has changed its name to Vietnam United Steel Corporation and begins trading under the new symbol VUSC.PK (Pink Sheets: VUSC) effective October 1, 2008. As part of the M&A consulting service provided during the quarter ended September 30, 2008, Providential Holdings currently owns approximately 10% of 35,000,000 total issued and outstanding shares of VUSC. VUSC is in the process of completing the audits of its financial statements to upgrade to the OTCBB. The company also plans to move to a senior exchange such as NASDAQ or AMEX in the near future. NAKISCO's unaudited net revenues last year totaled approximately $24.5 million, with total assets listed at $19 million. The company expects a 42% revenue growth in 2008. About Vietnam United Steel Corporation Vietnam United Steel Corporation currently owns 99% of Nam Kim Steel Joint Stock Company which specializes in manufacturing and distributing galvanized steel and color coated steel sheets. The Company's product lines are widely applied in the field of industrial and civil construction, interior-exterior decoration and handicraft goods. http://www.nakisco.com/. About Providential Holdings, Inc. Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are real estate development in Chu Lai, Vietnam, M&A advisory services, and mining. As part of its activities in Vietnam, Providential hosts seminars in conjunction with the Nasdaq Stock Market to help Vietnamese companies raise capital through the U.S. financial markets. 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: John Nguyen, VP Phone: 714-843-5460 E-mail: DATASOURCE: Providential Holdings, Inc. CONTACT: John Nguyen, VP of Providential Holdings, Inc., +1-714-843-5460, Web site: http://www.phiglobal.com/ http://www.nakisco.com/

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