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Tuesday, 07/08/2003 6:05:37 AM

Tuesday, July 08, 2003 6:05:37 AM

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PRVH - Providential Holdings' CEO Henry D. Fahman Awarded Businessman of the Year and Named to the 2003 Republican Chairman's Honor Roll
WASHINGTON--(BUSINESS WIRE)--July 8, 2003--National Republican Congressional Committee Chairman Tom Reynolds announced today that Mr. Henry D. Fahman, Chairman and CEO of Providential Holdings, Inc. (OTCBB:PRVH)(Berlin Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) has been awarded the prestigious 2003 Businessman of the Year Award and named to the 2003 Republican Chairman's Honor Roll.
Commenting on the Businessman of the Year Award, Congressman Tom Reynolds, Chairman of the National Republican Congressional Committee, stated: "In recognition of the top Business Leaders in the United States, we confer this honor for integrating successful business practices with the unfailing support of Republican ideals such as tax relief and reduction of the federal deficit."
Congressman Tom Reynolds added: "Mr. Fahman serves as a co-chairman of the committee's Business Advisory Council and is being recognized for service and support in keeping the White House and Congress in Republican control. As a member of the Honor Roll, Mr. Fahman qualifies to receive the Committee's highest honor, the prestigious Republican Gold Medal to be presented at a special awards ceremony in the nation's capital. Honorees will be announced later this year."
Henry Fahman commented: "I am glad to have joined the Party's efforts to involve top business people in the process of government reform and will also continue to draw the attention of Congress, the NASD and the U.S. Securities and Exchange Commission to the rampant abuse of illegal short-selling on the OTC Bulletin Board market, in order to put an end to this unsavory practice, to restore the confidence for small investors, and to support hard-working entrepreneurs who desire to build successful companies and contribute to the common well-being of the American society."



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