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Press ReleaseSource: Providential Holdings, Inc.
Providential Subsidiary ATC Technology Corp. Receives Orders from Sam's Club
Monday February 24, 7:04 am ET
ATC anticipates imminent orders from other major US and European retailers to post strong sales for fiscal 2003
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--Feb. 24, 2003-- Providential Holdings, Inc. (OTCBB:PRVH - News; www.phiglobal.com) today announced that ATC Technology Corp (www.atctech.com) had recently received purchase orders for 1,000 units of its award-winning Vidego(TM), a mobile wireless DVD player car theater system, from Trade Services Solution, S.A. de C.V., for distribution to Wal-Mart Stores' (NYSE:WMT - News) Sam's Club, Mexico (www.walmartmexico.com.mx).
Keith Wong, President and CEO of ATC Technology Corp., commented: "We are pleased to have received these orders from Trade Services Solution for Sam's Club in Mexico. This will be our entry into an important market outside of the US and it has proven that ATC's products are indeed desirable worldwide. At the MSRP (manufacturer suggested retail price) of $599.99, our portable units provide crystal-clear pictures and are hundreds of dollars less than the dealer-installed systems."
Wong added: "It's noteworthy that the response to ATC's products was overwhelming from the Hong Kong Toy Fair and Las Vegas CES Show last month. Buyers from the United States, United Kingdom, Netherlands, Italy, France, Germany, China and Poland were drawn to ATC's products. The foreign buyers represented the famous companies in their countries, such as Karstadt (Germany), Boots (UK), Jumbo (Greece), TEG (Spain), Toys R US (Australia) and FUN (Belgium). We have begun to see some concrete results from these responses and expect to receive more sizable orders in the near future."
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