Providential Holdings Advises Motiv Sports on Merger Plan

Providential Holdings, Inc. , www.phiglobal.com, today announces that the Company, through its wholly owned subsidiary Providential Capital, Inc., has entered into an agreement to provide merger and acquisition advisory services to Motiv Sports, Inc., a California corporation www.motivsports.com)">. This transaction is expected to bring additional revenues for the Company in form of consulting income.

Providential will provide turnkey solutions to assist Motiv Sports in its business combination plan to become a fully reporting publicly traded company. In addition, the Company will arrange a minimum of $5 million funding for Motiv Sports to grow its business.

To hear the latest about Providential Holdings, be sure to listen to our interview with Traders Nation(TM) at: http://www.tradersnation.com/prvh.shtml

About Motiv Sports:

Established in 1990, Motiv Sports is an American sporting goods company that has built and earned its reputation as a marketing specialist and supplier of goods to warehouse club wholesalers, large retail chains, and specialty retailers worldwide. The Motiv family of brands and products includes the following:

Motiv -- The Motiv branded bicycle represents all categories and price points; from sidewalk to dual suspension mountain bikes and tandems, the company incorporates the latest in engineering, quality and graphic appeal. With a patented packaging method that delivers a 99% pre-built and tuned bicycle that is retailer and consumer friendly, Motiv understands the needs and challenges of the modern retail environment. The Motiv brand also offers a select line of bicycle accessories, bags and backpacks. In addition, Motiv's Tour de Tot All Terrain child strollers and Tour de Tot bicycle trailers are patented suspension designs that offer a comfortable, safe way to include small children in their cycling activities.

The Realm -- a California surf brand that delivers surfboards, wet suits, beach cruiser bicycles, apparel and accessories to core surfers and novice water enthusiasts worldwide.

Gouge -- a core music/skate brand that offers boards, bikes, men's & women's apparel and accessories to the youth of today.

Chorus -- a women's specific brand that delivers snowboards, surfboards, skateboards, wetsuits, apparel and accessories for the active girl of today.

Neptune -- a wake board brand that delivers wake boards, wake skates, bindings, safety vests, wet suits, apparel and accessories for river and lake enthusiasts.

For further information about Motiv Sports, please visit www.motivsports.com.

About Providential:

Providential Holdings www.phiglobal.com)"> and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services, cutting tools, and international markets. The Company acquires and consolidates special opportunities in selective high-growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies.

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.

Distributed by Market Wire