Business News

Providential Holdings Announces Successful Merger of Vietnamese Plastics Company

Thursday 21. August 2008 - Providential Holdings, Inc. (OTCBB: PRVH), which operates in merger and acquisitions consultancy, financial services, energy and resources, real estate development and invests in special opportunities, has successfully completed the reverse merger of Catthai Manufacturing and Trading Company into a publicly traded entity, Strategia Corp.

The surviving corporation has changed its name to Catthai Corporation, and will begin trading today in the Pink Sheets under its new symbol CTHI. The Nevada corporation plans to complete a U.S. GAAP audit of its financial statements by an accounting firm registered with the Public Company Accounting Oversight Board (PCAOB) with the vision of moving to the Over the Counter Bulletin Board in the near future. The company also plans to move to a senior exchange at a later date.
Catthai Corp. is one of the first Vietnamese companies to provide specialized, engineered plastics in Vietnam. The company manufactures plastic molds for Sanyo, Honda, Toshiba and the Mitsubishi Group among others. It currently operates two 7,000 square meter factories, employs 200 workers and has offices in Europe and Australia.
Catthai Corp. President Anh T. Le said, “Catthai is nationally recognized in Vietnam as the finest plastics producer in the country. Our plan is to continue to grow our business organically as well as to acquire other companies in Vietnam that have either products or services which complement ours or where we see an especially good opportunity for growth. Our entry into the U.S. capital markets will make that possible.”