June 2, 2009 (FinancialWire) — Phi Group, Inc., formerly Providential Holdings, Inc. (OTCBB: PHIE) (Frankfurt: PR7.F) (WKN 935160), recently announced its new trading symbol and development regarding PHI Mining Group, Inc., a majority-owned subsidiary of the company (OTC: PHIG).

As a result of the change of the company’s name to Phi Group, Inc. and the par value of its common stock to $0.001 per share, as approved at the annual shareholder meeting on April 10, 2009, Phi Group’s common stock began trading under its new symbol on May 15, 2009. The changes did not affect the rights and privileges of the company’s shareholders, the company said.

The company’s majority-owned subsidiary PHI Mining Group has recently entered into a joint venture agreement with Phnom Penh-based Paul Cham Group Co., Ltd. to engage in mining of limestone in Cambodia. According to the agreement, PHI Mining Group will own 60% of the joint venture company, which will be operating in Cambodia.

Phi Group, Inc., formerly known as Providential Holdings, Inc., is engaged in mergers and acquisitions, real estate development, mining, and investing in special situations.

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