HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--June 16, 2006--Providential Holdings Inc. (OTCBB:PRVH - News; Berlin Stock Exchange and Frankfurt Stock Exchange:PR7 - WKN 935160) (www.phiglobal.com) today announced that Western Medical, Inc., an Arizona corporation engaged in the business of selling durable medical equipment and providing related services, with headquarters in Phoenix and locations in Prescott and Tucson, Ariz., has filed a Chapter 11 Petition pursuant to the terms of the asset purchase agreement previously executed by both companies.
