SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 15, 2002
Nevada Providential Holdings, Inc. 13-3121128 (State or other (Exact name of registrant as (I.R.S. Employer jurisdiction of specified in its charter) Identification No.) incorporation or organization) 92708
8700 Warner Avenue, Fountain Valley, California (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On March 13, 2002, we entered into a letter of intent with Nettel
Global Communication Corp., a Delaware corporation ("Nettel"), pursuant to which
we indicated our interest to acquire 51% of the issued and outstanding capital
stock of Nettel in exchange for the (i) payment by us of cash in the amount of
$2,250,000.00 and (ii) issuance by us to Nettel of shares of our common stock
with a value equal to $250,000.00, which value will be determined using a five
(5) day average closing price immediately proceeding the closing date of the transaction. Pursuant to that letter of intent, after a satisfactory due diligence review, we intend to enter into definitive agreements for that transaction and we anticipate that the closing of that transaction will occur no later than June 15, 2002.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
ITEM 5. OTHER EVENTS.
ITEM 6. RESIGNATIONS OF REGISTRANT'S OFFICERS AND DIRECTORS.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
ITEM 8. CHANGE IN FISCAL YEAR.
ITEM 9. REGULATION FD DISCLOSURE.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the undersigned, thereunto duly authorized.
Providential Holdings, Inc., a Nevada corporation
DATED: April 29, 2002 By: /s/ Henry Fahman ---------------- Henry Fahman, President and Chairman of the Board of Directors