SIW
well there is a PR
Wednesday May 26, 11:32 am Eastern Time
Company Press Release
Value Holdings, Inc. Enters into Letter of Intent to
Buy Ontario Lumber Distributor
MIAMI--(BUSINESS WIRE)--May 26, 1999-- Value Holdings, Inc. (OTC:VALH -
news) Wednesday announced that they have entered into a letter of intent to purchase a
lumber distribution company located in Moorefield, Ontario.
Value Holdings will buy 75% of 471372 Ontario Limited which does business as Harron Home Hardware. The remaining
shares will be exchangeable for shares of Value Holdings at a later date, pursuant to terms to be negotiated.
''The acquisition of Harron Home Hardware will allow us to more efficiently distribute forest products in the Kitchener, Ontario
area and will significantly add to our customer base,'' said Robert Ziner, President and CEO of Value Holdings, Inc. ''This
acquisition will complement Network Forest Products' current operations.'' Network Forest Products Limited, a wholly owned
subsidiary of Value Holdings, is located in Toronto and is a distributor and remanufacturer of lumber.
According to the letter of intent, the parties intend to enter into definitive agreements by June 15, 1999 and close the transaction
by July 15, 1999. Value Holdings has a period of 30 days in which to perform a due diligence review of Harron Home
Hardware.
regards
elf
edit
I also should mention that last year Ziner did close to 56M Cd in sales as a family owened co. with the new corp. mgnt. IMO they could easily exceed 70M Cd. then add any revenues that the aquisitions will bring to the books. |
