New CFO
(PR NEWSWIRE) Value Holdings, Inc.'s Subsidiary Network Forest Products Annou
Value Holdings, Inc.'s Subsidiary Network Forest Products Announces the
Appointment of James Higginson-Rollins As New Chief Financial Officer and Vice
President
MIAMI, March 14 /PRNewswire/ -- Value Holdings, Inc.
(OTC Bulletin Board: VALH), a holding company formed to acquire and
consolidate industrial distribution businesses relating to the wood and
general building materials industry, today announced that its wholly-owned
subsidiary Network Forest Products announced the appointment of James
Higginson-Rollins as new Chief Financial Officer and Vice President.
James Higginson-Rollins, 43, will join Network Forest Products as Chief
Financial Officer and Vice President. He will be responsible for overseeing
finance, accounting, and integration of the business management and computer
systems. He will also be working under Larry Maker, recently appointed as
President of Network Forest Products Limited, Value Holdings' wholly owned
wood products distribution subsidiary. Mr. Higginson-Rollins will be based in
Toronto, Canada.
Mr. Higginson-Rollins is a chartered accountant by profession, however he
has spent his working career in industry, primarily involved in supply chain
management within the wholesale distribution industry and his specialty is
working with turn-around situations. Over the last year,
Mr. Higginson-Rollins has been an independent financial consultant, working
directly with companies' top management to facilitate corporate
reorganization.
Mr. Higginson-Rollins served as Controller of Adelco Supply Company, Inc.,
where he was a member of the Executive and Policy committees and facilitated
the acquisition of the company by a large multi-national conglomerate.
Additionally, Mr. Higginson-Rollins has worked on independent development
projects in Mexico and the Caribbean, as Vice President of Finance for Maves
International Software, Senior Treasury Analyst at IBM Canada, Research
Manager for Frastacky Associates, Inc., and finally, Real Estate Analyst and
Audit Staff member for Coopers & Lybrand.
"We are more than pleased to be able to announce that James is joining our
management team. He brings a wealth of experience to the table including the
ability to work intimately with all levels of management, facilitating our
turnaround. I have worked with James in the past, he has years of experience
in the distribution business and is well known to GMAC and is comfortable
working with them through our CCAA filing. We look forward to working with
James", said Larry Maker, President Network Forest Products and President and
CEO of Value Holdings, Inc.
"James Higginson-Rollins will bring great value to Network Forest
Products. We are in the process of building a company and creating and
competing in a niche, while at the same time creating value for our
shareholders. Utilizing top quality management like James is purely part of
our plan," said Robert Ziner, Chairman of Value Holdings, Inc. "We seek the
best management professionals as we continue to create the premier
distribution company in North America."
About Value Holdings, Inc.
Value Holdings, Inc. is a holding company formed to acquire and
consolidate industrial distribution businesses relating to the wood and
general building materials industry. The corporate goal is to build well-run
independent subsidiaries that have solid market niches with compounded growth
rates in terms of revenues and earnings.
SOURCE Value Holdings, Inc.
-0- 03/14/2001
/CONTACT: Jon Leinwand of Gemini Integrated Financial Service Corp.,
305-937-3062, jleinwand@geminicorp.com; or Charles Southworth of Rubenstein
Investor Relations, 212-843-8271, csouthworth@rubensteinir.com, both for Value
Holdings, Inc./
/Web site: valueholdings.com
(VALH)
CO: Value Holdings, Inc.; Network Forest Products
ST: Florida
IN: PAP FIN
SU: PER
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