VALH-"NEWS" (COMTEX) B: Value Holdings, Inc.'s Subsidiary Network Forest Products
B: Value Holdings, Inc.'s Subsidiary Network Forest Products Announces the
Appointment of James Higginson-Rollins As New Chief Financial Officer and Vice
President@
MIAMI, Mar 14, 2001 (Canada NewsWire via COMTEX) -- 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.
/Web site: valueholdings.com
CONTACT: For further information: Jon Leinwand of Gemini Integrated F
nancial
Service Corp., 305-937-3062, jleinwand(at)geminicorp.com; or
Charles
Southworth of Rubenstein Investor Relations, 212-843-8271,
csouthworth(at)rubensteinir.com, both for Value Holdings, In
.
News release via Canada NewsWire, Toronto 416-863-9350
Copyright (C) 2001 CNW, All rights reserved
-0-
KEYWORD: MIAMI
INDUSTRY KEYWORD: PAP
FIN
SUBJECT CODE: PER
*** end of story *** |
