rjm, I thought you said Ziner would never give up those Special 'B' shares????????
IOMH
(PR NEWSWIRE) Value Holdings, Inc. Chairman Cancels 'Share Exchange' Compensa
Value Holdings, Inc. Chairman Cancels 'Share Exchange' Compensation Agreement
MIAMI, April 11 /PRNewswire/ -- Value Holdings, Inc.
(OTC Bulletin Board: VALH), a holding company formed to acquire and
consolidate industrial distribution businesses relating to the lumber and
general building materials industry, today announced that Chairman Robert
Ziner has canceled a compensation agreement allowing him to exchange his
shares in Value's wholly owned subsidiary, "Network Forest Products," for more
than 341 million common shares of Value Holdings, Inc.
"Clearly many shareholders have viewed the agreement as potentially
dilutive and consequently there has been an opinion that the agreement has
created a negative weight on the market for the company's shares. In
canceling this compensation agreement, I am pleased to do my part and show my
continued confidence in the strength of Value Holdings," said Mr. Ziner.
Pursuant to the Exchange Agreement Mr. Ziner had the right to convert his
3.4 million "special 'B' shares" of Network Forest Products into more than
341 million common shares of Value Holdings, Inc.
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- 04/11/2001
/CONTACT: Jon Leinwand of Gemini Integrated Financial Service Corp.,
305-937-3062, jleinwand@geminicorp.com, for Value Holdings, Inc.; or Charles
Southworth of Rubenstein Investor Relations, 212-843-8271
csouthworth@rubensteinir.com, for Value Holdings, Inc./
/Web site: valueholdings.com
(VALH)
CO: Value Holdings, Inc.
ST: Canada, Florida, New York
IN: FIN PAP OTC
SU: CON
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