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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Investor Clouseau who wrote (18186)7/22/1999 11:04:00 AM
From: 2MAR$  Respond to of 25711
 
B: Value Holdings, Inc., Harron Home Hardware Agree to Buy-Out

TORONTO, Jul 22, 1999 (BUSINESS WIRE via COMTEX) -- Value Holdings,
Inc. (OTC BB:VALH) today announced that the principals of 471372
Ontario Limited, which does business as Harron Home Hardware, have
agreed to sell 100% of the stock of the company to Value.

Definitive agreements are currently being drafted and are under review
by the parties. The principals of Harron had previously entered into a
letter of intent with Value for the purchase of only 75% of the shares.

The sale is also subject to approval from Home Hardware Stores Limited,
a Canadian hardware chain, for which Harron is a dealer.

Harron is a wholesale distributor of lumber located in Moorefield,
Ontario. Value Holdings' wholly owned subsidiary, Network Forest
Products Limited is a wholesale lumber distributor and remanufacturer
located in Toronto, Ontario.



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