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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (15706)	9/15/1999 11:17:00 AM
From: SouthFloridaGuy	Respond to of 108040

Couldn't get shares of BAMB...will try again.

To: Kimberly Lee who wrote (15706)	9/15/1999 11:20:00 AM
From: BudLong	Read Replies (1) \| Respond to of 108040

*****VALH EARNINGS NEWS*** Value Holdings, Inc. Posts Revenues of More Than $15.8 Million In The Third Quarter September 15, 1999--Miami--Value Holdings, Inc. (OTCBB: VALH) today announced that it had revenues of more than US$15.8 million ($23,779,538 Canadian Dollars) and net income of US$937,783 ($1,405,737 Canadian Dollars) for the third quarter ended July 31, 1999. Income before depreciation amortization and other charges was US$1,456,091 ($2,182,680 Canadian Dollars) for the quarter and US$2,459,982 ($3,687,513 Canadian Dollars) for the fiscal year-to-date. Network Forest Products Ltd., a wholly-owned subsidiary of Value Holdings based in Toronto, Canada, accounted for most of the revenues and earnings with sales of $15,780,478 ($23,686,170 Canadian Dollars) for the period. This brings year-to-date lumber sales to more than $24,000,000 ($37,000,000 Canadian Dollars). Monthly average sales increased 18% over the previous quarter. Income from the company's Cami's Seafood and Pasta Restaurants was US$82,183 for the third quarter and US$276,444 for the nine months ended July 31, 1999. “Our sales have steadily grown month by month due to our increased sales efforts and the relative strength of the housing market,” said Robert Ziner, president and CEO of Value Holdings. “We have added sales people with experience in various areas of lumber sales, which has broadened our market base. The company is continually evolving with the implementation of new technology and the pending acquisitions of new businesses we have already announced. We plan to continue our growth through expanded sales efforts and through the acquisition of other profitable companies. ” In addition to the increase in revenues, Value Holdings' assets rose to US$21,888,253 ($32,810,491 Canadian Dollars). Current liabilities were US$13,515,330 ($20,259,480 Canadian Dollars). Financial Tables Have Been Omitted From The Release to Facilitate Its Posting** This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. The use of words such as “plan” and “expect” denote forward-looking statements. Forward-looking statements involve the known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from what is anticipated. -30-