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To: LANCE B who wrote (37146)	3/16/2000 8:53:00 AM
From: SSP	Read Replies (4) \| Respond to of 150070

Value Holdings Enters Into Letter of Intent to Purchase Eldorado Plywood Specialties Inc. Business Editors MIAMI--(BUSINESS WIRE)--March 16, 2000--Value Holdings, Inc. (OTCBB:VALH) today announced that it has entered into a non-binding letter of intent to purchase Eldorado Plywood Specialties Inc. Eldorado, located in Kitchner, Ontario is a distributor and manufacturer of plywood, panel board and other engineered wood products. Their primary market is the sale of plywood and composite board to various manufacturers, retailers and other industries. "The acquisition of Eldorado Plywood will complement our acquisition of Cutler Forest Products and Seabright Wood Fabricators," Value Holdings President and CEO Robert Ziner said. "This company will expand the scope of our distribution of these products to parts of Ontario not served by Cutler and Seabright." David Gould, president of Eldorado will stay on with the company and remain as president of Eldorado after the acquisition. Value expects to enter into definitive agreements with Eldorado by the end of April 2000. Consideration for the purchase will be a combination of cash and shares. --30--jd/mi* CONTACT: For Value Holdings, Inc. Gemini Integrated Financial Services Corp., Hollywood, Fla. Jon Leinwand, 954/924-1567