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To: Veteran98 who wrote (63129)	9/13/2000 12:18:15 PM
From: Patricia Meaney	Respond to of 150070

VALH news: Value Holdings to Acquire ABS Woodworking Ltd. Business Editors MIAMI--(BUSINESS WIRE)--Sept. 13, 2000--Value Holdings, Inc. (OTCBB:VALH) today announced that it has entered into an agreement to acquire ABS Woodworking Ltd., a Toronto-based manufacturer of wooden seats and seat backs. ABS uses mostly particle and composite board in its manufacturing process. The company sells its products to a variety of office furniture manufacturers in Canada and the United States. In their most recent fiscal year ABS had sales of more than $9 million (Canadian Dollars). It is expected that ABS will work closely with Cutler Forest Products and Seabright Wood Fabricators, which were recently acquired by Value Holdings. "ABS Woodworking will nicely complement our recent acquisition of Cutler and Seabright," said Robert Ziner, President and CEO of Value Holdings, Inc. "We are pleased to be able to add another high quality company to our wood group. We expect to be able to take advantage of the compatibilities between our subsidiaries to realize increased efficiencies and increased earnings." The purchase price will be paid in cash. Value anticipates completion of the acquisition by November 30, 2000. Value Holdings, Inc. is a holding company formed to acquire businesses. The corporate goal is to build well-run independent subsidiaries which have solid market niches with compounded growth rates in terms of revenues and earnings. This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. 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. Such statements include such words as "expect" and "anticipate". --30--jar/mi* CONTACT: Gemini Integrated Financial Services Corp., Aventura, Fl. For Value Holdings, Inc. Jon Leinwand, 305/937-3062 KEYWORD: FLORIDA INTERNATIONAL CANADA INDUSTRY KEYWORD: FOREST PRODUCTS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Sep-13-2000 11:45 GMT Symbols: US;VALH Source BW Business Wire