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Microcap & Penny Stocks : Value Holdings (VALH) -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (920)	11/14/2000 3:15:41 PM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 1152

Value Holdings Terminates MGI Acquisition MIAMI--(BUSINESS WIRE)--Nov. 14, 2000--Value Holdings, Inc. (OTCBB:VALH) today announced that it is not proceeding with its acquisition of MGI Packers Inc. due to material changes in the affairs of MGI. "We do not expect that this will affect any of our future plans," said Robert Ziner, President and CEO of Value Holdings, Inc. "It is important for Value Holdings to maintain its fiscal discipline and only move forward with an acquisition when it is fiscally prudent to do so." Value Holdings is still moving forward with its planned acquisition of ABS Woodworking. Value Holdings will be holding its annual meeting of shareholders on November 27, 2000 in Surfside, Florida. 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." CONTACT: Gemini Integrated Financial Services Corp., Aventura, Fla. Jon Leinwand, 305/937-3062