Value Holdings, Inc. Chairman Cancels 'Share Exchange' Compensation Agreement

Apr 11, 2001, 01:00 ET from Value Holdings, Inc.

    MIAMI, April 11 /PRNewswire/ -- Value Holdings, Inc.
 (OTC Bulletin Board:   VALH), a holding company formed to acquire and
 consolidate industrial distribution businesses relating to the lumber and
 general building materials industry, today announced that Chairman Robert
 Ziner has canceled a compensation agreement allowing him to exchange his
 shares in Value's wholly owned subsidiary, "Network Forest Products," for more
 than 341 million common shares of Value Holdings, Inc.
     "Clearly many shareholders have viewed the agreement as potentially
 dilutive and consequently there has been an opinion that the agreement has
 created a negative weight on the market for the company's shares.  In
 canceling this compensation agreement, I am pleased to do my part and show my
 continued confidence in the strength of Value Holdings," said Mr. Ziner.
     Pursuant to the Exchange Agreement Mr. Ziner had the right to convert his
 3.4 million "special 'B' shares" of Network Forest Products into more than
 341 million common shares of Value Holdings, Inc.
 
     About Value Holdings, Inc.
     Value Holdings, Inc. is a holding company formed to acquire and
 consolidate industrial distribution businesses relating to the wood and
 general building materials industry.  The corporate goal is to build well-run
 independent subsidiaries that have solid market niches with compounded growth
 rates in terms of revenues and earnings.
 
 

SOURCE Value Holdings, Inc.
    MIAMI, April 11 /PRNewswire/ -- Value Holdings, Inc.
 (OTC Bulletin Board:   VALH), a holding company formed to acquire and
 consolidate industrial distribution businesses relating to the lumber and
 general building materials industry, today announced that Chairman Robert
 Ziner has canceled a compensation agreement allowing him to exchange his
 shares in Value's wholly owned subsidiary, "Network Forest Products," for more
 than 341 million common shares of Value Holdings, Inc.
     "Clearly many shareholders have viewed the agreement as potentially
 dilutive and consequently there has been an opinion that the agreement has
 created a negative weight on the market for the company's shares.  In
 canceling this compensation agreement, I am pleased to do my part and show my
 continued confidence in the strength of Value Holdings," said Mr. Ziner.
     Pursuant to the Exchange Agreement Mr. Ziner had the right to convert his
 3.4 million "special 'B' shares" of Network Forest Products into more than
 341 million common shares of Value Holdings, Inc.
 
     About Value Holdings, Inc.
     Value Holdings, Inc. is a holding company formed to acquire and
 consolidate industrial distribution businesses relating to the wood and
 general building materials industry.  The corporate goal is to build well-run
 independent subsidiaries that have solid market niches with compounded growth
 rates in terms of revenues and earnings.
 
 SOURCE  Value Holdings, Inc.