VHGI Announces Appointment of New CEO
FT. WORTH, Texas, April 6, 2011 /PRNewswire/ -- VHGI Holdings, Inc. (OTCQB: VHGI) announces today that it has appointed Douglas Martin to the position of CEO.
At a Board Meeting held on April 4, 2011, Mr. Scott Haire resigned as CEO of VHGI Holdings, Inc., and the Board of Directors of VHGI elected Douglas Martin as CEO. "After an extensive search of qualified candidates we are happy to bring Doug on board. Mr. Martin has cultivated business and financial expertise in the Gold and Commodities Industries as well as in the Microcap arena for more than 25 years and brings with him an extensive network of contacts in the financial communities in North America, Asia and Europe," stated Mr. Haire. Mr. Haire continued, "With the addition of Mr. Martin, I believe we have added an integral piece to our team so that we can execute the go forward plan for both of our operating companies, VHGI Energy, Inc. and VHGI Gold, Inc. Both companies have several projects that are being worked on and this will allow both projects to be taken in a direction that will allow for faster growth."
Mr. Doug Martin added, "I am enthusiastic about the opportunity to streamline VHGI and to put a plan in place to maximize shareholder value going forward." One of the first steps undertaken by Mr. Martin was to take the VHGI and VHGI Gold websites down to upgrade and edit the content to ensure accuracy and consistency. It is expected that these sites will be re-launched on or before April 15th, 2011.
About VHGI and VHGI Gold
VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry. VHGI Gold has a focus on the Precious Metals Markets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Gold Mining Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. VHGI Energy is a wholly-owned subsidiary of VHGI, focusing on the energy industry. VHGI Energy does not currently have any operating assets, but is reviewing a number of potential acquisition opportunities.
"Safe Harbor" Statement: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks, contingencies and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, the ability to consummate and integrate acquisitions, and other risks, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
For Further Information:
Shareholder Relations - Communications (817) 820-7020
SOURCE VHGI Holdings, Inc.
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