VHGI Holdings, Inc. Announces the Appointment of a Chief Executive Officer for Its Medical Office Software Subsidiary and the Creation of a PEO Division
FORT WORTH, Texas, June 23, 2011 /PRNewswire/ -- VHGI Holdings, Inc. (OTCQB: VHGI) announced today that Mr. Johnny Simmons has been appointed the new CEO of their Medical Office Software subsidiary (MOS).
Mr. Simmons, recognized for more than thirty (30) years as one of the nation's premier Sales and Marketing professionals, has been a major contributor to the success of leading Insurance and Professional Employer Organizations (PEO). His extensive business experience, coupled with a unique understanding of the benefits and advantages of staffing/outsourcing, provide a cohesive bond between MOS and its clients.
In his new role, Mr. Simmons will be responsible for overseeing the company's finances, management, business development, operations, customer growth and general business expansion of the company.
"I very much look forward to the opportunity to be an integral part of this outstanding organization. Medical Office Software has a storied 27 year history of excellence and a customer five-star rating. Because of the unparalleled relationship between MOS and its client companies, the opportunity to build shareholder value - with additional value-added services - will be my top priority beginning...DAY ONE," stated Mr. Simmons.
Doug Martin, VHGI Holdings CEO was quoted, "Having someone with Johnny's experience in being able to fast-track the development of new business from within a company's existing base of clients is precisely what MOS needs at this moment. There is a great deal of momentum behind our recent partnership which we announced last month to provide web-based PMS/EHR solutions that carries with it a tremendous opportunity."
MOS, a wholly owned subsidiary of VHGI Holdings was founded in 1984 and possesses a long history of providing state of the art solutions to medical practices throughout the country. Their flagship practice management solution has been installed in over 1500 offices nationwide and now with their recent announcement of a fully integrated, web-based practice management and electronic health record application MOS will continue its legacy in providing best in class solutions and service for its customers.
About VHGI Holdings, Inc.
VHGI Holdings, Inc. ( OTCQB: VHGI) is a diversified company with assets and interests focusing on opportunities within Precious Metal Mining, Energy Resource (Oil and Natural Gas exploration) and Healthcare Technology markets. VHGI Holdings is actively pursuing new opportunities within these industries to maximize shareholder return. It is our goal to increase our revenue streams without adding significantly to our fixed costs through corporate involvement with different performance based sectors of the economy through VHGI Gold LLC, VHGI Energy LLC and Medical Office Software, Inc.
VHGI has recently initiated steps to leverage the company's unique position and corporate resources within the mining, energy development and medical technologies industries and intends to pursue these opportunities through Lease-Purchase, Acquisition, Joint Ventures and other structures.
"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.
SOURCE VHGI Holdings, Inc.
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