VirtualHealth Technologies Announces Search for CEO to Operate VHGI Gold Subsidiary and Continues Toward Closure of Sale of Secure eHealth, LLC to Wound Management Technologies

Jan 26, 2010, 08:44 ET from Virtual Health Technologies, Inc.

LEXINGTON, Ky., Jan. 26 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) announced today that they have officially started to review potential candidates for CEO of its subsidiary VHGI Gold. Additionally, the company is working to complete  the documents for the sale of secure data and messaging provider, Secure eHealth, LLC, along with certain other technology assets to Wound Management Technologies, Inc. (OTC Bulletin Board: WNDM), as previously announced in the January 11 press release.  "As we continue to work on the Treasure Gulch mine, we want to bring in a CEO that will have the vision and expertise to allow us to be successful. Completion of the sale of Secure eHealth now clears the way for us to begin focusing on the mining operations at Treasure Gulch and provides us with the capital to begin production," stated Jim Renfro, the company's President.

"We realize that we have a lot of work to do and part of it is having the right team to grow our revenues," Mr. Renfro continued.  "We still have to go through lab production from testing related the Treasure Gulch mine, and our goal will be to set up the initial gold production through a trailer mounted unit.  Our ultimate goal is to be in production and we believe this process will be enhanced by having a quality CEO."

For VHGI Shareholder Information please call 859-514-6982.

About VHGI and VHGI Gold

VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and 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. Investors are invited to obtain information concerning our operations at http://www.virtualhealthtechnologies.com or http://www.vhgigold.com or by calling shareholder relations at 859-514-6982.

"Safe Harbor" Statement:

VirtualHealth Technologies, Inc. and VHGI Gold, LLC cautions investors that none of the information

concerning the valuations of mineral deposits or other data reported above has been verified by outside geologists or other verifiable sources beyond representations made to VHGI which ultimately came from the owner of the subject property and their associates. The United States SEC permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filings with the SEC.

Under The Private Securities Litigation Reform Act of 1995:

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 are "forward‐looking statements," within the meaning of 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 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 and uncertainties detailed in the Company's SEC filings. 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:  859-514-6982

SOURCE Virtual Health Technologies, Inc.



RELATED LINKS

http://www.virtualhealthtechnologies.com