March 4, 2010 - VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) today announced that VHGI Energy LLC, its wholly-owned operating subsidiary has entered into a Letter of Intent with Gulf Coast Exploitation LLC. " VHGI energy through its due diligence has decided to move forward in the Oil and Gas sector where there is significant growth opportunities." stated Jim Renfro the company President. "This is our first opportunity to move VHGI Energy forward into a situation that can produce revenues quickly. We are also now executing our business plan as enter into an LOI with Gulf Coast Exploitation. " Renfro continued.
Over the next 30 days additional details will be forth coming on various projects that are expected to provide additional revenues to VHGI. The company is currently focused on developing assets that are in existing production and generating revenues. The company feels that it can rapidly expand those revenues and will enhance VHGI's growth strategy overall.
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.vhgigold.com or by calling shareholder relations at 561-515-6035.
"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.
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