VHGI Subsidiary VHGI Gold With Its New Partner Western Sierra Together Have Entered Into Negotiations to Further Expand on Their Current Gold Portfolio
LEXINGTON, Ky., March 3 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) today announced that VHGI Gold LLC, its wholly-owned operating subsidiary along with one of its mining partners, Western Sierra Mining, together agreed to forge ahead and source additional gold projects to compliment their current portfolio. Management feels that in addition to the Treasure Gulch mine already under development there are other significant projects, available through its relationship with Western Sierra, and desire to move together not only to acquire these properties but to move them to the next level. Western has agreed to supply VHGI a list of properties that fit both companies long term objectives while utilizing the mutual strengths of each. The properties currently under consideration for joint development will consist of both gold, silver and copper and will be located in Arizona and Nevada.
According to Scott Haire, VHGI CEO, "We see Treasure Gulch as only the beginning of an opportunity to accelerate the efforts of VHGI Gold to eventually become a viable and profitable junior mining company combining assets with positive cash flow."
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.
SOURCE VirtualHealth Technologies, Inc.
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