VirtualHealth Technologies, Inc. Formalizes Name Change to VHGI Holdings, Inc. to Better Reflect its Current Business Model Related to Energy and Gold

LEXINGTON, Ky., March 24 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) CEO Scott Haire, today announced that the Board of Directors has approved a Company name change to VHGI Holdings, Inc. and completed and filed the documents necessary to effect the change.

"We believe this name change was necessary to reflect our most recent announcements regarding our company's commitment to exploit the opportunities in the growing precious metal, oil, and natural gas markets.  This refocusing of our business model will allow the company to now focus on immediate revenue and growth opportunities which the company previously announced in order to build shareholder value long term," stated Jim Renfro, the company's President. 

About VHGI

VHGI is a diverse company with assets and interests focusing on Precious Metals Markets (www.vhgigold.com ), oil and natural gas (www.vhgienergy.com) both wholly owned subsidiaries of VHGI. VHGI has recently initiated steps to leverage the company's operating history and corporate resources within these industries and intends to pursue these opportunities through, acquisitions and joint ventures. Investors are invited to obtain information concerning our operations at  (www.vhgiholdings.com) or by calling shareholder relations at 561-515-6035 or emailing [email protected].

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.