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VHGI Energy, LLC Enters Into Letter of Intent With Gulf Coast Exploitation, LLC

March 4, 2010

LEXINGTON, Ky., March 4 /PRNewswire-FirstCall/ — VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) announced today that its wholly-owned and operating subsidiary, VHGI Energy, LLC, has entered into a Letter of Intent with Gulf Coast Exploitation, LLC, to form a new partnership to explore Texas Gulf opportunities.

“After extensive due diligence, VHGI Energy has decided to move forward in the Oil and Gas sector. We feel that this area of industry is in line with our corporate objectives because of its significant growth opportunities,” states Jim Renfro, President and CEO of VirtualHealth Technologies, Inc. Mr. Renfro continued by saying, “This opportunity with Gulf Coast Exploitation is our first of what we hope to be many for VHGI Energy and should enhance our ability to build our revenue streams.”

VHGI Energy, LLC, anticipates the release of additional details pertaining to this and other potential projects for VHGI Energy within the next 30 days. During that time, management is focused on current assets and their production.

About VHGI, VHGI Gold and VHGI Energy

VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals Markets and Energy 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.

For Further Information:

Shareholder Relations – Communications 561-515-6035

SOURCE VirtualHealth Technologies, Inc.


Source: newswire



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