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VHGI: VHGI Gold Targets Candidates to Fill Key Advisory Board Position to Evaluate International Mining Acquisitions; Internet Town Hall Meeting Details Emerge, Kitco Gold Coverage Initiated
Date:12/17/2009

LEXINGTON, Ky., Dec. 17 /PRNewswire-FirstCall/ -- Virtual Health Technologies, Inc. (OTC Bulletin Board: VHGI) confirmed today that VHGI Gold (a wholly owned operating subsidiary of VHGI) is interviewing candidates for a key advisory board position to assist with evaluating potential International Mining Acquisitions. The company is close to a decision for the role and hopes to make an announcement imminently, as they are currently reviewing potential joint ventures and opportunities within the overseas Gold and Precious Minerals Mining markets.

Additionally, the company is firming up plans for the live unscripted format to be utilized for the Live Investor Town Hall Meeting. Guests include Paul Cohen of Cohen Independent Research Group as well as company management. Mr. Cohen's firm recently profiled VHGI, and investors will have the opportunity to ask questions via a live, unscripted format. Also, VHGI announced that links to Mr. Cohen's report and VHGI news is now being featured on www.kitco.com, and that Kitco will be posting an investor profile of VHGI within the coming week. Kitco is one of the most widely viewed and tracked internet portals for Gold Bullion and Gold Stock traders; Kitco reported that last week's main page traffic exceeded 6.7 million page views.

International Mining Acquisitions Advisor Position & Potential Acquisition

"While VHGI is pleased to have recently filled 2 slots on the advisory board with extremely qualified members to assist with the development of the Treasure Gulch and Zero Mines properties in Prescott, Arizona, the company is currently evaluating Gold Mining projects outside of North America and is aggressively seeking guidance to help them sift through the opportunities," stated Jim Renfro, President, VHGI. "The company hopes to announce a qualified appointment within the very near future, as well as outline potential details of target projects/acquisitions under consideration shortly thereafter."

Internet Town Hall Meeting

Details have firmed up for VHGI's Internet based Investor Town Hall Meeting. Topics include the development of the Treasure Gulch and Zero Gold Mines, the potential dividend for VHGI shareholders from the pending sale of certain healthcare related assets, new acquisitions, financing and the recent analyst coverage by Paul Cohen of VHGI. Potential guests include Mr. Paul Cohen of Cohen Independent Research as well as VHGI management personnel. Investors will have the opportunity to ask questions via a live, unscripted format. Details including participation access and time and date will be announced sometime in the near future.

Recent VHGI Buy Recommendation & Long Term Target of $2.48, Expanded Coverage

Mr. Cohen has issued a research report on VHGI with a "buy" recommendation and a long-term target price of $2.48. Mr. Cohen has been compensated by VHGI for his analysis and distribution of the report; for the full report and more information including complete compensation disclosure please visit http://www.vhgigold.com. The Cohen Report, VHGI news and a separate kitco company overview now being compiled will also be featured on http://www.kitco.com, one of the most highly trafficked portals for Gold and Precious Metals News and Online Bullion Product sales and purchases. Additionally, the recently reported extended international press coverage of VHGI has been expanded to include delivery to European Buy Side Analyst Monitoring Services for US Mining Stocks.

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.

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 / Energy Resources 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, Precious Metals and Energy Resources Markets. Although Gold is selling at 25 year high prices and Oil & Gas continue to be trading at significant premiums, global economic events have created significant opportunities within these markets. VHGI intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures for the goal of enhanced shareholder value.

"Safe Harbor" Statement:

Virtual Health 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 Securities and Exchange Commission 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 on this website, 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.


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SOURCE Virtual Health Technologies, Inc.
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