OTCBB-VHGI Updates Shareholders on Status of Healthcare Asset Sale and Treasure Gulch Gold Mine Developmen...( LEXINGTON Ky. Nov. 6 /- Virtual Healt...),Health

LEXINGTON, Ky., Nov. 6 /PRNewswire-FirstCall/ -- Virtual Health Technologies, Inc. (OTC Bulletin Board: VHGI) confirmed today that the previously confirmed Letter of Intent to sell all health care related assets to Wound Management Technologies, Inc (WNDM) is subject to final approval of the Board of Directors and shareholders of VHGI.

Shareholder Assurances

"We believe that the potential stock dividend, royalty stream and cash realized from the transaction would benefit our shareholders tremendously and allow them to participate in the profitable development of our healthcare technology divisions under a larger, more diversified and consolidated infrastructure. However, completion of this proposed sale will not occur until we are 100% confident that this transaction is in the best interest of VHGI shareholders. As developments become available during the coming due diligence period we will release updates." stated Jim Renfro, President of VHGI.

Continued Independent VHGI Healthcare Technology Operations and Growth

"VHGI's health technology divisions Medical Office Software (MOS) Inc., Secure eHealth LLC, and Veriscrip continue to operate under the independent authority of VHGI, and will do so subject to final approval by our Board of Directors and shareholder approval of the contemplated transaction. Business continues uninterrupted, and we are presently evaluating new contracts that would be unaffected by the potential transfer of any operations to WNDM," continued Renfro.

Treasure Gulch Gold Mine Developments

In a related announcement, VHGI confirmed that they are proceeding with the evaluation of the recently acquired Lease-Purchase Option Agreement for the Treasure Gulch Gold Mine in Prescott, Arizona. Unverified historical due-diligence material originally obtained from Western Sierra Mining Corp, Inc. (WSRA, a public company which is the owner of the subject
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