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Tanzania Minister of Health, on Behalf of the Government, Promises Full Support to Vantage Health in the United Republic of Tanzania
Date:7/19/2011

CAPE TOWN, South Africa, July 19, 2011 /PRNewswire/ -- Vantage Health (OTC BB: VNTH), ("Vantage"), ("company") announced today that it has successfully conducted discussions with senior government officials from the Ministry of Health and Social Welfare, Tanzania Food and Drug Authority, and Medical Stores Department, all representing the United Republic of Tanzania ("URT") which talks have resulted in a decision to draft a formal Public Private Partnership ("PPP") Agreement between Vantage, its local 51% owned Tanzanian subsidiary, Vantage Health Tanzania Limited ("VHTL"), and the Tanzanian government. In addition, VHTL is currently participating in its first URT essential medicine government tender, the results of which are expected to be announced by the URT Medical Stores Department by November 11, 2011.

VHTL is also actively negotiating with the Tanzanian Medical Stores Department to supply medicine and consumables in the URT healthcare sector which are not currently covered by existing supply contracts or agreements, and which fall outside current guidelines for competitive tender.

In addition, Vantage ultimately intends to provide construction plans before the end of 2011 for URT's first API (Active Pharmaceutical Ingredient) formulation and manufacturing facility (the "plant"). Subject to concluding the PPP Agreement with URT, and after completion, it is anticipated that Vantage would arrange for the necessary skills transfer and then operate the plant through its 51% owned URT subsidiary, Vantage Health Tanzania Limited ("VHTL") on a Build, Own, Operate, Transfer basis. It is intended that income from the plant would accrue to the benefit of VHTL for a period of 20 to 30 years, secured by URT government off take, after which, ownership of the plant would revert to the government of URT for the benefit of URT's citizens. Further, Vantage has committed to participate in dealing with the problem of HIV/AIDS in URT, through the provision of t
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SOURCE Vantage Health
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