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Vantage Health 51% Owned Tanzanian Subsidiary Awarded Lot 1, Lot 2 and Lot 3 of University of Dar Es Salaam Pharmaceutical and Medical Supply Tender
Date:11/29/2011

CAPE TOWN, South Africa, Nov. 29, 2011 /PRNewswire/ -- Vantage Health (OTC:BB – ticker symbol VNTH), ("Company"), announced today that its 51% owned Tanzanian subsidiary, Vantage Health Tanzania Limited ("VHTL"), was awarded Lot 1, Lot 2 and Lot 3 of the University of Dar es Salaam ("University") pharmaceutical and medical supply tender number PA/011/G/2011/2012/2 ("tender", "contract") on October 24, 2011. The contract value for lot 1, lot 2 and lot 3 combined is TZS1,410,318,142.00, or the approximate equivalent of US$829,598 at current exchange rates, and covers the period November 1st 2011 to September 30th 2012. The first delivery to the University against an initial Purchase Order and offset against the full tender value, was successfully made by VHTL on Friday, November 18, 2011.

Dr. Lisa Ramakrishnan, President and CEO of Vantage Health, said: "Further to our previous press release on September 15, 2011 wherein the Company announced it had submitted bids on two separate Tanzanian tenders, one of which was to supply the University of Dar es Salaam, I am pleased to inform shareholders that we have won 100% of the University contract. This tender award is the catalyst that changes our 51% owned Tanzanian subsidiary from a concept, to a revenue generating entity. While we are very pleased that VHTL has been awarded the entire University tender, we await the adjudication of the Company's Tanzanian Medical Stores Department tender submission, which decision should be made on or prior to December 2nd, 2011. In the meantime, we shall continue to submit further applications for Tanzanian government healthcare tenders, and remain confident that our competitive position in the Tanzanian healthcare space will significantly improve the revenue stream to VHTL, with meaningful profit margins and by extension, increased value to our U.S. Company's shareholders. In addition to this news, and after our meeting with the Tanzanian government Minister for He
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