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Wound Management Technologies Completes Acquisition of Secure eHealth, LLC and Other Assets from VirtualHealth Technologies; Robert Tapales Appointed President of Secure eHealth, LLC
Date:2/1/2010

FORT WORTH, Texas, Feb. 1 /PRNewswire-FirstCall/ -- Wound Management Technologies, Inc. (OTC Bulletin Board: WNDM) announced today that it has completed the acquisition of secure data and messaging provider, Secure eHealth, LLC, along with certain other technology assets from VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) as previously announced in the January 11 press release. In addition to the acquisition of Secure eHealth, Wound Management has also received all of the intellectual property assets of the real-time prescription drug monitoring business conducted by VHGI subsidiary, VPS Holdings.  In addition, VHGI transferred to Wound Management its interest in a convertible note issued by Private Access, Inc., along with related agreements . Private Access is the Irvine based innovator in privacy-enhanced search technology and licensee of Secure eHealth’s System Tray Notifier.   VHGI will retain its existing ownership interest in Private Access.  Terms of the sale include $100,000 in cash, a note for $400,000, and a three-year 10% royalty payable by WNDM and its subsidiaries to VHGI for sales of products containing the Veriscrip Technology.

Wound Care Innovations, a WNDM subsidiary, had been licensing the Cifra solution from Secure eHealth and had been using the highly secure messaging system, document courier and database to share and compile information for ongoing evidence based case studies on its patented collagen CellerateRx® products for treating diabetic wounds.  According to Debbie Jenkins-Hutchinson, Wound Management Technologies President, "The completion of this acquisition is a key milestone in the execution of our strategy for this year by expanding our reach into the technology segm
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SOURCE Wound Management Technologies, Inc.
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