VHGI Announces Letter of Intent to Acquire 2,628 Acres and Related Mining Claims and Equipment in Alaska which include Significant Potential Gold Reserves LEXINGTON, Ky., Feb 08, 2010 /PRNewswire via COMTEX/ -- VirtualHealth Technologies, Inc. /quotes/comstock/11k!vhgi (VHGI 0.19, 0.00, 0.00%) announced today that its subsidiary, VHGI Gold, LLC, has entered into a letter of intent to purchase certain acreage, mining claims and equipment pertaining to the Ganes Creek Mine in Alaska from C.W. Properties, LLC and Clark-Wiltz Mining Partnership. The potential gold reserves are estimated at over 500,000 ounces, although such amount has not been verified nor has VHGI undertaken an analysis of the feasibility of mining such reserves, both of which will be analyzed in detail prior to the closing. According to Jim Renfro, VHGI President, "We are excited to have this opportunity to work with the experienced group of C.W. Properties. This is a significant step for us to confirm our direction and our efforts to focus in the gold industry." Renfro continues, "We feel that with the increased spending of our Federal Government that gold is going to be an asset that will only increase in value and by possessing these assets VHGI will help to increase its shareholder value."
The purchase price for this transaction is $16,000,000, which will be payable in two tranches of $8,000,000 each, with the first tranche being due and payable no later than June 1, 2010. VHGI is in discussion with two financial partners to provide funding for such transaction. Closing of the transaction is contingent on a number of things, including without limitation, satisfactory completion of due diligence by VHGI Gold, obtaining financing for the transaction, and the negotiation and execution of a definitive purchase agreement in form and substance mutually agreeable to VHGI Gold and the sellers. There can be no assurance that such transaction will be consummated or the final terms of such transaction.
For VHGI Shareholder Information please call 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 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. 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.
Safe Harbor Statement:
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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
SOURCE VirtualHealth Technologies, Inc.
Posts: 163 | Registered: Dec 2008
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mPower Emergency Illuminator Featured in March 2010 Issue of Popular Mechanics Magazine
LED Flashlight Showcased in Magazine's "Gear+Tools+Toys" Section
LITTLE FALLS, NJ, Feb 24, 2010 -- mPhase Technologies, Inc. (OTCBB: XDSL), the global leader in the development of Power On Command(TM) reserve battery technology, today announced that its mPower Emergency Illuminator is showcased in the March 2010 issue of Popular Mechanics magazine, on newsstands now.
The magazine's "Gear+Tools+Toys" section includes a color image of the Illuminator. Beneath the headline "Light Reserve," the following description appears: "Leave most batteries in a drawer too long, and they'll lose their charge. Not the backup battery in the mPower Emergency Illuminator LED Flashlight ($289). The manufacturer claims it can sit untouched for 20 years and still start up. The secret: Its lithium-based chemical cocktail doesn't actually mix until you call it into action for the first time. The device also comes with a USB plug for siphoning off power to gadgets during blackouts or emergencies. So it gets high marks for utility." "The appearance of the Emergency Illuminator in the pages of Popular Mechanics is a significant event," said Ron Durando, CEO of mPhase Technologies. "Along with the magazine's 1.2 million monthly readers, we at mPhase are fascinated by the power of new technology to improve our daily lives, and we believe the Illuminator is an ideal tool for everyone in today's high-tech world." Designed by Porsche Design Studio of Zell am See, Austria, and manufactured by MKE of Heidenreichstein, Austria, the mPower Emergency Illuminator is a precision instrument with a powerful 180 Lumens LED and two separate battery tubes. One tube is for everyday use and holds two CR123 batteries, while the other tube holds mPhase's Power On Command(TM) reserve battery. If the regular CR123 batteries run down, the Reserve Battery takes over -- even after laying idle for 20 years. The Emergency Illuminator also features a USB port that can be used for charging portable devices such as a cell phone.
About Popular Mechanics A subsidiary of the Hearst Corporation since 1958, Popular Mechanics is a monthly American magazine devoted to science and technology with a circulation of 1.2 million. First published in 1902, it is released in the US as well as in nine international editions, including one for Latin America and one for South Africa. It features regular sections on automotive, home, outdoors, science, and technology topics.
About mPhase Technologies, Inc. mPhase Technologies, Inc. (OTCBB: XDSL), is focused on developing and commercializing a new battery technology featuring Power On Command(TM) which provides a unique way to store energy and manage power that will revolutionize the battery industry. mPhase, through its 100% owned consumer products division mPower Technologies, is marketing its first Power On Command product, The mPower Emergency Illuminator. For more information, please visit www.mPhaseTech.com and www.mpowertech.com.
-------------------- what i post is my opinion Posts: 304 | Registered: Sep 2009
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Virtual Health Technologies, Inc. Announces Formation of VHGI ENERGY, LLC LEXINGTON, Ky., March 1 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) soon to be renamed VHGI Holdings, Inc. has announced the formation of a new subsidiary, VHGI Energy, LLC. VHGI continues to surge ahead with its strategy of carefully selecting opportunities to gain entry into the established gold and energy markets. This strategy began in 2009 with the lease of treasure Gulch and the option to purchase Treasure Gulch gold mine in Prescott, AZ soon followed by the formation of VHGI Gold, LLC, VHGI’s gold and precious metals subsidiary.
“Our overall strategy from day one and our corporate focus has been to be in a position where we could use our managements relationships to develop business models that produce recurring revenue streams or residual based income,” stated the company CEO Scott Haire.
The establishment of VHGI ENERGY marks the formal entry of the company into the oil and gas industry. It has already begun dialogue with various opportunities in that industry which it plans to disclose in the near future.
Haire continues, “We have successfully executed our strategy so far by the transition of the companies of certain healthcare assets while allowing the company to continue collecting royalties on those previous assets. We also have furthered our commitment to our gold ventures with the extension of Treasure Gulch Lease and are now evaluating our relationship with Western Sierra in such a way as to allow us to develop other mines, collect royalty revenues without having to spend large amounts of cash. “
VHGI Gold is also pleased to announce that since its recent transition from the health care industry to the resource industry it has been diligent in identifying select mineral properties that specifically fit our criteria for growth, expansion and a sound investment.
In the coming weeks the company plans to begin revealing the management team for both subsidiaries. The team will be comprised of seasoned veterans in both industries with the experience and track record to guide each entity towards a successful execution of its well thought out business plan.
According to Jim Renfro, VHGI President, “I feel that having added the oil and gas division to our expanding portfolio of mineral and energy companies it fully complements and formalizes our mission going forward.” Renfro continues, “Our goal from day one has been to become profitable and to increase shareholder value and to remain diverse enough that if changes occur in the market we are not hindered in anyway by those conditions in being able to grow the company.”
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 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. Investors are invited to obtain information concerning our operations at http://www.vhgigold.com or by calling shareholder relations at 561-515-6035.
Safe Harbor Statement:
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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company’s actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
posted
VirtualHealth Tech Inc (OTCBB: VHGI) has been under accumulation.
I'm not surprised that investors are taking positions in VHGI because there is a track record of success from the management team of this revenue producing company.
In fact, a very positive analyst report projected massive growth numbers for VHGI.
Basically, their gold exploration division is projected to produce 7.9 thousand tons in 2010 and 15.5 thousand tons in 2014? That's almost DOUBLE in four years.
While that sounds fairly attractive, the really exciting figure is that they expect REVENUES to explode from $800,000 in 2009 all the way to $13.3 MILLION in 2014.
That's growth of over 1500% in a five year period. Large cap NYSE companies do NOT historically grow at this rate.
The symbol has seen an overall increase in volume and price during the last three trading sessions suggesting positive sentiment about its prospects.
The Company's fundamental and technical indicators look... solid and word is getting out on the Street that the symbol is in play...
So, keep a watchful eye on VHGI. I expect share prices higher could go higher.
Posts: 598 | Registered: Mar 2005
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Gold Potential / Mining Development Plan VHGI is currently conducting due-diligence on the subject property and pending results hopes to announce details of a proposed mining development schedule, with the intent of maximizing initial outcomes while limiting the financial commitment. Details under consideration include a laboratory analysis of surface ore deposits, an evaluation of the underground mine workings and an evaluation of refining and processing options subject to the results of these tests and analysis which could lead to Full Scale Gold Production.
The plan calls for surface ore deposits to be sent to an analytical laboratory to determine the best possible gold extraction methodology, as well as a short-term structure sampling program to determine the value of the subterranean holdings as to the possible quantity and grade of Gold Bearing Ore that could be extracted. According to the proposal, the existing tunnels and surface cuts would suffice to provide the ore body. These options could potentially produce first gold in 30 to 60 days on a laboratory scale. http://www.vhgigold.com/vhgi-home.phpPosts: 348 | From: in the sun! | Registered: Dec 2008
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According to Jim Renfro, VHGI President, “I feel that having added the oil and gas division to our expanding portfolio of mineral and energy companies it fully complements and formalizes our mission going forward.” Renfro continues, “Our goal from day one has been to become profitable and to increase shareholder value and to remain diverse enough that if changes occur in the market we are not hindered in anyway by those conditions in being able to grow the company.”
Posts: 348 | From: in the sun! | Registered: Dec 2008
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Virtual Health Technologies, Inc. Announces Formation of VHGI ENERGY, LLC
PR Newswire "US Press Releases "
LEXINGTON, Ky., March 1 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) soon to be renamed VHGI Holdings, Inc. has announced the formation of a new subsidiary, VHGI Energy, LLC. VHGI continues to surge ahead with its strategy of carefully selecting opportunities to gain entry into the established gold and energy markets. This strategy began in 2009 with the lease of treasure Gulch and the option to purchase Treasure Gulch gold mine in Prescott, AZ soon followed by the formation of VHGI Gold, LLC, VHGI’s gold and precious metals subsidiary.
“Our overall strategy from day one and our corporate focus has been to be in a position where we could use our managements relationships to develop business models that produce recurring revenue streams or residual based income,� stated the company CEO Scott Haire.
The establishment of VHGI ENERGY marks the formal entry of the company into the oil and gas industry. It has already begun dialogue with various opportunities in that industry which it plans to disclose in the near future. ÂÂ
Haire continues, “We have successfully executed our strategy so far by the transition of the companies of certain healthcare assets while allowing the company to continue collecting royalties on those previous assets. We also have furthered our commitment to our gold ventures with the extension of Treasure Gulch Lease and are now evaluating our relationship with Western Sierra in such a way as to allow us to develop other mines, collect royalty revenues without having to spend large amounts of cash. “
VHGI Gold is also pleased to announce that since its recent transition from the health care industry to the resource industry it has been diligent in identifying select mineral properties that specifically fit our criteria for growth, expansion and a sound investment.
In the coming weeks the company plans to begin revealing the management team for both subsidiaries. The team will be comprised of seasoned veterans in both industries with the experience and track record to guide each entity towards a successful execution of its well thought out business plan.
According to Jim Renfro, VHGI President, “I feel that having added the oil and gas division to our expanding portfolio of mineral and energy companies it fully complements and formalizes our mission going forward.� Renfro continues, “Our goal from day one has been to become profitable and to increase shareholder value and to remain diverse enough that if changes occur in the market we are not hindered in anyway by those conditions in being able to grow the company.�
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 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. Investors are invited to obtain information concerning our operations at http://www.vhgigold.com or by calling shareholder relations at 561-515-6035.
Safe Harbor Statement:
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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company’s actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. 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 561-515-6035
Posts: 163 | Registered: Dec 2008
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posted
Since 1984, Medical Office Software, Inc. (MOS) has provided flexible, integrated medical office information solutions. Servicing over 1500 physicians nationwide, MOS professionals combine expertise in healthcare, finance, administration, information systems and customer service to provide you a complete range of turn-key medical office systems.
Practice Management Our Practice Management Solutions offer your practice Power:
•The Power to enhance patient care and satisfaction. •The Power to allow you to control costs. •The Power to allow you to control costs. MOS streamlines all of your practice management tasks in an orderly and effective way. It improves staff efficiency and eliminates repetitive, manual tasks. MOS stores, retrieves and delivers information that once required paper, folders, charts, appointment books, file cabinets and hours of manual labor. All billing, insurance claims, statements, reports, scheduling and recalls are now handled quickly and automatically.
MOS information management systems are scaleable from single physician practices to large multi-specialty groups, Management Service Organizations and Physician Practice Management. Other MOS specialty areas include Full Risk Managed Care, Billing Services, Orthotic and Prosthetic Organizations.
Electronic Medical Records
Realizing the eventual immersion of physicians into the truly digital office, MOS recently added Electronic Medical Records (EMR) as part of it's service offerring to their clients. Considering the complexity of the field, they opted to partner with two leaders in the industry and create two very powerful soultions; Each bringing their unique qualities to MOS's clients. Each EMR solution can seamlessly interface with the MOS Practice Management System (PMS) and transmit pertinent client data bi-directionally from both systems.
Posts: 91 | Registered: Mar 2010
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posted
VHGI Gold is also pleased to announce that since its recent transition from the health care industry to the resource industry it has been diligent in identifying select mineral properties that specifically fit our criteria for growth, expansion and a sound investment.
In the coming weeks the company plans to begin revealing the management team for both subsidiaries. The team will be comprised of seasoned veterans in both industries with the experience and track record to guide each entity towards a successful execution of its well thought out business plan.
Posts: 91 | Registered: Mar 2010
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posted
VHGI Gold is also pleased to announce that since its recent transition from the health care industry to the resource industry it has been diligent in identifying select mineral properties that specifically fit our criteria for growth, expansion and a sound investment.
In the coming weeks the company plans to begin revealing the management team for both subsidiaries. The team will be comprised of seasoned veterans in both industries with the experience and track record to guide each entity towards a successful execution of its well thought out business plan.
Posts: 163 | Registered: Dec 2008
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posted
volume picked up nicely, news Haire continues, “We have successfully executed our strategy so far by the transition of the companies of certain healthcare assets while allowing the company to continue collecting royalties on those previous assets. We also have furthered our commitment to our gold ventures with the extension of Treasure Gulch Lease and are now evaluating our relationship with Western Sierra in such a way as to allow us to develop other mines, collect royalty revenues without having to spend large amounts of cash. “ looks like we are having success
Posts: 163 | Registered: Dec 2008
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posted
VHGI NEWS:Virtual Health Technologies, Inc. Announces Formation of VHGI ENERGY, LLC 3/3/2010 6:01:00 AM - Article #3145 http://mfrtech.com/articles/3145.html
Lexington, Ky.,--VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) soon to be renamed VHGI Holdings, Inc. has announced the formation of a new subsidiary, VHGI Energy, LLC.
VHGI continues to move forward with its strategy of carefully selecting opportunities to gain entry into the established gold and energy markets. This strategy began in 2009 with the lease of treasure Gulch and the option to purchase Treasure Gulch gold mine in Prescott, AZ soon followed by the formation of VHGI Gold, LLC, VHGI’s gold and precious metals subsidiary.
“Our overall strategy from day one and our corporate focus has been to be in a position where we could use our management’s relationships to develop business models that produce recurring revenue streams or residual based income,” stated the company CEO Scott Haire.
The establishment of VHGI ENERGY marks the formal entry of the company into the oil and gas industry. It has already begun dialogue with various opportunities in that industry which it plans to disclose in the near future.
According to Jim Renfro, VHGI President, “I feel that having added the oil and gas division to our expanding portfolio of mineral and energy companies it fully complements and formalizes our mission going forward.”
VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures.
Posts: 809 | From: florida | Registered: Dec 2008
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posted
VHGI Subsidiary VHGI Gold With Its New Partner Western Sierra Together Have Entered Into Negotiations to Further Expand on Their Current Gold Portfolio LEXINGTON, Ky., March 3 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) today announced that VHGI Gold LLC, its wholly-owned operating subsidiary along with one of its mining partners, Western Sierra Mining, together agreed to forge ahead and source additional gold projects to compliment their current portfolio. Management feels that in addition to the Treasure Gulch mine already under development there are other significant projects, available through its relationship with Western Sierra, and desire to move together not only to acquire these properties but to move them to the next level. Western has agreed to supply VHGI a list of properties that fit both companies long term objectives while utilizing the mutual strengths of each. The properties currently under consideration for joint development will consist of both gold, silver and copper and will be located in Arizona and Nevada.
According to Scott Haire, VHGI CEO, "We see Treasure Gulch as only the beginning of an opportunity to accelerate the efforts of VHGI Gold to eventually become a viable and profitable junior mining company combining assets with positive cash flow."
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 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. Investors are invited to obtain information concerning our operations at http://www.vhgigold.com or by calling shareholder relations at 561-515-6035.
Safe Harbor Statement:
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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
SOURCE VirtualHealth Technologies, Inc.
Posts: 348 | From: in the sun! | Registered: Dec 2008
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posted
VHGI Subsidiary VHGI Gold With Its New Partner Western Sierra Together Have Entered Into Negotiations to Further Expand on Their Current Gold Portfolio LEXINGTON, Ky., March 3, 2010 /PRNewswire via COMTEX/ -- VirtualHealth Technologies, Inc. /quotes/comstock/11k!vhgi (VHGI 0.18, -0.02, -7.69%) today announced that VHGI Gold LLC, its wholly-owned operating subsidiary along with one of its mining partners, Western Sierra Mining, together agreed to forge ahead and source additional gold projects to compliment their current portfolio. Management feels that in addition to the Treasure Gulch mine already under development there are other significant projects, available through its relationship with Western Sierra, and desire to move together not only to acquire these properties but to move them to the next level. Western has agreed to supply VHGI a list of properties that fit both companies long term objectives while utilizing the mutual strengths of each. The properties currently under consideration for joint development will consist of both gold, silver and copper and will be located in Arizona and Nevada.
According to Scott Haire, VHGI CEO, "We see Treasure Gulch as only the beginning of an opportunity to accelerate the efforts of VHGI Gold to eventually become a viable and profitable junior mining company combining assets with positive cash flow."
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 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. Investors are invited to obtain information concerning our operations at http://www.vhgigold.com or by calling shareholder relations at 561-515-6035.
Safe Harbor Statement:
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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
SOURCE VirtualHealth Technologies, Inc.
Copyright (C) 2010 PR Newswire. All rights reserved
Posts: 809 | From: florida | Registered: Dec 2008
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posted
Been waiting on News here for a long time the patients has finally came around and We should keep on a upward movement here!!
Posts: 163 | Registered: Dec 2008
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posted
positive cash flowAccording to Scott Haire, VHGI CEO, "We see Treasure Gulch as only the beginning of an opportunity to accelerate the efforts of VHGI Gold to eventually become a viable and profitable junior mining company combining assets with positive cash flow." Thats what I like to hear
Posts: 163 | Registered: Dec 2008
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posted
the news today is great should diffently bring us back over to the greener side of the fence imo
Posts: 91 | Registered: Mar 2010
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VHGI Discusses Recent Addition to the Regulation SHO Threshold Security Listing LEXINGTON, Ky., March 3 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) today announced that based on the recent increase in daily share volume, it has appeared on the Regulation SHO Threshold Security Listing.
The Company continues to operate and grow its business strategy stated, Scott Haire, the Company CEO. Our first and primary objective is to grow the Company's revenue and execute it business plan.
posted
most diffently should see a nice upward movement
quote:Originally posted by oneleg: Been waiting on News here for a long time the patients has finally came around and We should keep on a upward movement here!!
posted
VHGI Discusses Recent Addition to the Regulation SHO Threshold Security Listing
PR Newswire "US Press Releases "
LEXINGTON, Ky., March 3 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) today announced that based on the recent increase in daily share volume, it has appeared on the Regulation SHO Threshold Security Listing.
The Company continues to operate and grow its business strategy stated, Scott Haire, the Company CEO.  Our first and primary objective is to grow the Company's revenue and execute it business plan.
VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare
Technology Industry and Precious Metals 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. 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.
Safe Harbor Statement:
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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
posted
VHGI Discusses Recent Addition to the Regulation SHO Threshold Security Listing LEXINGTON, Ky., March 3, 2010 /PRNewswire via COMTEX/ -- VirtualHealth Technologies, Inc. /quotes/comstock/11k!vhgi (VHGI 0.17, -0.01, -5.56%) today announced that based on the recent increase in daily share volume, it has appeared on the Regulation SHO Threshold Security Listing.
The Company continues to operate and grow its business strategy stated, Scott Haire, the Company CEO. Our first and primary objective is to grow the Company's revenue and execute it business plan.
VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare
Technology Industry and Precious Metals 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 Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. 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.
Safe Harbor Statement:
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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
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Treasure Gulch Gold Mine VHGI owns a Lease-Purchase Option Agreement for the Treasure Gulch Gold Mine in Prescott, Arizona. The mine is part of a much larger parcel of property which includes eight mining claims in the Bradshaw Mountains of Arizona.
Unverified historical due-diligence material estimates Proven and Probable Gold Reserves in excess of $35,000,000.00 using a valuation of $800.00 per ounce. The subject property is located south of Prescott, AZ within the Hassayampa District, and is composed of three claims. It is an old mine that produced gold ore from a narrow portion of the vein and from underground open stopes. The previously worked vein is 6' to 12' in width and the adjacent Zero extension, also a part of this property, is from 2' to 5' in width.
Recently VHGI Gold secured both an extension of the Lease Periode and a modification to the Treasure Gulch Gold Mine Lease Purchase Option. The Term of the Lease has been extended through February 15, 2013 for VHGI to conduct gold mining activities at the site, and we have also secured renewal options through 2023. Additionally, we have been granted a reduction in the strike price for the outright acquisition of the property through our Lease-Purchase Option. As there is an additional incentive to acquire the property within six months, we intend to explore financing options to complete this transaction subject to due diligence and feasibility studies
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Production Options Based on the outcome of that effort, a small pre-production extraction plant could be used to test the economics and provide certification for a final mining plan. While smaller production efforts could possibly support a profit orientated enterprise, the real commercial value of the Treasure Gulch Mine could be found in the development of the ore reserves at depth and on strike. On the table is a potential joint venture for the development of a centralized mill site to process the ore from the Treasure Gulch Mine and other mines within the adjacent parcels which could form the basis to transition VHGI from an acquisition and exploration company to a revenue based gold and silver production company. Additionally, VHGI is currently reviewing other Gold Lease-Purchase options and other potential acquisitions.
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Gold Potential / Mining Development Plan VHGI is currently conducting due-diligence on the subject property and pending results hopes to announce details of a proposed mining development schedule, with the intent of maximizing initial outcomes while limiting the financial commitment. Details under consideration include a laboratory analysis of surface ore deposits, an evaluation of the underground mine workings and an evaluation of refining and processing options subject to the results of these tests and analysis which could lead to Full Scale Gold Production.
The plan calls for surface ore deposits to be sent to an analytical laboratory to determine the best possible gold extraction methodology, as well as a short-term structure sampling program to determine the value of the subterranean holdings as to the possible quantity and grade of Gold Bearing Ore that could be extracted. According to the proposal, the existing tunnels and surface cuts would suffice to provide the ore body. These options could potentially produce first gold in 30 to 60 days on a laboratory scale.
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Volume has been growing every day here lately I look for this to be back in the mid 20s by EOW!!!
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quote:Originally posted by oneleg: Volume has been growing every day here lately I look for this to be back in the mid 20s by EOW!!!
I could see that oneleg! Made a nice recovery at EOD. Could be the uptrend we all have been waiting on imo.
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