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VHGI) (BULLETIN BOARD: confirmed that the company continues to evaluate bids for certain of its healthcare assets as part of its strategy to assemble the necessary capital to initiate gold mining production. Additionally, VHGI announced that they intend to change the name of the company as VHGI Gold (a wholly owned operating subsidiary of VHGI) looks to put the Treasure Gulch and Zero Mines into production and accelerate the company's reentry into the Gold Mining Industry
"Previously VHGI announced that we had entered into a letter of intent to sell some of our healthcare assets to Wound Management Technologies (WNDM) in exchange for $10,000,000 in cash and stock subject to certain factors including the approval of the Board of Directors and shareholders of VHGI," said James Renfro, President, VHGI. "While this offer is still under consideration, VHGI is also exploring alternative transactions with WNDM and other entities with the goal of maximizing cash for VHGI. VHGI Gold also plans to assist with the construction of the proposed Hard Rock Processing Facility at the Treasure Gulch and Zero Mines that VHGI has under Lease-Purchase Option. Gold mining is part of our corporate heritage and we feel it is our future."
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VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals / Energy Resources Markets. The company has achieved significant developments and operating revenues from their various Healthcare Technology operating divisions, and is evaluating options to maximize shareholder return from this segment of the company's business holdings.
VHGI intends to increase our revenue stream without adding significantly to our fixed costs through corporate involvement with different performance-based sectors of the economy through VHGI Gold. VHGI has historical operations within the Gold Mining and Ore Processing Technology industries which we intend to make use of; we believe that by leveraging the company's current financial structure and operating history we are poised to significantly enhance shareholder value. However, our expansion within this industry will be through a conservative approach that minimizes the risks and looks to maximize the returns for our shareholders.
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VHGI NEWS: VirtualHealth Technologies Announces Strategic Sale of Secure eHealth, LLC to Wound Management Technologies
LEXINGTON, Ky., Jan. 11 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC:VHGI) (BULLETIN BOARD: VHGI) announced today that they have reached a mutual understanding and verbal agreement in principle to sell secure data and messaging provider, Secure eHealth, LLC, and certain other technology assets to Wound Management Technologies, Inc. (OTC: WNDM) (BULLETIN BOARD: WNDM) . Both parties have completed the due diligence process, agreed to the price and terms and are currently drafting definitive documentation on this transaction with an expectation to close the transaction within the next two weeks. In addition to the sale of Secure eHealth, VHGI will also be transferring all of the intellectual property assets of the real-time prescription drug monitoring company Veriscrip and the Private Access Convertible Note and Agreements. Wound Care Innovations, a WNDM subsidiary, currently licenses the Cifra solution from Secure eHealth and will initially use this 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 Jim Renfro, President of VirtualHealth Technologies, "The time was right for VHGI to divest itself of Secure eHealth, our primary focus now is on the building of shareholder value by directing our efforts where the market is providing the greatest opportunity." Renfro continues, "For now that direction is the development of our gold mining assets which promise to have tremendous value in a relatively short amount of time."
As currently negotiated, the terms of acquisition will include $100,000 in cash and a note for $400,000 also included is Wound Management's purchasing of VirtualHealth's convertible note and agreements with Private Access, Inc., the Irvine based innovator in privacy-enhanced search technology and licensee of Secure eHealth's System Tray Notifier. However, VHGI will retain its near 5% ownership interest in Private Access which was received under the original investment into Private Access. A royalty agreement will also be established for VHGI relative to any business acquired by Secure eHealth using the Veriscrip real-time prescription drug monitoring technology. Specific details will be set forth in the definitive transaction documents. Closing of the transaction is dependent on the successful negotiation and execution of the definitive transaction documents
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:
VirtualHealth Technologies, Inc. and VHGI Gold, LLC cautions investors that none of the information concerning the valuations of mineral deposits or other data reported above has been verified by outside geologists or other verifiable sources beyond representations made to VHGI which ultimately came from the owner of the subject property and their associates. The United States SEC permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filings with the SEC
Under The Private Securities Litigation Reform Act of 1995:
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 are "forward-looking statements," within the meaning of 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 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 and uncertainties detailed in the Company's SEC filings. 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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Good news yesterday: VHGI announced that they have reached a mutual understanding and verbal agreement in principle to sell secure data and messaging provider, Secure eHealth, LLC, and certain other technology assets to Wound Management Technologies, Inc. (OTC: WNDM) (BULLETIN BOARD: WNDM) . Both parties have completed the due diligence process, agreed to the price and terms and are currently drafting definitive documentation on this transaction with an expectation to close the transaction within the next two weeks. In addition to the sale of Secure eHealth, VHGI will also be transferring all of the intellectual property assets of the real-time prescription drug monitoring company Veriscrip and the Private Access Convertible Note and Agreements. Wound Care Innovations, a WNDM subsidiary, currently licenses the Cifra solution from Secure eHealth and will initially use this 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 Jim Renfro, President of VirtualHealth Technologies, "The time was right for VHGI to divest itself of Secure eHealth, our primary focus now is on the building of shareholder value by directing our efforts where the market is providing the greatest opportunity." Renfro continues, "For now that direction is the development of our gold mining assets which promise to have tremendous value in a relatively short amount of time."
As currently negotiated, the terms of acquisition will include $100,000 in cash and a note for $400,000 also included is Wound Management's purchasing of VirtualHealth's convertible note and agreements with Private Access, Inc., the Irvine based innovator in privacy-enhanced search technology and licensee of Secure eHealth's System Tray Notifier. However, VHGI will retain its near 5% ownership interest in Private Access which was received under the original investment into Private Access. A royalty agreement will also be established for VHGI relative to any business acquired by Secure eHealth using the Veriscrip real-time prescription drug monitoring technology. Specific details will be set forth in the definitive transaction documents. Closing of the transaction is dependent on the successful negotiation and execution of the definitive transaction documents
For VHGI Shareholder Information please call 859-514-6982
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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, Precious Metals and Energy Production Markets. Although Gold is selling at 25 year high prices and Oil & Gas continue to be trading at significant premiums, global economic events have created significant opportunities within these markets. Assets can be acquired at significant discounts, and VHGI intends to pursue these opportunities through Lease-Purchase opportunities, Property Acquisitions and Joint Ventures
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Virtual Health Technologies, Inc. (OTCBB-VHGI) through its wholly owned subsidiary VHGI Gold, today released initial analysis of technical data received from the consultants hired to evaluate and formulate its development plan at the Treasure Gulch and Zero Mining properties in Prescott, Arizona. Recoverable estimates are approximately 45,000 ounces of Gold between the 2 claims, with a combined extractable value of approximately $50,000,000 using valuations of $1200.00 per ounce of gold. Initial production costs are budgeted at approximately $200.00 per ounce.
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VirtualHealth Technologies, Inc. (BULLETIN BOARD: VHGI) President, Jim Renfro, today responded to a recent series of articles that predict by 2017, total health care spending will double to more than $4 trillion a year, accounting for one of every $5 the nation spends according to a projection by the federal government.
With the recent announcement of the increased costs in health care, projected to top $4 trillion by the year 2017, everyone is apparently searching for ways to curb these cost increases without diluting the quality of health care delivery. "Our economy can ill afford for our health care spending to equal nearly 20% of our gross domestic products," stated Jim Renfro, President of VirtualHealth Technologies, Inc. "With the costs to our economy for our current trade imbalance, we have major concerns as to the impact this increase cost for medical services would have on both our economy and the nation." Renfro continued, "It is our firm belief that the best way to curb the increase costs for medical services is with the introduction of new cutting-edge technology solutions. That is why we are investing heavily in these technologies which will assist healthcare providers in operating more efficiently and more securely."
"Being able to curtail prescription drug abuse and doctor shopping will save the states and the medical communities millions of dollars each year," President Renfro reported. "We also now have the capability of providing a security platform which will allow both State and Federal Agencies to share information between themselves and members of the healthcare community in ways never before possible." Renfro continued, "We must all join together, business leaders, government agencies and members of the healthcare community to resolve this issue, otherwise it will impact the quality of life for generations to come."
This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. While these statements reflect the Company's best current judgment, they are subject to risks and uncertainties. Actual results may differ significantly from projected results due to a number of factors, including, but not limited to assumptions, beliefs and opinions relating to the business and growth strategy of VirtualHealth Technologies, Inc. and its wholly owned subsidiaries Verified Prescription Safeguards, Inc., VPS Holding, LLC, Envoii Healthcare, LLC, Medical Office Software, Inc. and implementation thereof, based upon the Company's interpretation and analysis of financial and market conditions, the decisions of businesses with whom the Company is either engaged in business with or negotiating, healthcare industry trends and management's ability to successfully finance, develop, market, sell and implement its e-commerce and internet solutions, clinical and financial e-transaction services and software applications to physicians, pharmacies, governmental agencies, laboratories, insurance companies, HMOs, and payers. These factors and other risk factors are more fully discussed in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any intent or obligation to update any forward-looking statements.
VirtualHealth Technologies, Inc.
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Over the next few weeks VHGI intends to initiate Phase I of our Gold Production Plan at Treasure Gulch. 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. Both options could potentially produce first gold in 30 to 60 days on a laboratory scale. Supervision of this work has already been contracted for by VHGI Gold.
Phases II & III Gold Production
"The next step is for VHGI to construct a small 'pre-production' facility complete with a small test plant facility as we evaluate how quickly we can complete a 'full-scale' 6 ton per hour hard rock processing facility to implement full production," continued Renfro. "We are presently evaluating 12 month pro-forma financial models that show us to be cash flow positive within 120 days of commencing operations with first year revenues of $4.7 million and earnings of $3.4 million; second year revenues and income are forecast higher as the bulk of the expenses come from the initial construction costs."
In a related note VHGI said they hope to release details confirming VHGI Gold management appointments within the coming weeks.
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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:
VirtualHealth Technologies, Inc. and VHGI Gold, LLC cautions investors that none of the information concerning the valuations of mineral deposits or other data reported above has been verified by outside geologists or other verifiable sources beyond representations made to VHGI which ultimately came from the owner of the subject property and their associates. The United States SEC permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filings with the SEC
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"I would like to take this opportunity to clarify what the Lease-Purchase Option is and what it means to VHGI shareholders. Our lease rights through 2013 carry no royalty provisions or profit sharing requirements, and we have right to all the gold that we produce through 2013. Pursuant to the purchase option clause, if we purchase the property prior to February 2013 then we will of course own it free and clear. VHGI fully intends to purchase the property as early as later this year, subject to financing; if we do not purchase the property we have renewal options after 2013 that allow for annual renewal through 2023 with some revenue sharing." Posts: 809 | From: florida | Registered: Dec 2008
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Over the next few weeks VHGI intends to initiate Phase I of our Gold Production Plan at Treasure Gulch. 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. Both options could potentially produce first gold in 30 to 60 days on a laboratory scale. Supervision of this work has already been contracted for by VHGI Gold
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"The next step is for VHGI to construct a small 'pre-production' facility complete with a small test plant facility as we evaluate how quickly we can complete a 'full-scale' 6 ton per hour hard rock processing facility to implement full production," continued Renfro. "We are presently evaluating 12 month pro-forma financial models that show us to be cash flow positive within 120 days of commencing operations with first year revenues of $4.7 million and earnings of $3.4 million; second year revenues and income are forecast higher as the bulk of the expenses come from the initial construction costs."
In a related note VHGI said they hope to release details confirming VHGI Gold management appointments within the coming weeks
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
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Project location as indicated above. 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, Precious Metals and Energy Production Markets. Although Gold is selling at 25 year high prices and Oil & Gas continue to be trading at significant premiums, global economic events have created significant opportunities within these markets. Assets can be acquired at significant discounts, and VHGI intends to pursue these opportunities through Lease-Purchase opportunities, Property Acquisitions and Joint Ventures
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VHGI announced that they have reached a mutual understanding and verbal agreement in principle to sell secure data and messaging provider, Secure eHealth, LLC, and certain other technology assets to Wound Management Technologies, Inc. (OTC: WNDM) (BULLETIN BOARD: WNDM) . Both parties have completed the due diligence process, agreed to the price and terms and are currently drafting definitive documentation on this transaction with an expectation to close the transaction within the next two weeks. In addition to the sale of Secure eHealth, VHGI will also be transferring all of the intellectual property assets of the real-time prescription drug monitoring company Veriscrip and the Private Access Convertible Note and Agreements. Wound Care Innovations, a WNDM subsidiary, currently licenses the Cifra solution from Secure eHealth and will initially use this 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 Jim Renfro, President of VirtualHealth Technologies, "The time was right for VHGI to divest itself of Secure eHealth, our primary focus now is on the building of shareholder value by directing our efforts where the market is providing the greatest opportunity." Renfro continues, "For now that direction is the development of our gold mining assets which promise to have tremendous value in a relatively short amount of time."
As currently negotiated, the terms of acquisition will include $100,000 in cash and a note for $400,000 also included is Wound Management's purchasing of VirtualHealth's convertible note and agreements with Private Access, Inc., the Irvine based innovator in privacy-enhanced search technology and licensee of Secure eHealth's System Tray Notifier. However, VHGI will retain its near 5% ownership interest in Private Access which was received under the original investment into Private Access. A royalty agreement will also be established for VHGI relative to any business acquired by Secure eHealth using the Veriscrip real-time prescription drug monitoring technology. Specific details will be set forth in the definitive transaction documents. Closing of the transaction is dependent on the successful negotiation and execution of the definitive transaction documents.
For VHGI Shareholder Information please call 859-514-6982
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VHGI Completes Next Payment Phase and Updates Investors on Developments for Treasure Gulch Gold Mine Lease, Implementation of Production Plan LEXINGTON, Ky., Jan 13, 2010 /PRNewswire via COMTEX/ -- VirtualHealth Technologies, Inc. /quotes/comstock/11k!vhgi (VHGI 0.17, -0.01, -5.56%) confirmed that VHGI Gold, its wholly owned operating subsidiary, has given formal notice that it intends to accept the lease assignment for the Treasure Gulch Group mines and initiate ore sampling on-site within 30 days as Phase I of their gold production plan. Additionally, VHGI Gold released initial details concerning Phases II & III of its plans to target the $50,000,000 in estimated gold reserves for processing.
Gold Lease Detail Clarification
"I would like to take this opportunity to clarify what the Lease-Purchase Option is and what it means to VHGI shareholders. Our lease rights through 2013 carry no royalty provisions or profit sharing requirements, and we have right to all the gold that we produce through 2013. Pursuant to the purchase option clause, if we purchase the property prior to February 2013 then we will of course own it free and clear. VHGI fully intends to purchase the property as early as later this year, subject to financing; if we do not purchase the property we have renewal options after 2013 that allow for annual renewal through 2023 with some revenue sharing."
"We have formally notified the prior lease holder of our intent to accept the lease assignment and have negotiated full equity and cash payments with them. Payments for the lease extension to the property owner have been completed for the period through 2012, and we have negotiated an extension through February 15, 2013 for VHGI Gold to conduct gold mining operations," stated Jim Renfro, President of VHGI.
Phase I Testing
Over the next few weeks VHGI intends to initiate Phase I of our Gold Production Plan at Treasure Gulch. 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. Both options could potentially produce first gold in 30 to 60 days on a laboratory scale. Supervision of this work has already been contracted for by VHGI Gold.
Phases II & III Gold Production
"The next step is for VHGI to construct a small 'pre-production' facility complete with a small test plant facility as we evaluate how quickly we can complete a 'full-scale' 6 ton per hour hard rock processing facility to implement full production," continued Renfro. "We are presently evaluating 12 month pro-forma financial models that show us to be cash flow positive within 120 days of commencing operations with first year revenues of $4.7 million and earnings of $3.4 million; second year revenues and income are forecast higher as the bulk of the expenses come from the initial construction costs."
In a related note VHGI said they hope to release details confirming VHGI Gold management appointments within the coming weeks.
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:
VirtualHealth Technologies, Inc. and VHGI Gold, LLC cautions investors that none of the information concerning the valuations of mineral deposits or other data reported above has been verified by outside geologists or other verifiable sources beyond representations made to VHGI which ultimately came from the owner of the subject property and their associates. The United States SEC permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filings with the SEC.
Under The Private Securities Litigation Reform Act of 1995:
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 are "forward-looking statements," within the meaning of 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 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 and uncertainties detailed in the Company's SEC filings. 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 859-514-6982
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VHGI System Tray Notifier: The VHGI System Tray Notifier (STN) is an application that will help keep you up to date on the latest VHGI news and stock reports. It also links back to the website for product information. The VHGI STN works by auto installing to the system tray of your desktop and popping up periodic messages that you may click on for more information.
The STN is simple to use and highly configurable. You may choose how you would like your messages displayed: either with a pop-up window or with the cube, which is an animated cube that floats on your desktop. Clicking on a cube face will direct you to the appropriate location.
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DIVISION OF VGHI: SECURE e-HEALTH, LLC, provides a suite of companion products to the health care community that can either replace or greatly enhance any existing platform. Through a series of unique applications Secure eHealth gives healthcare providers the ability to collaborate with one another like never before by providing access to their most critical and confidential information, quickly and securely. Secure eHealth's applications can be seen in a wide spectrum of use throughout healthcare from private practices sharing patient information to use in clinical trials and disease management. With a secure and trusted network, anything is possible. )
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Division of VHGI: SECURE e-HEALTH, LLC, provides a suite of companion products to the health care community that can either replace or greatly enhance any existing platform. Through a series of unique applications Secure eHealth gives healthcare providers the ability to collaborate with one another like never before by providing access to their most critical and confidential information, quickly and securely. Secure eHealth's applications can be seen in a wide spectrum of use throughout healthcare from private practices sharing patient information to use in clinical trials and disease management. With a secure and trusted network, anything is possible.
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Division of VHGI: Making Real Time Prescription Drug Monitoring a Reality
Veriscrip provides a turnkey solution for state regulatory authorities to move their current manual and paper-based processes for the monitoring of controlled substance prescription drugs to a real time electronic platform where they have access to current information instead of reports on retrospective data. It was created by a team with more than 50 years of combined health care systems experience. It is the only real time system sanctioned and compensated by a state regulatory agency in the U.S.. Veriscrip is the integration of best-of-breed components, resulting in a practical, security-based system that is easy-to-use and that provides immediate results.
Single Focus
Unlike many potential competitors, Veriscrip™ has one focus, which is the provision of prescription compliance solutions to regulatory agencies. By maintaining a simple focus we maximize our resources and are capable of tailoring our solutions to meet the growing and changing requirements in this developing market.
First to Market
Veriscrip's pilot project in Kentucky was the first state-backed real time electronic scheduled prescription drug monitoring and prescribing project in the United States. This unique experience provided the Company with an unprecedented opportunity to work directly with regulators and state government to fine tune our overall product offering, and to provide an exceptional advantage to other states interested in upgrading their existing retrospective programs to a real-time system.
Unique Model
Veriscrip has exclusive security-based connectivity and connects with state-of-the-art e-prescribing platforms. Part of our uniqueness is our patent-pending security and identity management system. Transactions are monitored, audited and traceable throughout the entire process from the generation of the prescription to the filling at the pharmacy and delivery to a patient.
Benefits of the Veriscrip™ Solution
Regulatory Agencies benefit from true real-time data for monitoring controlled substance prescription drugs - not just real-time access to retrospective data that is sometimes weeks old. We understand that investigation and enforcement are only as effective as the data they rely on and as a result we provide essential information when it is most needed - as events happen.
Prescribers are provided reliable information on the drugs they prescribe as well as controlled access to the history of their patients, potentially avoiding costly and sometimes catastrophic results. Increased decision support means increased production and for any practitioner that means more time focusing on their patients.
Pharmacies have a greater sense of confidence when filling prescriptions through Veriscrip because they can be assured that the integrity of that transaction has not been compromised anywhere in the process and that the transmission of that data surpasses today's privacy requirements.
Health Care Networks and Communities benefit from Veriscrip's use of e-prescribing platforms. This supports current initiatives to enable health information networks between all providers, patients and insurers as they migrate towards EMR integration. In addition to using e-prescribing to comply with controlled substance prescription monitoring programs, they will also be able to use it for all prescriptions, supporting EMR initiatives.
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VHGI GOLD Completes Lease Payment through 2013 for Treasure Gulch Gold Mine
PR Newswire "US Press Releases " LEXINGTON, Ky., Feb. 24 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) confirmed today that VHGI Gold, LLC, its wholly-owned operating subsidiary, has extended its Lease-Purchase Option through 2013 with Western Sierra Mining Corp, Inc. relative to the Treasure Gulch Gold Mine.
"We continue to move swiftly through Phase 1 Testing and inch closer towards gold production. Once started this effort is expected to increase our revenues dramatically," stated Jim Renfro, VHGI President. ÂÂ
Scott Haire, VHGI CEO was quoted as saying, "Having had the opportunity to work closely with Western Sierra, we have made the decision to move forward with evaluating additional mining opportunities with them." Haire continues, "We feel that the timing is right for VHGI to expand its footprint in the gold market and that Western Sierra has several very attractive opportunities that will bring tremendous shareholder value and demonstrate potential revenue growth on a massive scale."
"There are several mines in Arizona with the potential of producing millions of ounces of gold, the opportunities are bountiful because more areas are being discovered that produce more reserves than the previous," stated Renfro. "There are over 5 mines that Western Sierra presently has available that we are interested in exploring with each mine having the possibility of producing in excess of 300,000 ounces of gold. We do realize however that the key to any successful gold mining ventures are the locations. Our goal is to be in production and generating revenues by the second quarter of 2010," continued Renfro. ÂÂ
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 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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VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals / Energy Resources Markets. The company has achieved significant developments and operating revenues from their various Healthcare Technology operating divisions, and is evaluating options to maximize shareholder return from this segment of the company's business holdings.
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VHGI intends to increase our revenue stream without adding significantly to our fixed costs through corporate involvement with different performance-based sectors of the economy through VHGI Gold. VHGI has historical operations within the Gold Mining and Ore Processing Technology industries which we intend to make use of; we believe that by leveraging the company's current financial structure and operating history we are poised to significantly enhance shareholder value. However, our expansion within this industry will be through a conservative approach that minimizes the risks and looks to maximize the returns for our shareholders.
Posts: 809 | From: florida | Registered: Dec 2008
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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.
Posts: 809 | From: florida | Registered: Dec 2008
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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.
Posts: 809 | From: florida | Registered: Dec 2008
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VHGI's VirtualHealth divisions are committed to being the leader in the development and distribution of next generation solutions that connect healthcare providers to the rest of their community securely and efficiently. We accomplish this with technology that allows each person to grant private access to all or selected parts of their confidential personal information to doctors, family members, researchers and others based on their particular needs and interests. Our people, technology platform, and applications we build are dedicated to empowering individuals to improve the care they receive, accelerate the discovery of new treatments for diseases and chronic illnesses that affect them or others they care about, and reduce health care costs for their families and the nation.VirtualHealth's foundation is based on years of experience in providing highly sophisticated technology solutions to its existing medical customers and has branched out to include the pharmaceutical industry, as well as State and Federal Regulatory Agencies. VirtualHealth Technologies, Inc is headquartered in Lexington, Kentucky, with offices in Texas, Georgia and Florida.
Posts: 809 | From: florida | Registered: Dec 2008
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VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals / Energy Resources Markets.
The Company is in the process of potentially divesting its healthcare portfolio while retaining royalty interests. The divesture would help to create an additional revenue source without further investment, as well as offer a potential stock dividend for VHGI shareholders of Wound Management Technologies, Inc. stock. Under the current capitalization structure it would equate to roughly 8 shares of WNDM for every 100 shares of VHGI owned by our shareholders. VHGI intends to distribute the WNDM stock to its shareholders as a dividend in 2010, subject to completion and effectiveness of a re-sale registration statement. WNDM closed at $2.00 per share on 12/7/09 and VHGI closed at $0.20 per share on 12/1/09.
VHGI has created a new subsidiary called VHGI Gold to enter into the gold market. VHGI Gold has acquired a Lease-Purchase Option for the Treasure Gulch Gold Mine and successfully negotiated an extension through February 15, 2013 for conducting gold mining activities. The Company has also secured renewal options through 2023.
VHGI Gold has also been granted a reduction in the strike price for the outright acquisition of the property within six months. The Company is currently conducting due diligence and feasibility studies for this property and expects to pursue the transaction on successful initial results.
At an average price of $1200/oz Au (Gold), the total calculated gross recoverable value is estimated at $55.0 million. Assuming a recovery rate of 92% (typical for a hard rock recovery operation) the extractable value would be worth $50.6 million.
Although Gold is selling at 25 year high prices and Oil and Gas prices continue to be trading at significant premiums, global economic events have created significant opportunities within these markets. VHGI intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures for the goal of enhanced shareholder value.
The Company intends to send surface ore deposits to an analytical laboratory to determine the best possible gold extraction methodology. Alternatively, 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 could be undertaken. Both options could potentially produce first gold in 30 to 60 days on a laboratory scale.
Smaller production efforts could support a profit orientated enterprise. VHGI could potentially find commercial success in the development of the ore reserves at depth and on strike.
The price outlook for Gold is very attractive and most banks have raised their estimates for the metal. JPMorgan Chase & Co. estimated that gold will average $1,006 an ounce in 2010, compared with an earlier projection of $950. Deutsche Bank AG forecast an average of $1,150 reflecting a 32% increase from its prior estimate (in July). Barclays Capital projections are close to $1,500 per ounce.
Risks: Access to capital, quick global recovery, and management's execution of its business plan.
Posts: 428 | From: Michigan | Registered: Oct 2009
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LOCATION The properties are situated in the Hassayampa Mining District of Arizona, approximately 10 miles south of Prescott. Access is via improved County and National Forest dirt road. Specifically, the claim group lies in T12.5 N., Range 2W, sections 30 &31. The mine is part of a much larger parcel of property which includes eight mining claims in the Bradshaw Mountains of Arizona.
PROPERTY HISTORY: Previous mining activity has included limited underground development by several adits and 2 shafts. Old workings clearly indicate that all mining activity was concentrated on strictly hi-grade or what is commonly referred to as "pocket mining". The extent of production is unknown but does appear to be more than a few hundred tons of ore.
Posts: 428 | From: Michigan | Registered: Oct 2009
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The extent of production is unknown but does appear to be more than a few hundred tons of ore. How many troy ounces at $1000.00 and ounce
Posts: 195 | From: Florida | Registered: Feb 2010
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VHGI NEWS:Monday, March 01 2010 8:57 AM, EST
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
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