As Healthcare Spending is Predicted to Exceed 4 Trillion in Less Than 10 Years, Technology will be Called upon to Stem the Tide

LEXINGTON, Ky., Feb. 28 - VirtualHealth
Technologies, Inc. (OTC 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.

SOURCE VirtualHealth Technologies, Inc.