N@N

VirtualHealth Technologies: VirtualHealth Technologies, Inc. Reports 75% Gross Margin in 1st Quarter 2009, Building Financial M

_{//science-technology.news-articles.net/content/2 .. in-in-1st-quarter-2009-building-financial-m.html}
^{Published in Science and Technology on Tuesday, May 19th 2009 at 7:10 GMT, Last Modified on 2009-11-02 12:37:52 by Market Wire}  

LEXINGTON, KY--(Marketwire - May 19, 2009) - VirtualHealth Technologies, Inc. (OTCBB: [ VHGI ]) recently filed SEC Form 10-Q reporting first quarter 2009 results. The Company reported increased sales for the period compared to the same period last year. Management considers the most important aspect of the financial report to be the Company's ongoing healthy gross margin. The Company reported a 75% gross margin in the first quarter of 2009. The Company primarily generates its revenue through software licensing. The substantial gross margins provide a positive indication that the Company's business model can produce attractive future profits as software license sales expand. Management anticipates substantial new sales of its proprietary and patented software solutions within this fiscal year.

VirtualHealth has over 1500 clients and has completed government trials for the Company's next generation real-time, web-based prescription monitoring solution focused on reducing controlled substance fraud and crime. Additionally, the winner of the 2008 Hot Product TEPR award, PrivateAccess, Inc., has licensed solutions from VirtualHealth that provide security platforms to facilitate data sharing and communication.

An on-demand Corporate Overview Webcast on the Company's technology solutions for improved healthcare management, the reduction of prescription fraud and crime through real-time prescription drug monitoring, healthcare security and authentication, and practice management and electronic health records technology is available on the corporate website under Latest Headlines at [ http://www.virtualhealthtechnologies.com/news.html ].

Greenfield Program

Separately, VirtualHealth recently announced partnering with the NewMarket Technology, Inc. (PINKSHEETS: [ NMKT ]) Greenfield Program. The Greenfield program accelerates the introduction of new technologies into new markets enhancing early stage top and bottom line growth. The program is specifically designed to improve the return on investment (ROI) potential of emerging technology and emerging market business initiatives. The Company has been featured in a Webcast on the program May 7th. The Webcast is available for review here: [ http://www.newmarkettechnology.com/webcast_20090507.htm ].

About VirtualHealth Technologies, Inc.

VirtualHealth Technologies, Inc. is 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. 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. For more information, visit [ www.virtualhealthtechnologies.com ]

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, Secure eHealth, L.L.C., 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.