FORT LAUDERDALE, Fla., July 7 /PRNewswire-FirstCall/ -- VHGI Holdings (OTC Bulletin Board: VHGI) announced earlier today it has initiated its Asian presence by opening a branch office in Hong Kong (SAR). The office will represent all of VHGI Holdings wholly owned subsidiaries including the Energy and Precious Metal groups and will support the Company's expansion plans into both South East Asia and the Middle East.

During a recent ten day round of discussions with the investment community in Hong Kong a company consultant was able to gain great interest in VHGI Holdings', Gold (precious metals) Mining projects located in Arizona, U.S.A. as many funds in the Asian markets hold these projects as a major priority.

VHGI's president, Jim Renfro, states, "I am absolutely thrilled by the fantastic reception we've received in Hong Kong. This new visibility has already allowed us the opportunity to initiate many new friendships both in a business sense and as citizens of the new Global Society. The Company's consultants and I are enthusiastically reviewing initial business ventures to expand our Gold and Energy Markets."

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

SOURCE VHGI Holdings, Inc.