LEXINGTON, Ky., April 26 /PRNewswire-FirstCall/ -- VHGI Holdings, Inc. (OTC Bulletin Board: VHGI) announced today that it has filed its 10-K which includes its annual financial statements. The company will publish these financial statements on its web site www.vhgiholdings.com within the next few weeks and will be made available for download.

According to Jim Renfro, VHGI President, "This company has taken aggressive and significant steps through fiscal 2009 and first quarter 2010 to concentrate on our business plan and our core beliefs to produce a 32% reduction in current liabilities from $3,701,171.00 in 2008 to $2,549,278.00 in 2009. With the guidance of the current board of directors, our strategic direction now more closely resembles that of a holding company."

The strategy going forward is to add to the company holdings through a series of planned acquisitions of oil and natural gas projects, as well as multiple lease holdings containing proven precious metal reserves. Renfro continued, "It is the goal of the company to realize royalty revenue from these projects in 2010, thus increasing profits and continuing to reduce debt."

VHGI will be providing additional updates on recent acquisitions through the company website as well as through future news releases. The company is also planning a town hall meeting to update and advise shareholders of our progress and an overview of our corporate strategies going forward.

About VHGI Holdings, Inc.

VHGI Holdings, Inc. is a diverse company with assets and interests focusing on Precious Metals Markets (www.vhgigold.com ), and oil and natural gas (www.vhgienergy.com), both wholly owned subsidiaries of VHGI Holdings, Inc. VHGI Holdings, Inc. has recently initiated steps to leverage the company's operating history and corporate resources within these industries and intends to pursue these opportunities through, acquisitions and joint ventures. Investors are invited to obtain information concerning our operations at (www.vhgiholdings.com) or by calling Investor Relations at 561-515-6035 or emailing info@vhgiholdings.com.

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.