Equity Technologies & Resources (fka ETCR)

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VirtualHealth Technologies, Inc., Announces Restructuring of Company, New Board Members
2:19 PM EDT September 6, 2006
VirtualHealth Technologies, Inc. (Pink Sheets: VHGI) (f/k/a Equity Technologies & Resources, Inc.), Chairman of the Board and Chief Executive Officer, Scott A. Haire announced today that the Stock Exchange Agreement entered into July 20, 2006 between Equity Technologies and HEB, LLC and its subsidiary MB Holding Corporation (owner of VPS Holding, LLC and Envoii Healthcare, LLC), was consummated August 25, 2006. Several actions have been implemented, including:

- Changing the company name to VirtualHealth Technologies, Inc. and a new trading symbol - VHGI - Implementing a 1 for 100 Reverse Stock Split - The resignation of the former Directors and Officers - The election of a new Board of Directors and Officer, Scott A. Haire, elected Chairman and Chief Executive Officer and Deborah Jenkins elected to the Board. (brief bios furnished below)

Mr. Haire explained that "the new name more appropriately reflects our business model - concentrating in the healthcare industry utilizing the internet with emphasis on our Envoii Healthcare security system within the virtual world."

Mr. Haire, in discussing the resignation of the former Chairman of the Board, James Arch, and the former President and CEO, James K. Millard, stated, "In accepting their resignations, I thanked Mr. Arch for all of his years associated with the company and for his persistence to see that the company developed a model for success." Mr. Haire continued, "Both Ms. Jenkins and I thanked Mr. Millard for his diligent efforts to see that the company's involvement with the Pilot project for Kentucky's prescription drug monitoring program was successful and for his enthusiasm to assist with the overall development of Veriscrip while carrying out the plans for the ongoing business of VirtualHealth Technologies, Inc." Mr. Haire further stated, "Both Mr. Arch and Mr. Millard should be recognized for their loyalty to this company and its shareholders."

Scott A. Haire is also Chairman of the Board, President & CEO of MB Software Corporation, a company focused on developing and marketing products for the advanced wound care market. MB Software shares are traded on the OTC. Previously, Mr. Haire was president of Preferred Payment Systems, a company specializing in electronic claims and insurance system related projects. Mr. Haire earned a BS in Accounting from the University of Kentucky in 1987, where he was recognized as Academic All-Southeastern Conference for Football.

Deborah Jenkins, Director, is Managing Member and Principal Consultant of Cognitive Communications, LLC, a Business Consulting company. Ms Jenkins was the lead consultant for VPS Holding, LLC in developing the consortium that led to the success of the Kentucky Pilot Project; she is President and a Founding Member of RetroMedx, LLC a skin care and personal care products company. She has served as Special Consultant to Health Office India for strategy, development and operations assistance for work with US clients in medical transcription and coding services. Prior to serving in these capacities, she was President of pH Solutions, Ltd, the patent licensee of "safe acids" used in cosmetics, water purification, agriculture, pharmaceutical and many other industries. Prior to that she served in an executive management capacity primarily in technology and healthcare technology companies. She has served on many national and international trade association's boards including the Intel Internet Health Board of Advisors, the American National Standards Institute Health Informatics Standards Board (ANSI HISB) - representing the Health Industry Business Communications Council (HIBCC), and the American Society for Automation in Pharmacy (ASAP) where she also served as President and Secretary of the Board. Ms. Jenkins earned a BA degree in English from Texas Christian University in 1980.

Ms. Jenkins noted, "With VirtualHealth now owning both VPS and Envoii Healthcare, the entities that helped make the Kentucky pilot project system happen, great things are on the horizon for this company." She added, "Remember, Veriscrip was the first, and to our knowledge, the only prescription drug monitoring project in real-time in the United States".

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 it's wholly owned subsidiaries Verified Prescription Safeguards, Inc., VPS Holding, LLC, Envoii Healthcare, LLC 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.

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