Vicor Technologies, Inc. fka VCRTQ

[Rustler]

VCRT EXECUTIVE'S INSIGHT REGARDING KEY COMPANY CHANGES...

Dear Mr. Rustler:

Please excuse my delay in writing back to you. As you can imagine, I am very very busy at the moment. Vicor has crashed on the rocks under the guidance of David Fater, CEO. In July the Board began a process of replacing him without jeopardizing the company further. He has more or less been blackmailing us constantly by his devious control of all of the paperwork and SEC reporting documents and so forth. The transition is now almost complete and I, as Interim Chairman and CEO, am trying to gather the reins and redirect Vicor into profitability.

The major failure of David Fater was his inexperience and arrogance in sales of a new medical technology. By the time the Board got the complete story from him about his sales model and what he was doing, it was almost too late--- the crash on the rocks had already begun! Today, after 6 months of the Board trying to raise capital with a large debt load (first described by Fater as being $3-million), we find finally that the real debt is more like $11-million and that that is why any capital resource has always shyed away from putting money into a sinking ship.

We now have a new plan that, with only a small amount of capital, will enable Vicor to restart sales and earn its way out of this mess. We are working with our largest shareholder and debt-holder on just how to do this. We have a new plan in mind that we believe will work, but it is contingent upon shareholders and debtholders working with us and waiting for new results. We already have several new things to announce, but first we must get right with the SEC reporting, the auditors, and some of the larger debtholders before we can begin.

Please be patient with us. We will soon publically announce our new plans along with some good news that I am not at liberty to disclose in private. Your query is not singular on your part, but be assurred we will soon make the public announcements and all be on the same page. Please give us another few days/weeks to do this - we are all very busy and working hard for you, the shareholders.

Sincerely yours,

James E Skinner, PhD
Founder, Interim Chairman and CEO
Vicor Technologies, Inc.
399 Autumn Drive
Bangor, PA 18013
Phone: [phone]
Cell: 610-216-9800
Email: [e-mail]
Website: www.vicortech.com
February 22, 2012