LEXINGTON, Ky., Aug. 4 /PRNewswire-FirstCall/ -- VHGI Holdings, Inc., (OTC Bulletin Board: VHGI) announced today that its wholly-owned operating subsidiary VHGI Gold LLC, has appointed Eric Leonetti to their management team.

Mr. Leonetti will be joining the company in the capacity of Chief Operating Officer and will be seated on the Board of Directors. Mr. Leonetti has over 25 years of front line business experience ranging from B2B marketing and sales to operations and executive management. Mr. Leonetti holds a Six Sigma certificate along with ISO Auditors certifications having played a key role in the ISO certification of two companies.

Mr. Jim Renfro, VHGI Gold President stated, "We want to welcome Mr. Leonetti to VHGI Gold. Having served as the President and CEO of an OTC Pink Sheet energy development company and most recently as the principle of a consultancy assisting in the development of natural resources projects in the areas of Oil, Natural Gas, Minerals (coal and uranium) and precious metal mining (Gold and Silver) he adds a wealth to experience to our team."

Mr. Leonetti has also been involved in renewable resource business development in the area of Algae (Farming) Production for Biofuels and pharmaceuticals.

About VHGI and VHGI Gold

VHGI is a diverse company with assets and interests focusing on opportunities within the Precious Metals Markets and Energy Markets as well as some Healthcare related Assets. 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.

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.