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VirtualHealth Technologies, Inc. Receives Payment According to Terms of Investment in Private Access, Inc., Modifies Documents.

Publication: PR Newswire
Publication Date: 17-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LEXINGTON, Ky., Aug. 17 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (BULLETIN BOARD: VHGI) announced it has received a payment of $100,000 for interest and restructuring fees under the terms of its January 15, 2009 loan restructuring with Private Access, Inc. Concurrently with the receipt of the payment, VHGI agreed to revise the terms of its $1,500,000 note with Private Access to extend the maturity date from January 15, 2011 until July 31, 2013. The revised note also includes an enhanced conversion premium in the event that the note is converted to...

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