SOURCE: Virtual Media Holdings, Inc.

December 16, 2008 08:31 ET

Virtual Media Holdings, Inc. Receives Recognition for Alternative Energy Solutions in Canadian News Article

VANCOUVER, BC--(Marketwire - December 16, 2008) - Virtual Media Holdings, Inc. (PINKSHEETS: VMHIF) is pleased to announce that the Company has been recognized in the Abbotsford-Mission Times for its proposed co-generation power plant in Abbotsford. The $17.5 million power plant would be used to power and heat greenhouses in the area. The Company has already signed a twenty year agreement with local greenhouse operators to provide heat and carbon dioxide.

The Company recently began to secure large quantities of bio-fuel to power its co-generation power plants. Virtual Media Holdings announced it would use Pine Beetle wood, which is wood destroyed by the Pine Beetle that must be removed from forests to eliminate the dangers of forest fires. The Company previously announced that applications are now underway for construction and approval from the Ministry of Environment. The Company will look to start the project in the near future with an expected finish date of late 2010.

"We are honored to have been recognized by the Abbotsford-Mission Times for our efforts in creating green, alternative energy sources. Once the co-generation plant is completed, the Company will begin generating additional revenue from the sale of power to B.C. Hydro," stated Jim Carroll, CEO of Virtual Media Holdings, Inc.

To view the article in its entirety, please visit: www.canada.com/abbotsfordtimes/news/community/story.html?id=0dedc06c-d104-44c6-984c-96efba24455f.

About Abbotsford-Mission Times:

The Abbotsford-Mission Times began publishing in 1984 as the Teletimes in Abbotsford and Chilliwack. Through a series of acquisitions and mergers the Times and LMP became part of the Hollinger Canadian Newspaper Limited Partnership in the spring of 1999.

About Virtual Media Holdings, Inc.:

Virtual Media Holdings, Inc. recently acquired Biomass Secure Power for the purpose of developing co-generation power plants using a variety of biomass fuels to generate green electrical power. Engineering studies have been completed, covering fuels consisting of wood waste, horse manure and chicken manure.

This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Contact Information

  • Contact:
    Investor Relations
    For Virtual Media Holdings, Inc.
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