ValueRich Fails to File Timely 10-Q

ValueRich, Inc. (NYSE Amex: IVA) (the “Company”) announced today the failure to timely file its Form 10-Q for the period ending September 30, 2010. The late filing is a material violation of the company's listing agreement with the NYSE Amex (the “Exchange”). The company plans on providing supplemental information to the Exchange to update it on how the company intends to regain compliance as soon as possible.

The Company was not able to complete the preparation of the financial statements and certain related information required to be included in the Form 10-Q, and therefore was not able to timely file the Form 10-Q, due to the change in the company's independent registered public accounting firm as disclosed in the company's Form 8-K previously filed. The company's newly appointed auditors need sufficient time to complete their review procedures for the quarter ended September 30, 2010. Until the company is able to complete the preparation and review of the financial statements, and related disclosures, and the newly appointed auditors are able to complete their review procedures for the quarter ended September 30, 2010, the company is not in a position to file the Form 10-Q. The company intends to file the Form 10-Q as soon as practicable, currently expected by no later than December 22, 2010, however, no assurances can be given as to when the Form 10-Q will ultimately be filed.

During the quarter ended September 30, 2010, the Company did not earn any revenues, incurred operating expenses of $221,646 and had a net loss of $233,488. As of September 30, 2010, the Company had cash of $168,808 a working capital deficit of approximately $9,000, and net equity of $1,885,958.

About ValueRich, Inc.

ValueRich is engaged in the Investment, development and management of real estate assets located in Port St. Lucie, Florida. In early January of 2010 ValueRich and its wholly owned subsidiaries acquired Tesoro Preserve Development assets located in Port St. Lucie, Florida.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.

The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, statements regarding our ability to engage in future real estate purchases. All forward-looking statements in this press release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. Changing markets and various factors could make it more difficult to purchase property at favorable prices and the risk factors discussed in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.

Valuerich, (AMEX:IVA)
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