Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Virtual Radiologic Corporation

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Virtual Radiologic Corporation (“vRad” or the “Company”) (NASDAQ:VRAD) related to the Company’s agreement to be acquired by Providence Equity Partners (“Providence”), private equity firm. The proposed transaction is valued at approximately $294 million.

Under the terms of the definitive agreement entered into by the parties, Providence will acquire all of the outstanding common stock of vRad for $17.25 per share in cash. Upon completion of the transaction, vRad will become a private company, wholly owned by Providence. The transaction is expected to be completed in the third quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by vRad’s board of directors.

If you own shares of vRad, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.