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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
VRX Worldwide Reports 2012 Third Quarter Results
-- VRX Returns to Profitability with Strongest Quarterly Service Revenue Since the Fourth Quarter of 2009

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/28/12 -- VRX Worldwide Inc. (TSX VENTURE:VRW), a global provider of photography, content hosting, distribution and licensing, and cloud-based digital asset management services, is pleased to report it's third quarter results for 2012.

Summary of Quarterly Results (Unaudited)                                    
                     2012 Q3    2012 Q2     2012 Q1     2011 Q4     2011 Q3 
Total revenue     $  923,788 $  780,772  $  633,659  $  682,426  $  803,124 
Gross profit      $  485,915 $  428,796  $  370,958  $  326,538  $  353,381 
EBITDA            $  156,258 $   53,586  $   (6,884) $ (147,374) $ (113,280)
Net income        $   56,188 $   (8,658) $  (87,808) $ (241,968) $ (134,108)
Earnings per                                                                
 share            $    0.002 $   (0.000) $   (0.003) $   (0.007) $   (0.004)
Total assets      $1,476,084 $1,266,843  $1,125,440  $1,107,431  $1,364,336 

Total revenue for the third quarter of 2012 increased 18% ($143,016) from the second quarter of 2012 and 15% ($120,664) over the third quarter of 2011. This increase in revenue, month over month and year over year, is due to many of VRX's existing hotel clients increasing their marketing budgets in Q3 and new revenue from new customers signed in 2012.

"Over the past two years, the growth of our customer base has slowed and our existing customers have constrained their marketing budgets," commented David MacLaren, President and CEO of VRX Worldwide. "In Q3, we finally saw the end to this slowdown and constraint. As we've seen many times since VRX was founded in 2000, our uncompromising commitment to quality, consistency and customer service continues to see us through tough economic times and drive the growth of our customer base."

"On the MediaValet front, we released version 2.0 in October and have seen a great response from our customers and target markets. Today, we have customers around the world, in various industries, including manufacturing, natural resources, technology, advertising, travel & tourism, transportation, hospitality, retail and real estate. Amongst the new clients we've landed since the launch of 2.0, is our first airline and our first healthcare organization" continued MacLaren.

The full financial statements and related MD&A are now available on the Company's website ( and on SEDAR (

ABOUT VRX Worldwide Inc.

Through a decade of growth, innovation and an unwavering commitment to quality, consistency and customer service, VRX Worldwide is one of the world's leading providers of content production, management, distribution and licensing services. To find out more about VRX Worldwide, its products and services, visit, and VRX Studios Inc., is a wholly owned subsidiary of VRX Worldwide Inc. (TSX VENTURE:VRW).

VRX Worldwide Inc.

David MacLaren, CEO

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

VRX Worldwide Inc.
David MacLaren

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