VRW

VRX Worldwide Inc. (TSX VENTURE:VRW) - 



--  Profit Trend Continues with 9th Consecutive Profitable Quarter 
--  Product Offering Expanded with Launch of First 100% Cloud-based DAMS:
    MediaValet(TM)
--  $250,000 Debenture Extended for an additional 3 Year Term
--  $300,000 Credit Facility Secured



VRX Worldwide Inc. the world's leading provider of content production,
management and licensing services to the global travel and hospitality
industries is pleased to report its 2010 annual and fourth quarter results. 


Summary of Annual Results (Audited)



--------------------------------------------------------------
                                  2010        2009        2008
--------------------------------------------------------------
Total revenue               $4,029,647  $6,029,968  $4,413,632
--------------------------------------------------------------
Gross profit                $2,542,002  $3,484,797  $2,047,275
--------------------------------------------------------------
EBITDA                      $  591,719  $1,231,745  $ (103,105)
--------------------------------------------------------------
Net income (loss)           $  275,008  $  982,526  $ (588,415)
--------------------------------------------------------------
Earnings (loss) per share   $     0.01  $     0.03  $    (0.02)
--------------------------------------------------------------
Total assets                $1,251,438  $1,382,428  $  860,659
--------------------------------------------------------------



Summary of Quarterly Results (Unaudited)



----------------------------------------------------------------------------
                     2010 Q4     2010 Q3     2010 Q2     2010 Q1     2009 Q4
----------------------------------------------------------------------------
Total revenue     $  917,190  $1,008,181 $ 1,027,718 $ 1,076,558 $ 1,304,424
----------------------------------------------------------------------------
Gross profit      $  556,395  $  613,210 $  647,677  $   728,520 $   725,525
----------------------------------------------------------------------------
EBITDA            $   99,150  $  173,448 $  160,476  $   158,645 $   123,777
----------------------------------------------------------------------------
Net income            15,140  $   80,978 $   91,168  $    87,722 $    42,673
----------------------------------------------------------------------------
Earnings per
 share            $    0.000  $    0.002 $    0.003  $     0.003 $     0.001
----------------------------------------------------------------------------
Total assets      $1,251,438  $1,395,468 $1,310,939  $ 1,326,653 $ 1,382,428
----------------------------------------------------------------------------



For the year ended December 31, 2010, net income was $275,008, or one cent per
share, on revenue of $4,029,647 compared to net income of $982,526, or three
cents per share, on revenue of $6,029,968, for fiscal 2009. The decrease in
revenue and profitability is due to the effects of the prolonged global downturn
and a weaker US dollar.


For the three month period ended December 31, 2010, net income was $15,140 or
1/10 of a cent per share, on revenue of $917,190 compared to net income of
$42,673, or 1/10 of a cent per share, on revenue of $1,304,424 for the final
quarter of 2009. The decrease in profitability over previous quarters is
primarily due to an increased provision for doubtful accounts.


"We are very pleased to announce another profitable year and quarter during
these challenging economic times," commented David MacLaren, President and CEO
of VRX. "2010 was a difficult yet very exciting year as we continued to refine
our cost structure, improve our financial flexibility and expand our service
offering and markets with the launch of MediaValet(TM) - the world's first 100%
cloud-based digital asset management system." 


The full financial statements and related MD&A are now available on the
Company's website (www.vrxworldwide.com) and on SEDAR (www.sedar.com).


ABOUT VRX STUDIOS

Through a decade of growth, innovation and an unwavering commitment to quality,
consistency and customer service, VRX Studios remains the world's leading
provider of content production, management and licensing services to the global
travel and hospitality industries. Through our comprehensive suite of products,
covering Architectural, Destination, Food and Beverage and Lifestyle
Photography, Content Management, Distribution, and Licensing, we help travel and
hospitality companies capture and showcase their brands to the world - making
people take notice. To find out more about VRX Studios, its products and
services, visit www.vrxstudios.com and www.mediavalet.co.


VRX Studios Inc., is a wholly owned subsidiary of VRX Worldwide Inc. (TSX
VENTURE:VRW) (www.vrxworldwide.com).


VRX Worldwide Inc. 

David MacLaren, CEO

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