VRW

VRX Worldwide Inc. (TSX VENTURE:VRW), a global provider of photography, content
hosting, distribution and licensing, and cloud-based digital asset management
services (DAMS), is pleased to report its second quarter results for 2012. 




Summary of Quarterly Results (Unaudited)                                    
                                                                            
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                    2012 Q2     2012 Q1     2011 Q4     2011 Q3     2011 Q2 
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Total revenue    $  780,772  $  633,659  $  682,426  $  803,124  $  850,559 
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Gross profit     $  428,796  $  370,958  $  326,538  $  353,381  $  542,698 
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EBITDA           $   53,586  $   (6,884) $ (147,374) $ (113,280) $ (214,904)
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Net loss         $   (8,658) $  (87,808) $ (241,968) $ (134,108) $ (262,732)
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Earnings per                                                                
 share           $   (0.000) $   (0.003) $   (0.007) $   (0.004) $   (0.008)
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Total assets     $1,266,843  $1,125,440  $1,107,431  $1,364,336  $1,256,446 
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Total revenue for the second quarter of 2012 increased $147,113 (23%) from the
first quarter of 2012 and decreased $69,787 (8%) over the second quarter of
2011. The sequential increase in revenue is due to many of VRX's hotel clients
increasing their marketing budgets coming into the summer months; whereas, the
year-over-year decrease is due to the completion of two long-term licensing
contracts.


"Although we continue to face challenges caused by the global economic climate,
we've seen a marked increase in marketing spend by hotels throughout the US,
Western Europe and Asia since the beginning of the second quarter," commented
David MacLaren, President and CEO of VRX Worldwide. "Our existing client base
has actively begun updating the coverage of their properties and we continue to
win new corporate contracts with three, four and five star hotel brands
globally." 


"On the MediaValet front, we continue to see demand for cloud-based digital
asset management services increase month-over-month. Being first to market with
a 100% cloud-based product was a huge advantage for us and we continue to invest
in new features to broaden our target markets. Today, we have customers in a
wide variety of industries across North America, Europe, Asia and Oceania. With
demand increasing and the MediaValet brand becoming synonymous with cloud-based
digital asset management services, we're confident we're on the right path,"
continued MacLaren. 


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


VRX Worldwide Inc. 

per David MacLaren, CEO

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