VRX Reports 2011 Third Quarter Results

VRX Worldwide Inc. (TSX VENTURE:VRW), a leading provider of content production,
distribution, licensing and digital asset management services, reports it's
financial results for the nine months ended September 30, 2011. 


Summary of Quarterly Results (Post-Provision)(Unaudited)



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                     2011 Q3     2011 Q2     2011 Q1     2010 Q4     2010 Q3
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Total revenue    $   803,124 $   850,559 $   907,477 $   917,190 $ 1,008,181
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Gross profit     $   353,381 $   542,698 $   622,413 $   556,395 $   613,210
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EBITDA           $ (113,280) $ (214,904) $   108,828 $    99,150 $   173,448
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Net income       $ (134,108) $ (262,732) $    19,623 $    15,140 $    80,978
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Earnings per                                                                
 share           $   (0.004) $   (0.008) $     0.001 $     0.000 $     0.002
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Total assets     $ 1,364,336 $ 1,256,446 $ 1,535,032 $ 1,251,438 $ 1,395,468
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Total revenue for the third quarter of 2011 decreased $47,435 (6%) from the
second quarter of 2011 and $205,057 (20%) from the third quarter of 2010. The
decrease in revenue between quarters was primarily a result of a decline in
overall production services and in the mix of production services delivered.


"The prolonged downturn of the global economy continues to weigh heavily on our
content services business as hospitality companies in the US and Europe remain
hesitant to launch new large scale photography initiatives. During downturns,
our customer base - now over 10,000 hotels - maintains a base level of
production services throughout each year to keep their content current,"
commented David MacLaren, President and CEO of VRX Worldwide Inc. "This base
production level is the core of our business and maintains us through the ups
and downs of the hospitality and travel industries."


"On the digital asset management side of our business, the downturn isn't
affecting the broad demand that we're experiencing for MediaValet. Companies
from a wide spectrum of industries in the US, Europe and APAC are actively
looking for ways to reduce their media management costs and leverage their
digital assets. In addition to this demand, we continue to receive strong
coverage in the press and tonight we're attending Microsoft's 2011 IMPACT Awards
in Toronto as a finalist for the Windows Azure Platform ISV Partner of the Year
award." 


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 

Through a decade of growth, innovation and an unwavering commitment to quality,
consistency and customer service, VRX is one of the world's leading providers of
content production, distribution, licensing and digital asset management
services. To find out more about VRX, its products and services, visit
www.vrxstudios.com, www.mediavalet.co and www.vrxworldwide.com.


VRX Worldwide Inc.

David MacLaren, CEO

(TSXV:VRW)
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