VRX Worldwide Reports 2012 First Quarter Results

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




Summary of Quarterly Results (Unaudited)                                    
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                     2012 Q1     2011 Q4     2011 Q3     2011 Q2     2011 Q1
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Total revenue     $  633,659  $  682,426  $  803,124  $  850,559  $  907,477
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Gross profit      $  370,958  $  326,538  $  353,381  $  542,698  $  622,413
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EBITDA            $   (6,884) $ (147,374) $ (113,280) $ (214,904) $  108,828
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Net income        $  (87,808) $ (241,968) $ (134,108) $ (262,732) $   19,623
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Earnings per                                                                
 share            $   (0.003) $   (0.007) $   (0.004) $   (0.008) $    0.001
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Total assets      $1,125,440  $1,107,431  $1,364,336  $1,256,446  $1,535,032
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Total revenue for the first quarter of 2012 decreased $48,767 (7%) from the
fourth quarter of 2011 and $273,818 (30%) from the first quarter of 2011. The
decrease in revenue is due to the effects of the global downturn, the successful
completion of a long-term licensing contract, normal seasonal trends and a
weaker US dollar.


"Our first quarter revenue reflected the prolonged weakness of the global
economy and the seasonal low that we usually experience at this time of year,
however, as the year continues we've noticed that both our large and small
hospitality clients are starting to relax, and in many cases increase, their
marketing budgets for the remainder of 2012 and 2013," commented David MacLaren,
President and CEO of VRX Worldwide. "As we head into our peak production season,
our scheduling and photography teams are feeling these changes first hand."


"On the MediaValet front, we continue to add new features to our industry
leading digital asset management system and to gain market share in North
America, Europe and Asia/Pacific," continued MacLaren.


Subsequent to the end of the first quarter, VRX Worldwide announced a
non-brokered private placement offering of up to $250,000 of convertible
subordinated debentures. The net proceeds of the debentures will be used to
finance ongoing sales, marketing, support and development activities related to
MediaValet, and for general working capital requirements. See press release of
May 23, 2012 for further details.


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.

David MacLaren, CEO
(TSXV:VRW)
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