VRX Worldwide Reports 2013 Annual Results

VRX Worldwide Inc. (TSX VENTURE:VRW) - 



--  VRX Studios' broadening service offerings and strengthening global
    markets drive 15% increase in Service Revenue 
--  MediaValet's Revenue Increases 172% with new customers in agriculture,
    healthcare, education, manufacturing, transportation, sports and
    recreation, tourism, and consumer products 
--  Investment and momentum increases with $525,000 Equity Raise in the 4th
    Quarter 



VRX Worldwide Inc., a global provider of content production and cloud-based
digital asset management services, is pleased to report it's annual and fourth
quarter results for 2013.




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                                    2013           2012         2011 
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Total revenue               $  3,523,865  $   3,213,772 $  3,243,586 
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Gross profit                $  1,782,394  $   1,783,237 $  1,845,030 
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EBITDA                      $     67,582  $     309,553 $   (366,730)
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Net income (loss)           $   (425,473) $      13,057 $   (619,185)
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Earnings (loss) per share   $      (0.01) $        0.00 $      (0.02)
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Total assets                $  1,855,175  $   1,618,141 $  1,107,431 
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Summary of Quarterly Results (Unaudited)                                    
                                                                            
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                 2013 Q4      2013 Q3      2013 Q2      2013 Q1      2012 Q4
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Total                                                                       
 revenue     $   931,275  $   944,220  $   915,841  $   732,529  $   875,553
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Gross profit $   459,131  $   473,681  $   457,887  $   391,695  $   497,568
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EBITDA       $   (74,078) $    64,964  $    59,495  $    17,201  $   106,593
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Net income   $  (234,259) $   (54,116) $   (58,978) $   (78,120) $    53,335
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Earnings per                                                                
 share       $     (0.01) $      0.00  $      0.00  $      0.00  $      0.00
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Total assets $ 1,855,175  $ 1,753,169  $ 1,725,068  $ 1,594,014  $ 1,618,141
----------------------------------------------------------------------------



Total revenue increased 9.6% year over year and 6.4% quarter over quarter due to
VRX Studios' strengthening client base, it's broadening service offering, and
MediaValet's growing licensing stream. Gross profit, EBTIDA and net income
decreased over both time frames due to increased investment in operations, sales
and marketing, research and development, and corporate development activities;
and higher financing costs.


"Throughout 2013 we invested in the foundation of our business, successfully
growing several new service offerings, nurturing a new brand, and attracting new
investors who share our vision for the future," commented David MacLaren,
President and CEO of VRX Worldwide. "With the ongoing improvement in the global
economy, demand from VRX Studios' 13,000 hotel customers continued to
strengthen, our new service initiatives generated higher returns, and version
2.0 of MediaValet helped us land many new customers in a variety of industries
across North America, Europe, the Middle East and Asia." 


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 its wholly owned brands, MediaValet(TM) and VRX Studios(TM), VRX
Worldwide delivers cloud-based digital asset management and global content
production services to many of the world's leading manufacturing, healthcare,
resource, high-tech, agricultural, consulting, consumer, travel and hospitality
brands.


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."


Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address events or developments that VRX Worldwide Inc. (the
"Company") expects to occur, are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results may differ
materially from those in the forward-looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking
statements include regulatory actions, market prices, exploitation and
exploration successes, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements
are made. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should
change.


FOR FURTHER INFORMATION PLEASE CONTACT: 
VRX Worldwide Inc.
Investor & Public Relations
888.605.0059
info@vrxworldwide.com
www.vrxworldwide.com
(TSXV:VRW)
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