VRX Worldwide Reports 2014 First Quarter Results

VRX Worldwide Inc. (TSX VENTURE:VRW) - 



--  Quarterly revenue achieves highest level in 13 quarters on strong VRX
    Studios Service and MediaValet Licensing revenues 
--  VRX Studios' Service Revenue Increased 67% over the prior year with its
    new service offerings in high demand 
--  MediaValet's Licencing Revenue Increased 105% over the prior year with
    new customers in cosmetics, consumer products, and agriculture 
--  Momentum continues with $350,000 equity raise in April and increased
    investment in MediaValet division



VRX Worldwide Inc., a leading provider of cloud-based digital asset management
software and global photography, content management, and content licensing
services, is pleased to report it's first quarter results for 2014.




                                                                            
Summary of Quarterly Results (Unaudited)                                    
                                                                            
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                 2014 Q1      2013 Q4      2013 Q3      2013 Q2      2013 Q1
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Total                                                                       
 revenue     $ 1,072,348    $ 931,275    $ 944,220    $ 915,841    $ 732,529
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Gross                                                                       
 profit        $ 594,628    $ 459,131    $ 473,681    $ 457,887    $ 391,695
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EBITDA        $ (84,215)   $ (74,078)     $ 64,964     $ 59,495     $ 17,201
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Net income   $ (249,116)  $ (234,259)   $ (54,116)   $ (58,978)   $ (78,120)
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Earnings                                                                    
 per share      $ (0.01)     $ (0.01)       $ 0.00       $ 0.00       $ 0.00
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Total                                                                       
 assets      $ 1,700,983  $ 1,855,175  $ 1,753,169  $ 1,725,068  $ 1,594,014
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Total revenue for the first quarter of 2014 increased 15% sequentially over the
fourth quarter of 2013 and 46% over the first quarter of 2013. The increases are
a direct result of VRX Studios' broadening service offerings and MediaValet's
growing licensing stream. EBITDA and net income decreased over both time frames
due to increased investment in the company's cloud-based digital asset
management division (MediaValet), corporate development activities, and higher
financing costs.


"Over the past four months, we've experienced firsthand the positive effects of
the global economy beginning to shake off its sluggishness," commented David
MacLaren, President and CEO of VRX Worldwide. "Our global base of customers is
beginning to execute long planned marketing and growth strategies while our
teams are stronger than ever. We're looking forward to a pivotal year as we plan
to launch two new major versions of MediaValet and VRX Studios is expected to
contribute significantly to our bottom line."


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 software and global
photography, content management, and content licensing 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."


FOR FURTHER INFORMATION PLEASE CONTACT: 
VRX Worldwide Inc.
Investor & Public Relations
888.605.0059
[e-mail]
www.vrxworldwide.com