VRW

VRX Worldwide Inc. (TSX VENTURE:VRW) ("VRX Worldwide") is pleased to announce
that it has successfully closed a previously announced non-brokered private
placement (the "Offering") of 12% Convertible Debentures ("Debentures"). Total
gross proceeds raised under the Offering were $260,000, an oversubscribed
position to the original offering of $250,000. 


Further to its press releases of August 15, 2011 and September 15, 2011, VRX
Worldwide has now closed the third and final tranche of the Offering in the
aggregate principal amount of $85,000. The Debentures issued during this tranche
will be due and payable on October 20, 2014.


The principal amount of the Debentures is convertible into common shares of VRX
Worldwide at a price equal to the greater of $0.15 per share and the amount
which is calculated by taking a 25% discount to market price at the time of
conversion, provided that at no time shall such price exceed $0.55 per share.
The Debentures will bear interest at 12% per annum, calculated and paid
quarterly. VRX Worldwide may redeem all or a part of any outstanding Debentures
prior to the maturity date by paying a premium of (i) 5% during the first year,
(ii) 3% during the second year, and (iii) 2% during the third year. 


All common shares of VRX Worldwide issuable on the conversion of the third
tranche of Debentures have a hold period expiring February 20, 2012. VRX
Worldwide will use the net proceeds of the Offering to finance sales, marketing,
support and development activities related to MediaValet and for general working
capital requirements. The third tranche of the Offering is subject to approval
of the TSX Venture Exchange.


ABOUT VRX WORLDWIDE

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, distribution and licensing services, and is
pioneering the global, Cloud-based, digital asset management industry. 


To find out more about VRX Worldwide, visit www.vrxworldwide.com,
www.vrxstudios.com and www.mediavalet.co. VRX Studios Inc. is a wholly owned
subsidiary of VRX Worldwide Inc.


VRX Worldwide Inc. 

David MacLaren, CEO 

The securities of VRX Worldwide Inc. have not been registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold within
the United States or to the account or benefit of any U.S. person.


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.

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