VRW

VRX Worldwide Inc. (TSX VENTURE:VRW), a leading provider of content production,
management, distribution and licensing services, is pleased to report its 2011
annual and fourth quarter results. 




-------------------------------------------------------------------------
                                     2011            2010            2009
-------------------------------------------------------------------------
Total revenue             $     3,243,586 $     4,029,647 $     6,029,968
-------------------------------------------------------------------------
Gross profit              $     1,845,030 $     2,542,002 $     3,484,797
-------------------------------------------------------------------------
EBITDA                    $     (366,730) $       591,719 $     1,231,745
-------------------------------------------------------------------------
Net income (loss)         $     (619,185) $       275,008 $       982,526
-------------------------------------------------------------------------
Earnings (loss) per share $        (0.02) $          0.01 $          0.03
-------------------------------------------------------------------------
Total assets              $     1,107,431 $     1,251,438 $     1,382,428
-------------------------------------------------------------------------



Summary of Quarterly Results (Unaudited)



----------------------------------------------------------------------------
                 2011 Q4      2011 Q3      2011 Q2      2011 Q1      2010 Q4
----------------------------------------------------------------------------
Total                                                                       
 revenue    $    682,426 $    803,124 $    850,559 $    907,477 $    917,190
----------------------------------------------------------------------------
Gross                                                                       
 profit     $    326,538 $    353,381 $    542,698 $    622,413 $    556,395
----------------------------------------------------------------------------
EBITDA      $  (147,374) $  (113,280) $  (214,904) $    108,828 $     99,150
----------------------------------------------------------------------------
Net income  $  (241,968) $  (134,108) $  (262,732) $     19,623 $     15,140
----------------------------------------------------------------------------
Earnings                                                                    
 per share  $    (0.007) $    (0.004) $    (0.008) $      0.001 $      0.000
----------------------------------------------------------------------------
Total                                                                       
 assets     $  1,107,431 $  1,364,336 $  1,256,446 $  1,535,032 $  1,251,438
----------------------------------------------------------------------------



Total revenue for the fourth quarter of 2011 decreased $120,698 (15%) from the
third quarter of 2011 and $234,764 (26%) from the fourth quarter of 2010. The
decrease in revenue is due to the ongoing effects of the prolonged global
downturn, expiration of a long-term licensing contract, normal fourth quarter
seasonality and a weaker US dollar.


"2011 was a very challenging year for VRX Studios. The combination of a weak US
dollar and the ongoing weakness of the global economy continued to dampen demand
for our services and resulted in a net loss after two consecutive years of
profitability," commented David MacLaren, President and CEO of VRX Worldwide.
"Although 2011 was one of VRX Studios toughest years yet, our customer base of
over 10,000 hotels remains strong, our relationships with our customers are
deeper than ever, and MediaValet is gaining market share and attention both at
home, in North America, and abroad in Europe and Asia/Pacific. As 2012 begins,
we're finally seeing signs that the global economy is waking up as Hospitality
brands around the world are beginning to budget new marketing campaigns for the
first time since the downturn began." 


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

Grafico Azioni (TSXV:VRW)
Storico
Da Gen 2025 a Feb 2025

Grafico Azioni (TSXV:VRW)
Storico
Da Feb 2024 a Feb 2025