VRW

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




----------------------------------------------------------------------
                                    2012           2011           2010
----------------------------------------------------------------------
Total revenue                $ 3,213,772    $ 3,243,586    $ 4,029,647
----------------------------------------------------------------------
Gross profit                 $ 1,783,237    $ 1,845,030    $ 2,542,002
----------------------------------------------------------------------
EBITDA                         $ 334,553    $ (366,730)      $ 591,719
----------------------------------------------------------------------
Net income (loss)               $ 13,057    $ (619,185)      $ 275,008
----------------------------------------------------------------------
Earnings (loss) per share         $ 0.00       $ (0.02)         $ 0.01
----------------------------------------------------------------------
Total assets                 $ 1,618,141    $ 1,107,431    $ 1,251,438
----------------------------------------------------------------------
                                                                            
Summary of Quarterly Results (Unaudited)                                    
                                                                            
----------------------------------------------------------------------------
                     2012 Q4     2012 Q3     2012 Q2     2012 Q1     2011 Q4
----------------------------------------------------------------------------
Total revenue      $ 875,553   $ 923,788   $ 780,772   $ 633,659   $ 682,426
----------------------------------------------------------------------------
Gross profit       $ 497,568   $ 485,915   $ 428,796   $ 370,958   $ 326,538
----------------------------------------------------------------------------
EBITDA             $ 131,593   $ 156,258    $ 53,586   $ (6,884) $ (147,374)
----------------------------------------------------------------------------
Net income          $ 53,335    $ 56,188   $ (8,658)  $ (87,808) $ (241,968)
----------------------------------------------------------------------------
Earnings per                                                                
 share               $ 0.002     $ 0.002   $ (0.000)   $ (0.003)   $ (0.007)
----------------------------------------------------------------------------
Total assets     $ 1,618,141 $ 1,476,084 $ 1,266,843 $ 1,125,440 $ 1,107,431
----------------------------------------------------------------------------



Total revenue for the fourth quarter of 2012 decreased 5% ($48,235) from the
third quarter of 2012 and increased 28% ($193,127) over the fourth quarter of
2011. The slight sequential decrease and the year over year increase in
quarterly revenue is due to a higher percentage of high-end lifestyle and food
and beverage projects offsetting VRX's year end seasonal downturn.


"2011 and 2012 were extremely tough yet rewarding years. We weathered the worst
of the global economic downturn by continuing to reduce operating costs and
prepared for the future by investing in cloud-based digital asset management
technology," commented David MacLaren, President and CEO of VRX Worldwide.
"We've achieved great success with VRX Studios over the years and survived where
many have not. We've transitioned from solely licensing destination content, to
providing exclusive production services to Expedia, to opening up our production
services to all hospitality providers. Today, thirteen years later we're seeing
tremendous growth opportunities for VRX Studios in global markets and the demand
for MediaValet escalate as the need for enterprise class digital asset
management services continues to grow." 


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 

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

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

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