Silver Heights Capital Management Increases Holdings in VRX Worldwide



    TORONTO, March 19 /CNW/ - On March 18, 2008, client accounts managed by
Silver Heights Capital Management Inc. ("Silver Heights") acquired 1,090,000
common shares of VRX Worldwide Inc. ("VRX"), representing approximately 3.1%
of the outstanding common shares of VRX, based on 34,626,145 common shares
currently outstanding.
    Silver Heights acts as an investment manager on behalf of client
accounts, and in respect of the acquired securities, specifically disclaims
any beneficial ownership.
    The transaction took place through the facilities of the TSX Venture
Exchange.
    Following this purchase, client accounts managed by Silver Heights own
5,233,500 common shares of VRX. Client accounts managed by Silver Heights also
own a convertible debenture (the "Debenture") in the principal amount of
$250,000 (Cdn.). The exact number of common shares issuable by VRX upon
conversion of the Debenture is not determinable, given the fact that the
conversion price of the debenture may vary over time. The maximum number of
common shares receivable on conversion is 1,000,000. Assuming conversion of
the Debenture, client accounts managed by Silver Heights would own up to
6,233,500 common shares of VRX, representing 17.5% of the outstanding common
shares of VRX.
    The securities were purchased for investment purposes only and not with
the purpose of influencing the control or direction of VRX. Silver Heights
and/or any of its joint actors may in the future take such actions in respect
of their securityholdings in VRX as they may deem appropriate in light of the
circumstances then existing, including increasing or decreasing their
respective holdings.
    Silver Heights will be filing an Early Warning Report as required by
securities legislation.





For further information:

For further information: Kevin Kuebler, Telephone: (416) 342-5625,
Silver Heights Capital Management Inc., 90 Adelaide St. West - Suite 400,
Toronto, ON, M5H 3V9, www.silverheights.com

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SILVER HEIGHTS CAPITAL MANAGEMENT

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