VRX Reports Second Quarter Results (Un-Audited)

        VRX No. 021 - 07                             U.S. 12g No. 82-4669

    -   Record Licensing Fees: up 66% over Q2'06, 15% over Q1'07
    -   4th straight quarter of increased Licensing Fee Growth
    -   Total Revenue for first half of '07 up 10% over first half of '06

    VANCOUVER, Aug. 15 /CNW/ - VRX Worldwide Inc. (TSX-V:VRW) announced today
its un-audited financial results for the second quarter ending June 30, 2007.
The financial results reflect the continued growth of the company's Licensing

                        Six    % change       Three     % change     % change
                     Months     vs. Six      Months    vs. Three    vs. Three
                      Ended      Months       Ended       Months       Months
                   Jun 30/7       Ended    Jun 30/7       Ended         Ended
                (Million C$)   Jun 30/6 (Million C$)   Jun 30/6      Mar 30/7
    Licensing         $0.69        70.5%      $0.37        65.6%        14.9%
    Services          $1.13        -9.7%      $0.49       -53.4%       -24.0%
    Total Revenue     $1.82         9.9%      $0.86       -32.6%       -11.1%

    During the second quarter, VRX's Licensing Revenue increased 66 percent
over the second quarter 2006 and 15 percent over the first quarter 2007 to a
record $368,000. This growth is the result of VRX's continued focus on
increasing the number of new licensing clients, growing VRX's Hotel, Cruise,
and Destination Archives and working with existing licensing clients to
increase the effectiveness of content on their websites.
    "The meteoric rise of user-generated content on the web has caught the
rapt attention of the travel industry and focused their efforts on addressing
consumers' demand for content they can trust. Our role in satisfying this
demand is providing high quality visual content solutions to hotels and online
travel agencies that ensure the content presented to consumers is always
accurate and always up to date," commented David MacLaren, president and CEO
of VRX. "Our growing licensing revenues reflect our success in delivering
these services and in meeting the content needs of consumers. We are all very
proud of the product that we deliver and of the growing success of our
licensing model."
    VRX's custom services agreement with Wyndham Hotel Group (formerly
Cendant Hotel Group) continues to be a strong contributor to VRX's Service
Revenues. On May 8, 2007, VRX announced phase three of the Wyndham project
which increased the number of properties under contract to be photographed to
5,300. As of June 30, 2007 VRX had shot a total of 5,017 Wyndham hotels, 3,752
of which were shot in 2006.


    Year to date operating expenses for 2007 remain flat over the same period
in 2006 while total revenue increased 10 percent for the same period.
    Accounts showing a material increase in the first six months of 2007
compared to the same period in 2006 include: sales, marketing and product
promotion which increased 19% over the prior period largely because of
increased sales commissions which are based on cash received not recognizable
revenue; research and development which increased 53% as the Company is
focusing on technology improvements to increase product efficiencies, enhance
it's distribution infrastructure, and growth its stable of products and
services; investor relations which decreased 52% primarily due to the
terminated agreement with Renmark effective June 30, 2006; interest and
accretion which increased 140% due to a change in the methodology for
calculating accretion expense in 2007 vs. 2006. The 2006 methodology was
changed in the third quarter of 2006 to that which is used currently, so on a
year to date basis by the end of the third quarter of 2007 the comparison to
2006 figures can be made with consistent methodologies.

    Net Income (Loss)

    VRX recorded a Net Loss of $748,112 in the first half of 2007 compared
with a net loss of $803,607 for the same period in 2006, an improvement of 7%.
Further, VRX's earnings before interest, taxes and amortization (EBITA)
improved 32% for the first half of 2007 over the prior period in 2006.

                  Six Months      Six Months     Three Months   Three Months
                       Ended           Ended           Ended           Ended
                    Jun 30/7        Jun 30/6        Jun 30/7        Jun 30/6
    Revenue       $1,819,260      $1,656,072        $856,388      $1,270,903
    EBITA           (441,527)       (647,080)       (241,857)        (93,887)
    Net Loss        (748,112)       (803,607)       (423,645)       (170,755)
    Loss Per
     Share        $    (0.02)     $    (0.02)     $    (0.01)     $    (0.00)

    Balance Sheet

    Balance sheet items of note include a decrease in working capital to
$248,292. The decrease in working capital is directly related to the Company
realizing a cash loss from operations during the period offset by the
completion of a convertible debenture financing in the amount of $250,000 as
announced on May 3, 2007. Deferred revenue increased as the result of prepaid
licensing fees and advance payments for service work in progress.


    Licensing Revenue is expected to maintain its strong growth trend
throughout 2007 driven by the combination of an increasing number of licensing
clients, a growing archive of Hotel, Cruise and Destination Content, and
further integration by existing clients. Service Revenue is expected continue
to comprise a large percentage of total revenue as VRX expands existing
service contracts and signs on new service clients.

    Detailed Financial Statements

    The financial results provided in this release are based upon un-audited
results management believes to be accurate; until such time as the annual
audit process is complete and detailed Financial Statements are available,
un-audited quarterly financial statements and related management discussion
and analysis will be published on the Company's website, www.vrxworldwide.com
and on www.sedar.com.

    About VRX

    VRX Studios Inc., a wholly owned subsidiary of VRX Worldwide Inc.
(TSX- V:VRW) (www.vrxworldwide.com), is the world leader in producing and
syndicating high quality, web-ready, rich media content that educates,
inspires, and compels online travel consumers. Leading travel brands such as
Harrah's, Hyatt, Travelocity, Lastminute, Orbitz and many others rely on VRX's
stunning visual content to attract and engage consumers. Each month, millions
of people interact with VRX's Hotel, Cruise and Destination Content in their
search for their perfect vacation. VRX is recognized as one of the fastest
growing companies in Canada by Profit magazine (June 2007). To find out more
about VRX Studios, its products, and services, visit www.vrxstudios.com.

    VRX Worldwide Inc.

    per "David MacLaren"

    David MacLaren, President and CEO

    The TSX Venture Exchange has not reviewed this release and does not
    accept responsibility for the accuracy or adequacy of its contents

For further information:

For further information: VRX Worldwide Inc., (604) 605-0052,
1-888-605-0059, info@vrxworldwide.com

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