VRX Reports Fourth Quarter 2005 Results (Unaudited)

• Hotel Program helps drive Licensing Revenues to highest level in 2005
• New clients include Travelocity, Cendant Hotel Group, and Hyatt International
• Licensing Revenue and Service fees poised for strong growth in 2006

Vancouver, B.C. (March 28, 2006) - - VRX Worldwide Inc . (TSX.V: VRW) today reported its unaudited financial results for the fourth quarter ending December 31, 2005.

	3 months ended
	Mar 30 2005	June 30 2005	Sep 30 2005	Dec 31 2005	Q4 vs Q1 growth	Q4 vs Q2 growth	Q4 vs Q3 growth
Licensing Revenue	158,085	132,422	127,277	182,731	16%	38%	44%
Service Fees	113,029	275,519	502,338	334,848	196%	22%	-33%
Total Revenue	271,114	407,941	629,615	517,579	91%	27%	-18%

Custom Service revenue for the fourth quarter of 2005 was higher than the first and second quarters, but trailed that of the third quarter due to the seasonality effect that has been prevalent since the Company began undertaking service work in 2001. For the first two months of the fourth quarter service work largely maintained levels achieved in the third quarter, however very limited service work was undertaken in late November and December. As a result, fourth quarter Service Fees were approximately 66% of third quarter levels. As in the past, this seasonality effect extended into January before abating. At present the Company has a dozen photographers in the field acquiring content related to previously announced service contracts. While Custom Service revenue for the reporting periods in 2005 was lower than comparable periods in 2004, based upon agreements currently in place, 2006 Service Revenue will exceed 2005 levels and is expected to exceed 2004 levels as well.

In the fourth quarter of 2005 VRX reversed the declining trend in Licensing Revenues experienced through the first three quarters. The declining trend was initiated in December 2004 when a former major services client elected to host their own hotel, cruise, and destination content that had previously been hosted by VRX. The hosting was shifted in phases leading to a transition period spanning three quarters during which time the hosting revenue lost was greater than new licensing revenue in each quarter. With a number of significant clients in the process of integrating VRX's hotel, cruise, and destination content, continued growth in the licensing revenue is expected for the foreseeable future.

VRX's Hotel Program has shown strong growth over the past 12 months and shows no sign of abating. VRX's newest content program affords the Company the opportunity to capture Licensing and Content Management fees from both hotels and travel intermediaries. As noted in press releases throughout the year, VRX has signed licensing agreements with a number of major travel intermediaries and added a number of new destination resorts and hotel chains to its Hotel Program. As noted in the Company's press release of February 1, 2006, VRX has secured a convertible debenture financing and a related content licensing agreement with a major travel company. The financing will allow VRX to increase its Hotel Archive and the licensing agreement will see VRX's hotel, cruise, and destination content appear on the world's second largest online intermediary.

Balance sheet items of note include a reduction of working capital to $80,000 at December 31, 2005 (excluding any current liability arising from the convertible debenture) from $1,916,000 at December 31, 2004. Included in the decrease is a decline in cash and short-term deposits to $330,463 at December 31 st as compared to $1,631,461 at December 31, 2004. The decrease is directly related to the cost of developing the Hotel Archive for the Hotel Program.

		Dec. 31, 2005		Dec. 31, 2004
Current assets		784,219		2,291,106
Property Plant & Equipment		326,197		376,682
		1,110,416		2,667,788
Accounts payable & accrued liabilities		280,016		228,361
Deferred revenue		177,556		147,238
Due to related parties		250,000		-
		707,572		375,599
Shareholder's equity		402,844		2,292,189
		1,110,416		2,667,788

Operating expenses increased year over year primarily due to increased photographer and production fees as VRX aggressively pursued the content acquisition phase of its Hotel Program. VRX is expensing all associated production costs in the period they are incurred as opposed to deferring such expenditures to its balance sheet and amortizing them against future revenues. Selected accounts that recorded increased balances for the year ended December 31, 2005 as compared with same period in 2004 include photographer and production fees ($2,200,050 vs. $1,416,554) for the reasons noted above; sales, marketing and product promotion ($440,843 vs. $374,995) reflecting increased marketing efforts of the companies Hotel Program commensurate with the larger archive of hotel images available for licensing; general and administrative expenses ($1,362,847 vs. $1,182,988) reflect increased supervision and support for a larger group of photographers and image technicians; increased amortization ($224,580 vs. $155,634) is associated with an increased investment in computer hardware, software and photographic equipment; and stock-based compensation ($81,621 vs. $70,996) related to certain option grants made both in the current fiscal period and prior periods. The foreign exchange loss of $6,844 vs. $31,911 reflects the fact that the decline in the US dollar was less in the current period than in prior periods. Accounts showing a reduction in balances in the period include research and development ($68,547 vs. $230,127) reflecting the Company focusing its activities on the Hotel Program with reduced levels of activities on other initiatives. Shareholder relations ($95,159 vs. $127,164) as the Company adjusted certain investor relations initiatives.

		Three Months Ending				Twelve Months Ending
		Dec 31, 2005		Dec 31, 2004		Dec 31, 2005		Dec 31, 2004
Licensing Revenue		182,731		194,504		600,516		859,289
Service Fees		334,848		953,678		1,225,733		2,978,221
Total Revenue		517,579		1,148,182		1,826,249		3,837,510
EBITA		(557,457)		(36,734)		(2,365,065)		460,787
Net Earnings (Loss)		(705,124)		(43,188)		(2,564,423)		153,087
Earnings (loss) per share		(0.02)		0.00		(0.08)		0.00

Outlook

VRX concluded two significant transactions in the first quarter of 2006 that stand to have a pronounced impact on revenue for fiscal 2006. The first of these is a service contract, which when taken with other contracted service fee initiatives is expected to increase service revenue to between $3.2 million and $3.7 million. The second significant transaction relates to a content licensing agreement and associated financing agreement also announced in the first quarter. The licensing agreement will see VRX's hotel, cruise, and destination content appear on the websites of the world's second largest online travel intermediary and the financing agreement allows VRX to increase the number of hotels covered under its Hotel Program. The combination of the increased size of the image archive and an increasing number of travel intermediaries participating in VRX's Hotel Program are expected to increase the number image views per month. Accordingly, VRX's licensing revenues are expected to demonstrate pronounced growth throughout 2006 and beyond. Due to set integration timelines, management expects stronger growth in licensing fee revenue in the second half of 2006 as compared with the first half. Nonetheless, licensing fee revenue is expected to surpass $ 1 million in 2006. Accordingly, at this early stage of the year, management is looking for total revenue of between $4.2 and $4.7 million in 2006.

Detailed Financial Statements

Complete audited financial statements and the related MD&A will be available on the Company's website at www.vrxworldwide.com and at SEDAR at www.sedar.com in about 30 days time.