VRX Reports Fourth Quarter 2006 Results (Unaudited)

• Annual Revenues surpass $5 million
• 4th Quarter generates Profit of $248,000 ($0.01 per share)
• 4th Quarter Licensing Revenue up 39 per cent over Q4'05
• 4th Quarter Service Revenue up 417 per cent over Q4'05

Vancouver, B.C. (April 18, 2007), VRX Worldwide Inc. (TSX.V:VRW) today reported its unaudited financial results for the fourth quarter ending December 31, 2006. The financial results reflect strong year-over-year and quarter-over-quarter revenue growth and evidence of the increasing importance of Licensing Revenues.

Total revenue for fiscal 2006 reached record levels of $5.17 million, surpassing the previous record (2003 - $4.15 million) by over $1 million in spite of a much stronger Canadian dollar. Similarly, total revenues for the fourth quarter of 2006, along with service and licensing revenues, reached record levels of $1.99 million, $1.74 million, and $0.25 million, respectively.

"2006 was a tremendous year for VRX," commented David MacLaren, President and CEO. "We continued to lead the industry in quality, consistency and capacity; we raised the content bar yet again by being the first to date-stamp hotel content; we shot over 4,000 hotels; and we signed licensing agreements with two of the top three online travel agencies. On top of all of this, we posted the highest licensing and service revenues in the history of VRX."

During the fourth quarter, VRX's licensing revenues increased 34.2 per cent. This increase was led by one of VRX's largest licensing clients who began integrating VRX's Hotel Content into its website at the end of the quarter.

VRX's custom services agreement with Wyndham Hotel Group (formerly Cendant Hotel Group) was a strong driver behind the growth of the Company's Service Fees throughout 2006. As of December 31, VRX had shot a total of 4,362 Wyndham hotels, 3,752 of which were shot in 2006.

Expenses

While revenue achieved record levels in the fourth quarter, total expenses were $84,579 lower than the previous quarter. Year over year, revenue increased 183 per cent while expenses before other items increased 31.1 per cent. For the fourth quarter of 2006, expenses before other items increased to $1.69 million, up 47.4 per cent over the fourth quarter of 2005, while revenue increased 284 per cent to $1.99 million. Ultimately, the strong revenue growth and more moderate expense growth culminated in the Company achieving its first quarterly profit since the third quarter of 2004.

Accounts showing a material change from fiscal 2005 include: photographer and production fees, which increased by $930,992 ($3,131,042 vs. $2,200,050) reflecting the increased production activity; general and administrative costs, which increased by $372,730 ($1,715,219 vs. $1,342,489) due to increased support activities related to ongoing service work; investor relations expenses, which increased $31,155 ($126,314 vs. $95,159) as the result of a now expired agreement with Renmark Financial Communications; interest expense, which increased by $109,248 ($125,837 vs. $16,589) reflecting costs associated with two convertible debenture financings and other debt obligations; stock-based compensation, which decreased $54,218 ($27,403 vs. $81,621) as previously granted options were fully amortized, fewer grants were made in the period, and certain options expired before maturity generating a reversal of some prior charges to this account.

Net Income (Loss)

VRX recorded a Net Income of $248,335 in the fourth quarter. For fiscal 2006, the company recorded a loss of $893,834, $1,607,590 less than the previous year.

Balance Sheet Items

Balance sheet items of note include an increase in working capital to $597,056 at December 31, 2006 from $139,646 at December 31, 2005, the strongest level in 2006. Accounts receivable of $379,333 was a significant component of current assets at December 31, the majority of which will be collected in Q1 2007. Current liabilities were markedly reduced due to a reduction in deferred revenue as fees paid in advance were rebooked into revenue and loans provided by related parties in the fourth quarter of 2005 were repaid during fiscal 2006.

Outlook

Licensing revenue is expected to maintain its strong growth trend throughout 2007 driven by the combination of an increasing number of licensing clients, further integration by existing clients, and a growing archive of Hotel, Cruise and Destination Content. Service revenue is expected to comprise a large percentage of total revenue in 2007 as VRX continues to service existing contracts and is negotiating several new service contracts to be started this year.

Detailed Financial Statements

The financial results provided in this release are based upon unaudited results management believes to be accurate; however, until such time as the audit process is complete, full financial statements and the related MD&A will not be published on either the Company's website, www.vrxworldwide.com, or on SEDAR at www.sedar.com.