VRX Reports 2007 Annual and Fourth Quarter Results (Unaudited)

• Annual Licensing Fees Increase 77% to $1.5 Million
• 5th Straight Quarter of Licensing Growth
• Red Roof and Fairmont Join VRX List of Prominent Clients

Vancouver, B.C. (April 29, 2008), VRX Worldwide Inc. (TSX.V:VRW) reports its audited financial results for the year ending December 31, 2007. The financial results reflect strong growth, year-over-year and quarter-over-quarter, of the Company’s Licensing Fees.

Total revenue for fiscal 2007 was $3.83 million, with Licensing Fees reaching a record $1.5 million. Similarly, Licensing Fees reached a record level of $0.41 million in the fourth quarter.

“2007 was another great year for VRX. After a tremendous production year in 2006, we turned our attention to growing our licensing business,” commented David MacLaren, President and CEO. “Our concentrated effort was rewarded with 12 consecutive months of licensing fee growth and a 77 per cent year-over-year increase.”

VRX’s Licensing Fees increased 60 per cent in the fourth quarter of 2007 over the same quarter in 2006. This increase was the direct result of demand from new and existing licensing clients for high quality, Always Fresh™, rich media content.

VRX’s Service Fees decreased in 2007 as the company completed the major production phase of the Wyndham Hotel Group project at the end of 2006 and entered the maintenance phase. Under this phase, VRX covers all new openings and renovations of Wyndham brands. In the fourth quarter, VRX signed major production and distribution agreements with Red Roof Inns and Fairmont Hotels and Resorts.

Expenses

Year over year, expenses before other items decreased 19.8 per cent to $4.70 million. For the fourth quarter, expenses before other items decreased to $1.27 million, down 24.9 per cent over the fourth quarter of 2006.

Accounts showing a material change from fiscal 2006 include: photographer and production fees, which decreased by $1,189,173 ($1,941,869 vs. $3,131,042) reflecting the decreased production activity; general and administrative costs, which decreased by $183,600 ($1,531,619 vs. $1,715,219) primarily as a result of reclassifying programmers’ salary and wages to research and development as their role and focus shifted toward developing new products and services; research and development fees, which increased $241,325 ($326,912 vs. $85,587) reflecting the Company’s focus on new initiatives; and investor relations expenses, which decreased $62,093 ($64,221 vs. $126,314) as the Company concluded its agreement with Encompass Communications Inc.

Net Income (Loss)

VRX recorded a Net Loss of $1,237,246 for fiscal 2007 and a Net Loss of $250,638 in the fourth quarter.

Balance sheet items of note include a decrease in working capital to negative $132,723 at December 31, 2007 from $597,056 at December 31, 2006. Cash and cash equivalents were the largest component of current assets at year end. Current liabilities increased significantly due to a large prepayment for services to be provided under a newly signed production agreement.

Outlook

Licensing fees are expected to maintain their strong growth trend throughout 2008 driven by the combination of an increasing number of licensing clients, further integration by existing clients, a growing archive of Hotel, Cruise and Destination Content and the launch of Athena and several new initiatives later this year. Service fees are expected to comprise a large percentage of total revenue in 2008 as VRX continues to service existing contracts and is negotiating several new service contracts.

Detailed Financial Statements

The financial results provided in this release are based upon audited results. The full financial statements and the related MD&A are now available in the Financials section and on www.sedar.com.