VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2013) - VRX Worldwide Inc. (TSX VENTURE:VRW), (the "Company") announces that it has retained PI Financial Corp. ("PI Financial") to advise the Company's Board of Directors and senior management on strategies for maximizing the ongoing growth of the Company's cloud-based business, MediaValet.
Founded in late 2010, MediaValet is the world's first 100% cloud-based, enterprise class, globally available, digital asset management system (DAMS). Built from the ground up on Microsoft's industry leading platform-as-a-service (PaaS) cloud offering, Windows Azure, MediaValet can cost effectively and securely meet the digital asset management needs of any company, no matter how large they are, where they're located, or what industry they're in.
"We've spent the last two and half years listening to clients, doing market research, and tracking the rapidly growing demand for cloud-based digital asset management services," commented David MacLaren, CEO of VRX Worldwide. "With our recently announced financing and our engagement of PI Financial, we're taking the first two of many planned steps to aggressively pursue the opportunity that lies ahead of MediaValet."
"In a very short period of time, MediaValet has made great strides in a bourgeoning new industry," commented Blake Corbet, Managing Director, PI Financial. "Cloud-based digital asset management spans all industries, with the swift growth of online marketing, social media and digital content, the digital asset management market is poised to explode."
About VRX Worldwide Inc.
Through its wholly owned brands, MediaValet and VRX Studios, VRX Worldwide is the world's leading provider of cloud-based digital asset management and digital content production services. To find out more about VRX Worldwide and its global suite of content services, visit www.vrxworldwide.com, www.vrxstudios.com and www.mediavalet.co.
About PI Financial Corp.
PI Financial is one of the leading independent national broker dealers in Canada with over 250 employees and offices across the country. As a full service investment banking firm, PI Financial offers capital market services including investment banking, mergers and acquisitions, financial and strategic advisory, equity research, sales and trading services. To learn more about PI Financial, visit www.pifinancialcorp.com.
On behalf of VRX Worldwide Inc.,
per David MacLaren, CEO
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that VRX Worldwide Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward- looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.