VRX Worldwide Inc.

VRX Worldwide Inc.

October 03, 2014 09:00 ET

VRX Worldwide Changes Name to MediaValet

Reflecting Company's Focus on Enterprise Cloud Software

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 3, 2014) - VRX Worldwide Inc. (TSX VENTURE:VRW) (the Company) is pleased to announce that the Company has formally completed its name change from VRX Worldwide Inc. to MediaValet Inc. The name change reflects the Company's focus and commitment to its enterprise cloud software business. In conjunction with its name change, the Company's trading symbol on the TSX Venture Exchange will change from 'VRW' to 'MVP' on Monday, October 6th, 2014.

"When we began developing MediaValet in 2010, we were extremely lucky to secure a strong brand name that's easy to remember and directly related to what we do. Over the last three years, the MediaValet brand has become synonymous with cloud-based digital asset management software and Microsoft's Windows Azure cloud platform," commented David MacLaren, Founder and CEO of MediaValet Inc. "Aligning our enterprise software business under the MediaValet brand will simplify and strengthen our corporate presence."

"When we discovered that the trading symbol 'MVP' (aka 'most valuable product') was available, we couldn't resist securing it as we feel it truly represents the personality and ambition of our team," continued MacLaren.

The common shares of the Company will formally commence trading under the new symbol on Monday, October 6th, 2014. Until then, the Company will continue to trade under the existing trade symbol 'VRW'.

There is no consolidation or change in the share capital of the Company. Shareholders are not required to exchange their existing share certificates for new certificates bearing the new company name.

For additional details on the Company, please refer to the Company's product website, www.mediavalet.com.

About MediaValet, Inc.

MediaValet stands at the forefront of the emerging cloud-based digital asset management (DAM) industry. With the only 100% cloud-based digital asset management system (DAMS), and the only DAMS built on Windows Azure, MediaValet is uniquely equipped to meet the digital asset management needs of any company, no matter its size, industry or location. Created by marketers for marketers, MediaValet puts product design and support first, ensuring an exceptional customer and user experience at all times.

"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."

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