VANCOUVER, BRITISH
COLUMBIA--(Marketwire - March 10, 2010) - VRX Worldwide Inc. (TSX VENTURE:VRW)
announced today that it has issued 600,000 stock options to the directors of
the Company. The stock options are being offered in conformance with TSX
Venture Exchange regulations as incentive compensation and have a term of five
years and an exercise price of $0.155 per share.
Following
the issuance of these options, VRX has outstanding 34,626,145 common shares and
3,035,000 incentive stock options. The Company's Stock Option Plan allows the
Board to issue the equivalent of up to 10% of the issued and outstanding share
capital of the Company on a rolling basis and was approved at the Company's
last Annual General Meeting held on June 10, 2009.
About VRX
VRX Studios Inc., a wholly owned subsidiary of
VRX Worldwide Inc. (TSX VENTURE:VRW) (www.vrxworldwide.com),
is the world leader in producing, distributing and licensing high quality, rich
media content that educates, inspires, and compels travel consumers. Many of
today's leading travel brands rely on VRX's stunning hotel, cruise and
destination content to attract and engage millions of consumers each month. In
2007, VRX was recognized by Profit magazine and Business in Vancouver as one of
Canada's fastest growing companies. To find out more about VRX Studios, its
products and services, visit www.vrxstudios.com.
VRX Worldwide Inc.
David MacLaren, President and
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."