VRX Worldwide Completes Name Change to MediaValet Inc. and Symbol Change to MVP on TSX Venture Exchange

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2014) - VRX Worldwide recently completed its name change to MediaValet Inc. (TSXV: MVP), and has changed its symbol from VRW to MVP on the TSX Venture Exchange. MediaValet™ is a trademark of VRX Studios Inc., a wholly owned subsidiary of VRX Worldwide Inc.

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MediaValet™, the world's first 100% cloud-based, enterprise class, SaaS, digital asset management system, was initially developed in 2010 to address the escalating challenges that VRX was experiencing managing 30 terabytes of media assets for its growing list of hospitality customers. Today, MediaValet™ offers its digital asset management services to organizations, large and small, in all industries all over the world.

VRX Studios is the leading provider of photography, content management and licensing services to the global hospitality and travel industries, providing services to over 10,000 hotels, cruise ships, tourism bureaus around the world.

David MacLaren, Founder and CEO of MediaValet Inc. commented: "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. Aligning our enterprise software business under the MediaValet brand will simplify and strengthen our corporate presence."

For more information, please visit the company's website www.mediavalet.com, contact Asa Zanatta at 604-688-2321 or email asa.zanatta@mediavalet.com.

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