VANCOUVER, Jan. 30 /CNW/ - VRX Worldwide Inc. (TSX-V:VRW) reports that VRX and Sabre have mutually agreed to extend the maturity date of the convertible debenture that was entered into on January 30, 2006 with Sabre, Inc. from January 31, 2009 to March 2, 2009.
This extension is being agreed to allow both parties to negotiate an amicable settlement for the maturity of this debenture. As of today, the outstanding balance of the loan is approximately $650,000.
About VRX
VRX Studios Inc., a wholly owned subsidiary of VRX Worldwide Inc. (TSX-V:VRW) (www.vrxworldwide.com), is the world leader in producing, distributing and licensing high quality, rich media content that educates, inspires, and compels online 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. To find out more about VRX Studios, its products and services, visit ww.vrxstudios.com.
VRX Worldwide Inc. per "David MacLaren" David MacLaren, CEO "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."
