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File: VID-NR-AmendQ3FS-DecComp-Jan11-16.pdf
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DISSEMINATION IN THE UNITED STATES
FOR IMMEDIATE RELEASE
AS A RESULT OF A REVIEW BY THE BRITISH COLUMBIA SECURITIES COMMISSION, WE ARE
ISSUING THE FOLLOWING PRESS RELEASE TO CLARIFY OUR DISCLOSURE.
VidWRX Inc. Files Amended and Restated Q3 Financial Statements
Vancouver, British Columbia: January 11, 2016 VidWRX Inc. (TSX-V:VID) ("VidWRX" or the
"Company"), pioneer of scalable video production solutions, announces that it was filed amended and
restated financial statements (the "Q3 Financial Statements"), and management's discussion and analysis
(the "MD&A"), for the period ended September 30, 2015. The Q3 Financial Statements and MD&A have
been amended following completion of a review of these materials by the British Columbia Securities
Commission.
Among other changes, the amended and restated Q3 Financial Statements and MD&A have been revised
to provide additional disclosure on the derivation of non-GAAP financial measures used by the Company,
and to provide additional comparative disclosure on these measures to previous periods. Additional
disclosure in the MD&A has also been included to reference the Company's use of proceeds in previous
financing transactions, and to itemize related party transactions. The materials have also been revised to
clarify certain figures following completion of a review of the Q3 Financial Sta tements by the Company's
auditor.
The forgoing discussion provides a summary only, and readers are encouraged to review the amended and
restated Q3 Financial Statements and MD&A in their entirety under the Company's profile on SEDAR
(www.sedar.com).
In addition, the Company also announces that it has issued a total of 323,449 shares in lieu of cash
compensation to certain consultants (two of which are also directors) of the Company for work completed
in December 2015. The shares are being issued at a deemed price of $0.06 per share, being the closing
share price of the Company's shares on Thursday, December 31, 2015. The shares are also subject to a
four-month and one day hold period as required by Canadian securities laws. The compensation
arrangement for the issuance of shares in lieu of cash was approved by the Company's shareholders on
September 4, 2015.
About VidWRX Inc.
Founded in 2006 as SoMedia Networks, VidWRX is an industry pioneer, providing scalable video
production services to marketers and digital agencies in any volume, anywhere in North America. Combined
with its online platform and proven processes, VidWRX expert production teams ensure exceptional
customer service and affordable, high quality videos.
Company Contact:
George Fleming, CEO
Tel: 604.683.5510
Email: gfleming@vidwrx.com
Corporate Communications: Investor Relations / Howard Group
Greg Werbowski, VidWRX Dave Burwell
Tel: 604.683.5510 ext. 590 1-888-221-0915
Email: gwerbowski@vidwrx.com Email: dave@howardgroupinc.com
401-220 Cambie Street | Vancouver, BC V6B 2M9 | VidWrx.com
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 news release does
not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securit
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have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Perso
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unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
Certain information contained in this document may include "forward-looking information". Without limiting the
foregoing, the information and any forward-looking information may include statements regarding the closing of the
Offering, the filing of a preliminary and final prospectus and the use of proceeds of the Offering. In this document,
words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimat
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and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking
statements should not be read as guarantees of future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking
statements and information are based on information available at the time and/or the Company management's good-
faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions
and other unpredictable factors, many of which are beyond the Company's control. For additional information with
respect to these and other factors and assumptions underlying the forward-looking statements made in this press
release, see the section entitled "Risks and Uncertainties" in the Management's Discussion and Analysis of the
Company for its most recent interim financial statements filed with the Canadian securities commissions. The
forward-looking information set forth herein reflects the Company's expectations as at the date of this press release
and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any
forward looking statements, whether as a result of new information, future events or otherwise, other than as required
by law.
The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking
information or statements contained in this document to reflect subsequent information, events or circumstances or
otherwise, except as required by applicable laws.
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