NXG Nexgenrx Inc

NEXGENRX INC. ("NexgenRx" or the "Corporation") (TSX VENTURE:NXG) is pleased to
announce its 2011 third quarter results.


Revenue for the quarter increased by 7% in comparison to Q3 2010, and the year
to date revenue growth overall, is up 13%. 2011 has been a year of innovation
and strategic IT planning for NexgenRx and that continued in this quarter.
During the first nine months of 2011, the Corporation executed its strategic
information technology plan in preparation for the next significant phase of
growth.


"The strength of our administration platform, NexAdmin(R), continues to be
recognized through a growing customer base and solid pipeline of prospects.
NexAdmin(R) is another example of the Corporation's innovation and
responsiveness, as the market recognizes the strength of combining adjudication
and administration capabilities into a seamless service offering" stated Ron
Loucks, President & CEO.


The Corporation also announces the grant to management and employees of NexgenRx
of an aggregate of 1,300,000 options to acquire common shares in the capital of
NexgenRx at a price of $0.25 for 5 years (vesting in respect of options granted
to officers and employees as to 20% each year for four years, beginning on the
first anniversary of the grant date, and the final 20% on the date that is 90
days prior to the fifth anniversary of the grant date).


In addition, the Corporation announces a further grant to Directors of NexgenRx
of 1,655,000 options to acquire common shares in the capital of NexgenRx at a
price of $0.25. These options vest immediately and expire in five years.


The Corporation is also pleased to announce the appointment of its new corporate
secretary, Ms. Christa Plumley, LLB. 


About NexgenRx

NexgenRx is a growing health benefits management company engaged in the design,
management and administration of health benefit plans offered by employers and
other plan sponsors for the benefit of their employees and plan members. More
information on NexgenRx can be found at www.nexgenrx.com. 


Caution Regarding Forward-Looking Statements - This news release contains
certain forward looking statements, including statements regarding the business
and anticipated financial performance of the Corporation. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties and
should not place undue reliance on such forward-looking statements.

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