Verb Exchange Inc.

Verb Exchange Inc.

April 30, 2008 18:29 ET

Verb Exchange Announces $23,461,944 in Revenue for 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2008) - Verb Exchange Inc. ("Verb Exchange") (TSX VENTURE:VEI) announces that it has filed its audited financial statements for the fiscal year ended December 31, 2007, and is pleased to report revenues of $23,461,944 compared to revenues of $16,808,918 in the prior year (2006).

Increased traffic on its Carrier Services routes led to a 40% ($6,653,026) increase in overall revenue. Gross profit increased 61% to $286,704 and as a percentage of revenue by 15% to 1.22%, directly as a result of the acquisition of Latin American assets and routes in November 2007.

Operating expenses stayed static over the year; hence, the operating loss was reduced slightly over 2006. In addition to this positive trend from operating results, the equity financings during the year strengthened the Company's balance sheet materially.

"We are well positioned financially for 2008 as a result of all of the favourable outcomes from 2007," said Donald M. Cameron, CA CFO for Verb Exchange.

Comparative figures for annual revenues, net loss and loss per share are as follows (all figures in Canadian dollars and Canadian GAAP):

2007 Year End Financial Summary

2007 (000's) 2006 (000's)
Revenue $23,462 $16,809
Cost of Sales $23,175 $16,631
Gross Margin $287 $178
Expenses $1,828 $1,815
Net Income (loss) $(1,541) $(1,622)
Total Assets $2,069 $632
Total Liabilities $450 $797

Weighted Average Shares Outstanding 37,549,198 25,266,000
Net Income (loss) per share $0.04 $0.06

2008 Forward Outlook Statement:

In 2008 and beyond Verb Exchange expects to have expanded beyond telecommunications to become an emerging leader in digital media. With the impending commercial release of Tabrio™, users of our VoIP network will now encompass not only Tier 1 and Tier 2 telecom companies, but also the global mobile and online consumer markets.

The Tabrio™ service will have been released and expanded beyond low cost long distance, two-way SMS text messaging and contact management to become a true digital communications platform. A continuous development cycle will support aggressive subscriber acquisition targets with new Tabrio™ features that leverage the mobile phone's transition from a voice communications device to a multimedia computer.

After a successful launch in 2008, we expect to have acquired an initial set of Tabrio™ subscribers, with per user revenues, plus accompanying advertising revenues. We expect Tabrio™ to become a major contributor to our revenue and profitability in the coming fiscal period.

Rich subscriber data acquired through demographic collection and usage patterns will have significant value to advertisers targeting mobile and online prospects. The analysis and use of this data will be governed by a separate business unit, tasked with maximizing the value of this data to advertisers and analysts, thereby maximizing associated revenues.

About Tabrio

Tabrio is a better way to stay in touch with the people you care about. Finally, people everywhere can make low-cost long distance calls with exceptional call quality, and send--and reply to--global text messages at local rates. Important numbers are always at hand with contact synchronization that automatically maintains a single global contact list. Tabrio is available on any mobile, landline or PC, for unbeatable freedom and convenience. For more information, see:

About Verb Exchange

Verb Exchange (TSX VENTURE:VEI) is defining the next generation of mobile and online communications for consumers and advertisers. A leading digital media company, Verb Exchange delivers international connectivity with its telco-grade carrier services, and is revolutionizing global communication with the introduction of Tabrio's low-cost, crystal clear long distance calling and two-way text messaging from any mobile, landline or PC. Proprietary advertising and analytics platform ensures precisely targeted campaigns to Tabrio users based on detailed geographic, demographic and psychographic profiles.

In 2007, Verb Exchange was recognized as Canada's #1 technology company by Backbone Magazine, and by BIV Magazine as first on its list of Top 100 Fastest Growing Companies in BC. For more information, see:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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