Verb Exchange Inc.

Verb Exchange Inc.

September 03, 2009 09:25 ET

Verb Exchange Carrier Service Monthly Revenue Surpasses $5.4 million for August

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) (the "Company") is pleased to provide an update for its carrier services division, Eurotel. Continued focus on new routes has resulted in record revenues of $5.4 million in August 2009, up over 50% from $3.6 million in the immediately preceding previous record month of July 2009. This record month brings quarter-to-date revenue from carrier services to over $9 million, and year-to-date revenue to $22 million.

"Our strategy of focussing on the provision of high quality calling routes has been paying off with increased usage from both our existing top tier telecommunications customers and new wholesale customers that are pleased with the quality their end users experience when using our routes for their voice communication needs," stated Verb's CEO, Craig Goldenberger. "The Eurotel network also serves as the telecommunications backbone for our consumer and enterprise level retail calling applications, Tabrio™ and Tabrio™ Connect. These high quality routes ensure that Tabrio™ calls are crystal clear, and the high route usage keeps the call cost at very reasonable rates."


Verb Exchange (TSX VENTURE:VEI) is a digital communications and media company delivering high quality, low-cost, talk and text around the world. Through its two wholly owned subsidiaries, Eurotel and Tabrio, the Company services tens of millions minutes of calling connections each month and provides voice over IP connectivity to various telecommunication companies worldwide.

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Copyright(C) 2009 - Verb Exchange Inc. All rights reserved. All literary references to articles, statistics, and products or services are properties or registered trademarks of their respective owners. No endorsements from such references have been made whether expressed or implied.

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.

Neither 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.

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