Verb Exchange Inc.
TSX VENTURE : VEI

Verb Exchange Inc.

June 23, 2009 09:25 ET

Verb Exchange Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) is pleased to announce that it has closed the non brokered private placement that was announced on June 06, 2009. The oversubscribed offering resulted in the issuance of 11,079,333 units (the "Units") of the Company at a price of $0.06 per Unit for gross proceeds of $664,760. Each unit is comprised of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share at a price of $0.15 per share on or before June 22, 2010. All securities are subject to a four month hold period from the date of issuance.

The proceeds from the financing are being utilized to:

- Fund deployment and further development of Tabrio™ Click2Connect and Tabrio™ Business Services

- Further the marketing of Tabrio™ Click2Connect and Tabrio™ Business Services

- Provide general working capital

"Tabrio™ Business Services is being adopted and deployed within a rapidly growing base of small and medium sized business units as well as into Enterprise level marketing efforts. We expect to see a positive conversion from the Beta Tabrio™ Business Services clients to satisfied, revenue generating clients within the next quarter," said Craig Goldenberger, CEO of Verb Exchange.

The Company paid commissions of $29,400 on the private placement.

ABOUT VERB EXCHANGE:

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 has three distinct revenue streams:

1) Sales of digital communications to major telecom providers (Eurotel);

2) Retail sales of Tabrio™ talk and text;

3) Highly Targeted Online, Desktop and Mobile Advertising through Tabrio™

Eurotel's global network infrastructure and cash flow compliments our rapidly growing Tabrio™ subscriber base. Tabrio™ is a high quality, low-cost talk and text application that works from any desktop, web browser or mobile phone with ease. Tabrio™ generates revenue through talk and text sales, coupled with permission-based marketing. The complementary service offerings of Eurotel and Tabrio™ position the Company to build a valuable subscriber base in the rapidly expanding digital and mobile advertising industry.

For more information please visit: www.verbx.com and www.Tabrio.com.

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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