Verb Exchange Inc.

Verb Exchange Inc.

October 06, 2009 09:25 ET

Verb Exchange Inc.: Eurotel's Q3 Earnings Surpass $14 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) (the "Company") is pleased to provide an update for its carrier services division, Eurotel Inc. For the second consecutive month, revenue from Eurotel exceeded $5 million in September. Eurotel's revenue in Q3 exceeded $14 million, representing an increase of more than 100% comparatively to 2008. Verb Exchange attributes this growth to its new calling routes, which have brought Eurotel's year-to-date revenue to over $27 million, surpassing the Company's 2008 annual revenues of $26.4 million.

"We are very pleased with the revenue gains as it demonstrates our ability to grow this side of the business and is a testament to the quality of the telecommunications services we provide. While reaching this milestone is significant, we continue to work on increasing margins," commented Craig Goldenberger, Verb's CEO. "Our strategy is to continue moving up the food chain of both customers and vendors by providing high quality telecommunications routes and a solid base for both our wholesale business and for Tabrio(TM) Connect."


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 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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