Verb Exchange Inc.

November 08, 2007 14:59 ET

Verb Exchange Increases Latin American Capacity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2007) - Verb Exchange Inc. ("Verb") (TSX VENTURE:VEI) is pleased to announce the acquisition of Latin American network assets and routes from Huntington Telecom, which is based at 60 Hudson, New York, New York. Huntington will continue to manage the routes under its existing operating agreement with Verb.

The acquisition:

- Creates access to new routes and higher capacity within Latin America

- Lowers subscriber acquisition costs

- Guarantees improved margin on existing routes

Craig Goldenberger, CEO of Verb Exchange, states, "Latin American subscribers have proven to be of high value to our advertising partners. Our Co-Pilot Beta showed high adoption rates there and we have responded by increasing our capacity for our desktop and mobile launch. The bottom line cash flow from this deal will also allow us to increase our Co-Pilot marketing efforts immediately."

Huntington has provided a gross margin guarantee through the end of calendar 2008, following which margins will be shared equally. The purchase price will be satisfied by the issuance of 1,149,500 common shares of Verb, which will be released from escrow through the term of the contract. The transaction remains subject to the approval of the TSX Venture Exchange.

About Verb Exchange:

Verb Exchange is a digital media company simplifying communications.

This year, Backbone Magazine and The Globe and Mail ranked Verb Exchange Inc. as the #1 Canadian Tech Company for showing the most significant performance increase year on year. Business in Vancouver listed Verb as #1 in its list of Top 100 Fastest Growing Companies in BC, based by percentage growth in revenue between 2002 and 2006.

Verb's applications reduce costs, save time, increase mobility, flexibility and overhead without compromising quality. Expatriates, mobile professionals, business focused on being responsive and flexible and non-profit organizations use us.

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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