Verb Exchange Inc.

December 21, 2007 19:22 ET

Verb Exchange Withdraws Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - Verb Exchange Inc. (TSX VENTURE:VEI) announces that it has jointly agreed with Magna Partners Ltd. and Desjardins Securities Inc. (the "Agents"), to withdraw the brokered private placement previously announced on December 5, 2007.

"The non brokered financing for $1.725M that we completed in September 2007 provides us with more than sufficient working capital to complete the commercialization and marketing of Co-Pilot Console, including the rollout of our Mobile and Adserving components. We look forward to working with Magna and Desjardins in the coming months as we look to expand our institutional and retail shareholder base," noted Verb's Chairman, Jeff Durno.

About Verb Exchange:

Verb Exchange Inc. is a digital media company deploying modular applications that integrate mobile, web and desktop communications with leading-edge analytics and ad-serving technology to create the ultimate relationship marketing platform.

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 Exchange Inc. as #1 in its list of Top 100 Fastest Growing Companies in BC. It was ranked based by percentage growth in revenue between 2002 and 2006.

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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