Verb Exchange Inc.

Verb Exchange Inc.

October 14, 2009 13:17 ET

Verb Increases Debenture Financing to US$300,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) (the "Company") announces that due to strong customer demand for its new telecommunications routes, it has arranged to increase the convertible debenture financing previously announced on September 10, 2009 from US$150,000 to US$300,000.

"In September we formed a Joint Venture Agreement on certain high value, high capacity routes with a NY based telecommunications company," said Craig Goldenberger, CEO of Verb and President of Eurotel. "The demand for these stable, high quality routes has exceeded our initial expectations so we utilize the increased funding from this debenture offering to expanding our capacities on these high margin routes."

Verb's Eurotel subsidiary has increased revenues from an annual total of $25.6 million in 2008, to monthly revenues in excess of $5 million in both August and September ($27 million year to date). The secured debentures have a twelve month term and will bear interest at 15% per annum. The debentures are convertible into units of Verb at $0.10 per unit, at the option of the holder. Each unit will consist of one common share and one half of one warrant, with each whole unit being exercisable at $0.15 per share for a 12 month period.

The proposed debenture remains subject to the approval of the TSX Venture Exchange and is anticipated to close later this week.


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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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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