Verb Exchange Inc.
TSX VENTURE : VEI

Verb Exchange Inc.

June 08, 2009 09:25 ET

Verb Exchange Announces $600,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) is pleased to announce that, subject to regulatory approval, it will conduct a non-brokered private placement of up to 10,000,000 units at a price of $0.06 per unit, for gross proceeds of up to $600,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase an additional common share at an exercise price of $0.15 per share for a period of one year from the date of closing. All securities will be subject to a four month hold period from the date of issuance.

The Company is adding a new component to its existing suite of products with the upcoming release of Tabrio™ Business Services. Proceeds of the financing will be used to fund the deployment and marketing of Tabrio™ Business Services and for general working capital purposes.

Certain directors, officers and shareholders of the Company have arranged for the sale of certain common shares through the facilities of the TSX Venture Exchange. The net proceeds from these transactions will be used to fund a portion of this private placement financing.

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.

Contact Information