Verb Exchange Inc.

November 23, 2007 09:30 ET

Verb Exchange Announces 9 Month Revenues Up 47% to $17 Million and Appoints Aron Buchman to President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2007) - Verb Exchange Inc. (TSX VENTURE:VEI) has announced a 47% improvement in top line performance for the nine months ended September 30th, 2007, and is pleased to announce the appointment of Aron Buchman as President of the Company.

Aron joined the Company in February of this year in the position of Director of Strategic and Corporate Development, and has been an integral part of the Company's significant growth and development in 2007. As President, Aron will continue to guide the Company's strategic moves through M&A, building market liquidity and improving corporate valuation metrics. Aron has extensive experience as an emerging technology specialist, having worked internationally with blue chip and multi-national clients and channel partners.

Revenues for the first nine months of 2007 increased to $17,013,705 compared to $11,589,934 for the same period in 2006. 2007 nine month revenues represent a $5,423,771 or 47% increase in revenue as compared to the first nine months of 2006.

A breakdown of results for the period ended September 30 2007 follows:
(all figures in Canadian Dollars and Canadian GAAP)

9 Months Ended 9 Months Ended
September 30, 2007 September 30, 2006
(unaudited) (unaudited)
$CDN (000's) $CDN (000's)
Revenue 17,014 11,590
Cost of Sales 16,812 11,403
Gross Margin 202 187
Operating Expenses 1,146 1,387
Net Income (loss) (945) (1,184)

Verb has also completed the acquisition of the Latin American network assets of Huntington Telecom Inc., through the issuance of 1,149,500 common shares. The common shares are subject to a hold period expiring on March 22, 2008, and are to be released monthly over an 18 month period.

"The new agreement with Huntington will provide greater cash flow, which along with a more intuitive user interface for Co-Pilot, our flagship product, positions Verb very well to market aggressively toward the acquisition of new subscribers," said Donald M. Cameron, CA, Chief Financial Officer.

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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