Verb Exchange Inc.

Verb Exchange Inc.

April 09, 2009 09:00 ET

Verb Exchange Announces Record Revenue for Q1 Passes $6.7 Million

Key Highlights - 2009 Q1 Eurotel sales up 56% year over year - Higher margin and expanding services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2009) - Verb Exchange Inc. (TSX VENTUE:VEI) is pleased to provide an update for its Carrier Services division Eurotel. Verb's subsidiary posted revenue for fiscal first quarter 2009 surpassing $6.7 million on continued strong growth in carrier services. This compares to Q1 2008 revenue of just under $4.3 million, a 56.7% increase year over year.

"Our newly expanded sales efforts in Carrier Services is beginning to show positive results," said Craig Goldenberger, the Company's CEO. "While other carriers have cut back service to their customers, we have added technology which has expanded our service offering and enhanced our ability to service new customers in ways that other carriers cannot. This new technology is allowing for new growth, as we can save our customers dollars, but at the same time provides us with significant increases in our gross margins going forward."


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.

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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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