Verb Exchange Inc.

Verb Exchange Inc.

August 18, 2009 09:25 ET

Verb Exchange Carrier Service Monthly Revenue Surpasses $3.6 Million For July

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) (the "Company") is pleased to provide an update for its carrier services division, Eurotel. Continued focus on new routes has resulted in record revenues of $3.6 million in July, the first month of Q3 2009. This compares with $2.7 million in the first month of Q2 2009, and $2.1 million in the first month of Q1 2009. Average monthly revenue for the first seven months of 2009 was $2.38 million and revenue for the first two weeks of August has already surpassed $2.5 million.

"Eurotel provides wholesale calling routes to the world's largest telecommunication companies, delivering tens of millions of minutes per month using a telecom-grade VoIP network. We have successfully opened several new routes this year and that has allowed the Company to pursue sales across a wider geographic area," stated Verb's CEO, Craig Goldenberger. "Our consumer and enterprise level retail calling applications, Tabrio™ and Tabrio™ Connect also use this network, driving our costs well below our competition which allows the Company to deliver high quality calls at very low cost even while we ramp up retail volumes."


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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Copyright (C) 2009 - Verb Exchange Inc. All rights reserved. All literary references to articles, statistics, and products or services are properties or registered trademarks of their respective owners. No endorsements from such references have been made whether expressed or implied.

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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