Verb Exchange Inc.

Verb Exchange Inc.

May 06, 2009 10:05 ET

Verb Exchange Carrier Service Revenue Surpasses $2.7 Million for April

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 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 gross revenues of $2.7 million in April, the first month of Q2 2009. This compares with $2.1 million in the first month of Q1 2009, and $2.5 million in the month of March 2009.

The growth in sales is reflective of the new routing and billing software that has allowed the Company to pursue sales across a wider geographic area, and focus on specialty routes that contribute higher margins. "We are very pleased with the results to date, and are confident that these efforts are sustainable, both in terms of revenue and margins," said Craig Goldenberger, the Company's CEO.


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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