Verb Exchange Inc.
TSX VENTURE : VEI

Verb Exchange Inc.

April 21, 2009 14:39 ET

Verb Exchange Enters Agreement to Sell Tagline Business Unit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) is pleased to announce that it has entered into an agreement to sell its wholly owned subsidiary, Tagline Communications Inc., to a related party, for $275,000. In fiscal 2009 Tagline contributed revenues of $750,000 towards Verb's consolidated revenues of approximately $26 million. The transaction is exempt from certain requirements under applicable securities regulations as neither the fair market value of the subject of the transaction, nor the fair market value of the consideration for the transaction exceeds 25% of Verb's market capitalization. The transaction is subject to the approval of the TSX Venture Exchange.

Noted Verb CEO Craig Goldenberger: "The sale of Tagline for a one time cash payment provides Verb with a preferred source of capital with which to fund the growth of our core business."

What this Means:

- Provides Verb non-dilutive capital through the sale of a non-core business unit.

- Allows Verb to continue to focus on building its Carrier Services (Eurotel) and Tabrio™ lines of business.

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