Verb Exchange Inc.

Verb Exchange Inc.

September 16, 2008 09:30 ET

Verb Exchange Inc. Announces Expansion of Carrier Services Subsidiary, Eurotel

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2008) - Verb Exchange Inc. (TSX VENTURE:VEI) -

Announcement Highlights

- New customers and routes to add to existing solid Carrier Services revenue base

- Verb's subsidiary, Eurotel Inc. hires Mr. Avi Kornblum as Vice President - Carrier Services

Verb Exchange Inc. is pleased to announce that it has hired Avi Kornblum to serve as Vice President - Carrier Services of Eurotel. Utilizing its own telecom-grade network, Eurotel provides voice and data bandwidth to the world's largest telecommunication companies, delivering more than 30 million minutes per month.

Mr. Kornblum is based in New Jersey, near Verb Exchange's switching center at 60 Hudson in Manhattan, one of the largest international hubs for telecommunications carriers and leading global service providers. Most recently with IDT Telecom of New Jersey where he was responsible for managing dozens of major customer/vendor relationships totaling many millions of dollars in revenue, Mr. Kornblum is immediately responsible for adding new business with major carriers around the world.

"I am very pleased to welcome Avi onto the Verb team," said Craig Goldenberger, CEO of Verb Exchange. "I've known Avi for several years and when the opportunity came to acquire an executive of Avi's talent and experience, we jumped at the opportunity. We feel very fortunate that he chose Verb over several larger competitors."

"I am very pleased to join the team at Verb and Eurotel," said Mr. Kornblum. "Eurotel already enjoys a reputation as a trusted source for major carriers and quality retail providers. Both Craig and I have a shared vision to grow that reputation globally."

"Since Verb's acquisition of Eurotel in mid 2005, we have grown Carrier Service revenues from CAD$650,000 to over CAD$2,400,000 per month (June 2008). Over the past few weeks, Avi has already initiated new vendor and customer contracts with major carriers in the US, and PTT's in Europe and South America, to supply new routing in key areas and we are forecasting continued growth in both revenue and margin," said Goldenberger. "Taking full advantage of our direct routes to Central and South America, and the Middle East, Avi has also brought us several new vendors of proven capabilities that will significantly enhance our ability to service major carriers by creating a large presence on their routing tables."


Verb Exchange Inc. (TSX VENTURE:VEI) is redefining mobile and online digital media communications. Global users can use our low-cost high-quality communications platforms on their desktop, web and/or mobile phones. In 2007, Verb Exchange was recognized as Canada's #1 technology company by Backbone Magazine, and by Business In Vancouver as first on its list of the 'Top 100 Fastest Growing Companies in BC'. For more information, see:

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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