Verb Exchange Inc.
TSX VENTURE : VEI

Verb Exchange Inc.

May 08, 2008 11:43 ET

Verb Exchange Receives $1,000,000 in Warrant Exercise

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Verb Exchange (TSX VENTURE:VEI), a leader in digital media, today announced that the Company has received net proceeds of $1,000,000 through the exercise of five million warrants.

The exercise will fund Q2 and Q3 marketing and development initiatives in support of the Company's aggressive subscriber acquisition targets for Tabrio, a global communication service scheduled for release in May, 2008. Tabrio is developed and maintained by Tabrio Communications. Inc., a wholly-owned subsidiary of Verb Exchange.

"The financing from the warrants will support mass subscriber adoption this month and beyond," said Aron Buchman, President, Verb Exchange. "Our beta releases have confirmed the extremely viral nature of Tabrio. It's the communication platform people have been waiting for, and we are extremely well positioned to meet the expected demand."

Tabrio is a global communication service that makes it easy and affordable to stay in touch with anyone, anywhere, on any device. Users can make high quality, low-cost long distance calls from their mobile, landline or PC, and send global text messages at local rates. Contacts are synchronized automatically, for a global address book that's always available, even offline. For advertisers, Tabrio's advanced advertising engine combines ad delivery, inventory management and analytics to create the ultimate relationship-marketing platform.

About Verb Exchange

Verb Exchange (TSX VENTURE:VEI) is defining the next generation of mobile and online communications for consumers and advertisers. A leading digital media company, Verb Exchange delivers international connectivity with its telco-grade carrier services, and is revolutionizing global communication with the introduction of Tabrio's low-cost, crystal clear long distance calling and two-way text messaging from any mobile, landline or PC. Proprietary advertising and analytics platform ensures precisely targeted campaigns to Tabrio users based on detailed geographic, demographic and psychographic profiles.

In 2007, VEI was recognized as Canada's #1 technology company by both Backbone Magazine and The Globe and Mail, as measured by year-on-year revenue growth. Business in Vancouver listed VEI as #1 on its list of Top 100 Fastest Growing Companies in B.C., based on percentage growth in revenue between 2002 and 2006. For more information visit www.verbx.com.

About Tabrio

Tabrio is a better way to stay in touch with the people you care about. Finally, people everywhere can make low-cost long distance calls with exceptional call quality, and send--and reply to--global text messages at local rates. Important numbers are always at hand with contact synchronization that automatically maintains a single global contact list. Tabrio is available on any mobile, landline or PC, for unbeatable freedom and convenience. For more information, see: http://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.

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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