Verb Exchange Inc.

Verb Exchange Inc.

August 24, 2009 18:00 ET

Verb to Amend April 2010 Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2009) - Verb Exchange Inc. (TSX VENTURE:VEI) (the "Company") announces that it intends to amend the terms of 15,000,000 warrants issued in October 2008. The warrants are currently exercisable at $0.15 per share, on or before April 3, 2010.

Under the terms of the proposed amendment, warrantholders that exercise at least half of their warrants on or before September 21, 2009 will be entitled to a reduction in the exercise price to $0.10 per share on 100 percent of the warrants they hold. Warrantholders electing not to exercise half of their warrants by September 21, 2009 will maintain their current $0.15 exercise price for the balance of the term of the warrants.

The proposed amendment remains subject to the approval of the TSX Venture Exchange and the warrantholders. Certain warrantholders may effect the sale of shares in arranged trades, through the facilities of the Exchange, in order to facilitate the exercise of warrants.


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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