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Message: Past top pick..VEI...

Past top pick..VEI...

posted on Mar 17, 2009 09:35AM

Looks like VEI can finally get some respect..

It's a brutal market but VEI is making money..



Verb Exchange Inc. Announces significant year to date 2009 Revenue Growth
3/17/2009 9:15:44 AM - NWC

Mar 17, 2009 (TheNewswire.ca via COMTEX News Network) --

(via Thenewswire.ca)

î??.Carrier Services Revenue 2009 fiscal year-to-date sales higher than total Q1 2008

î??.Partners with Global Convergence Systems for increased margins

Vancouver, BC- March 17, 2009 -Verb Exchange Inc. (TSX-V: VEI) is pleased to provide an update for its Carrier Services division Eurotel. Verb's subsidiary posted revenue for fiscal year-to-date 2009 (as of March 12th) exceeding $5.6 million; Carrier Services Revenue for Q1-2008 (Jan to March 31st, 2008) was reported at approx $4.3 million.

Verb Exchange Inc. is also pleased to announce a partnership with Global Convergence Systems (GCS) to leverage recent technological advancements in Least Cost Routing and Billing in a fully automated, hosted environment. "As a fully-hosted solution, GCS Dynamic Route Manager and Dynamic Rate Manager allow us to manage our growth efficiently, without increases in head count or capital expenditures. We are now able to route down to specific local exchanges and price accordingly. This has enabled us to expand our number of terminating partners and further focus our resources on sales," said Craig Goldenberger, Verb Exchange Inc. CEO " Last year we routed in excess of $25 million in long distance traffic. Even small efficiencies in our routing process can have a tremendously positive impact on our bottom line."

GCS is an industry leading telecommunications software and solutions company; providing technologies to Next Generation Networks for carriers and service providers. The company is based in Skillman New Jersey and is led by industry experts with intimate knowledge of the challenges and opportunities facing carriers. "We are extremely thrilled to be working with Verb Exchange and Eurotel," said Neal Axelrad, CEO of GCS. "We know we can help not only on their wholesale Carrier Services business, but also allow Verb Exchange flagship product, Tabrio to take advantage of these efficiencies."

ABOUT VERB EXCHANGE:

Verb Exchange (TSX-V: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 Tabrioâ?¢ talk and text

3. Highly Targeted Online, Desktop and Mobile Advertising through Tabrioâ?¢

Eurotel's global network infrastructure and cash flow compliments our rapidly growing Tabrioâ?¢ subscriber base. Tabrioâ?¢ is a high quality, low-cost talk and text application that works from any desktop, web browser or mobile phone with ease. Tabrioâ?¢ 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

Contact Information:

Verb Exchange Inc. CEO

Mr. Craig Goldenberger

+ 1 604.684.4105

ceo@verbx.com

Investor Relations Contact

Arlen Hansen

+1 604.684.6730

+1 866.684.6730

arlen@kincommunications.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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.

Copyright (c) 2009 Thenewswire.ca - All rights reser

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