Verb Exchange Inc. Provides Progress Update
Vancouver, BC, Canada – October 21, 2008 – Verb Exchange, Inc. (TSX:V‐VEI) is pleased to announce that many of our Tabrio™ Key Performance Indicators continue to exceed and outperform internal projections.
Announcement Highlights
- Strong Viral Subscriber Growth being experienced in South America, Northern Europe, India and China.
- Conversion rates exceeding internal projections and below budgeted costs.
- Page views per visitor and ad impression steadily increasing.
Significant viral growth is still being experienced in India, South America and Northern Europe.
In addition, page views per visitor have more than doubled and time on site has dramatically increased over the last few weeks resulting in an increasing amount of ad impressions on the website.
Subscriber time on Tabrio™ continues to increase and call and text volume are climbing, a key indicator to the quality and satisfaction of service that Tabrio™ is providing to subscribers.
Craig Goldenberger states, “We are very pleased with the strong viral uptake in emerging markets that are crucial to the success of our business model. We are growing our subscriber base quickly and most importantly below budget. With our week over week uptake increasing as is, we should have a major subscriber milestone to announce before year end.”
About Tabrio
Tabrio is a personal communications service developed by Tabrio Communications, Inc. a wholly‐owned subsidiary of Verb Exchange, Inc. Tabrio provides global users with low cost, crystal clear long distance calling, two‐way text messaging and easy contact management. Tabrio runs on existing equipment, and does not require a special phone or headset. Every user receives a $5 US credit following account creation, and pays only for the minutes they use. For advertisers, proprietary advertising and analytics technologies ensure precisely targeted campaigns to Tabrio users based on detailed geographic, demographic and psychographic profiles. For more information and to download Tabrio visit www.tabrio.com.
About Verb Exchange
Verb Exchange (TSX‐V: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 telecom‐grade carrier services, and is revolutionizing global communication with the introduction of Tabrio, a personal communication service for low cost, high quality long distance voice calling and text messaging. Proprietary advertising and analytics platform ensures precisely targeted campaigns to Tabrio users based on detailed geographic, demographic and psychographic profiles.
In 2007, Verb Exchange was recognized as Canada's #1 technology company by Backbone Magazine, and by BIV Magazine as first on its list of Top 100 Fastest Growing Companies in BC. For more information, see www.verbx.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.
Investor Relations Contact
Arlen Hansen
+1 866.568.9528
arlen@kincommunications.com
Media Relations Contact
Christopher I. Bennett
Manager, PR and Corporate Communications
Verb Exchange, Inc.
+1 866.824.2273
christopher@verbx.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.