Verb Exchange Inc. Announces Expansion of Carrier Services Subsidiary, Eurotel
For Immediate Release:
Verb Exchange Inc. Announces Expansion of
Carrier Services Subsidiary, Eurotel
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
Vancouver, BC, Canada – September 16, 2008 – Verb Exchange, Inc. (TSX:V‐VEI) 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.”
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 on 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.