Verb Exchange Inc. announced that it has closed the debenture financing that was previously announced on September 10, 2009 and amended on October 14, 2009, to increase it $300,000. The secured debentures have a twelve month term and bear interest at 15% per annum. The debentures are convertible into units of Verb at $0.10 per unit, at the option of the holder. Each unit consists of one common share and one half of one warrant, with each whole unit being exercisable at $0.15 per share for a 12 month period. All securities are subject to a four month hold period expiring February 16, 2010.

Verb Exchange Inc. provide an update for its carrier services division, Eurotel. Continued focus on new routes has resulted in record revenues of $5.4 million in August 2009, up over 50% from $3.6 million in the immediately preceding previous record month of July 2009. This record month brings quarter-to-date revenue from carrier services to over $9 million, and year-to-date revenue to $22 million.

Verb Exchange Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss before other items of CAD 374,551, net loss from operations of CAD 730,201, net loss of CAD 751,229, cash used for operating activities of CAD 732,439, purchase of equipment and intangible assets of CAD 2,233 and revenues of CAD 6,226,816 against net income before other items of CAD 85,810, net loss from operations of CAD 632,831, net loss of CAD 584,099, cash used for operating activities of CAD 508,318, purchase of equipment and intangible assets of CAD 501,710 and revenues of CAD 5,866,638 for the same period a year ago. For the six months, the company reported net loss before other items of CAD 789,064, net loss from operations of CAD 1,744,196, net loss of CAD 1,731,699, cash used for operating activities of CAD 1,497,719, purchase of equipment and intangible assets of CAD 2,681 and revenues of CAD 12,964,478 against net income before other items of CAD 216,850, net loss from operations of CAD 1,016,835, net loss of CAD 945,418, cash used for operating activities of CAD 692,016, purchase of equipment and intangible assets of CAD 907,818 and revenues of CAD 10,166,333 for the same period a year ago.