The X-Change Corporation had no products or services as of December 31, 2003. On February 9, 2004, the Company formed a wholly owned subsidiary, Air Gate Technologies, Inc., for the purpose of engaging in the development and acquisition of leading-edge wireless Internet/networking technologies, principally radio frequency identification. It was Air Gate's intent to create a core matrix analytic engine that could be customized for the requirements of various vertical industries, retail, manufacturing, health, etc. Air Gate was to rely upon its database and telecommunication competencies, plus its offshore capability to provide services and capabilities to analyze, interpret and manage complex data. In October 2004, the Company sold AirGATE Technologies, Inc. to certain employees of the subsidiary.