DALLAS--(BUSINESS WIRE)--X-Change Corporation (OTCBB:XCHC) announced it has incorporated a
wholly owned subsidiary, OAG Systems, Inc. Michael Sheriff, Scott
Thompson and Ivan Chow will serve as initial directors and officers of
the new subsidiary. AirGATE Technologies, Inc., a wholly owned
subsidiary of the X-Change Corporation, will transfer certain technology
and intellectual property to the new company.
“With our increasing emphasis and
commercialization of our oil industry technologies using wireless and
RFID, we felt that a dedicated company focusing on this growing market
made sense for the X-Change Corporation and AirGATE Technologies, Inc.,”
stated Michael Sheriff, president and CEO of X-Change Corporation.
About the X-Change Corporation
The X-Change Corporation intends to acquire interests in emerging
technology opportunities, such as RFID, that the Company believes will
generate significant revenues and return a profit to shareholders.
AirGATE Technologies is a wholly owned subsidiary of the X-Change
Corporation. AirGATE applies its skill and expertise to unique, vertical
market applications utilizing RFID and wireless, intelligent, sensor
technology. The Company has, in an environment of technology cost
compression, built a stable of technology partners that are best in
class and span a wide range of solutions to support small, medium and
large enterprises. Please visit www.AirGATEtech.com
or www.x-changecorp.com for
further information.
All trademarks used, referenced, or implicitly contained herein are
used in good faith and highlighted to give proper public recognition to
their respective owners.
Forward-Looking Statements
Except for historical information contained herein, the statements made
in this release constitute forward-looking statements (including within
the meaning of Section 27A of the United States Securities Act of 1933
and Section 21E of the United States Securities Exchange Act of 1934).
Such forward-looking statements are based on current expectations that
are subject to significant risks and uncertainties that are difficult to
predict, including statements regarding the intent, belief or current
expectations of the X-Change Corporation, AirGATE Technologies and their
respective managements regarding strategic directions, prospects and
future results. These forward-looking statements include, among other
things, statements regarding future events and the future financial
performance of the X-Change Corporation that involve risks and
uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from actual
future events or results. Readers are referred to the documents filed by
the X-Change Corporation, which are on file with the U.S. Securities and
Exchange Commission and may be accessed at http://www.sec.gov
or the X-Change Corporation's investor relations web page at http://www.x-changecorp.com/index.html,
and specifically the most recent reports on Form 10-K and 10-Q, each as
it may be amended from time to time, which identify important risk
factors that could cause actual results to differ from those contained
in the forward-looking statements. The X-Change Corporation disclaims
any obligation to update or correct any forward-looking statements made
herein due to the occurrence of events after the issuance of this press
release.
