Message #52 From:
NewsBot Date: January 9, 2007 05:00:00 AM
XCHC News X-Change Corporation Ranks No. 3 on DFW's Top 50 List of Fastest-Growing Public Companies
DALLAS--(BUSINESS WIRE)--X-Change Corporation (OTCBB: XCHC), through its wholly owned
subsidiary, AirGATE Technologies, Inc., ranked No.3 on the Dallas
Business Journal’s list of the fastest-growing
public companies in the Dallas-Fort Worth Metroplex based on outstanding
annual revenue growth. AirGATE is a leading provider of customized
applications using radio frequency identification (RFID) and wireless
intelligent, sensor technologies. The annual list ranks the area’s
top 50 public companies based on annual revenue growth. AirGATE’s
revenues increased 410 percent from 2005 to 2006 and the company
anticipates revenue growth for 2007 to top 500 percent.
“We invested heavily in research and
development last year and, as a result, we have great products going to
market this year,” said Michael L. Sheriff,
president and CEO of AirGATE. “What makes our
business exciting is that we team directly with companies to develop
closed-loop applications that give them a competitive edge, either
through improved products or smarter business processes.”
According to Sheriff, AirGATE’s customers are
typically Fortune 1000 companies interested in innovative ways to use
RFID and related wireless technologies to help them solve specific
business challenges. In addition to proprietary product-enhancing
features, such as a RFID-enabled prison phone and a RFID-enabled child
safety seat, AirGATE has also developed product authentication solutions
to defend against counterfeiting, piracy, product diversion and theft of
intellectual property. “Tagging, tracking,
sensing and other new uses of RFID are byproducts of a global economy
and reflect the complexity involved in producing and distributing
products worldwide.”
About X-Change and AirGATE Technologies
AirGATE Technologies, Inc., a wholly owned subsidiary of X-Change
Corporation, is a leading provider of unique, vertical-market
applications using RFID and wireless, intelligent, sensor technology.
AirGATE offers a comprehensive suite of services, including business
assessment and technology selection, integration and support. The
company teams with best-in-class technology partners worldwide to offer
wide range of solutions designed to support any size enterprise. Please
visit http://www.airgatetech.com
or http://www.x-changecorp.com
for further information.
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.
