Message #51 From:
NewsBot Date: January 5, 2007 01:00:00 PM
XCHC News Michael L. Sheriff, CEO of X-Change Corporation Will Take Short Leave of Absence
DALLAS--(BUSINESS WIRE)--X-Change Corporation (OTCBB: XCHC) today announced that Michael L.
Sheriff, its president and Chief Executive Officer, will take a short
leave of absence from day-to-day operations for treatment of a medical
condition. He will be involved in company decisions and planning. It is
expected that Mr. Sheriff will return to active management in three to
four weeks. Mr. Charles Stidham has been appointed acting CEO.
“During my absence AirGATE will meet its
expectations, and I look forward to my return. Our recent management
additions, Kathleen Hanafan, COO, and Karey Daniels, VP Finance, and the
entire AirGATE team will contribute to our next level of growth,”
stated Sheriff
X-Change Corporation, through its wholly-owned subsidiary, AirGATE
Technologies, Inc. is a leader in unique, vertical market applications
utilizing RFID and wireless, intelligent, sensor technology. AirGATE
Technologies, a full-solution company, handles business assessment,
technology selection, including proprietary AirGATE technology,
integration and support. 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.
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.
