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XCHC News X-Change Corporation Appoints David Ho as Its Chief Strategy Consultant

DALLAS--(BUSINESS WIRE)--X-Change Corporation’s (OTCBB: XCHC) wholly owned subsidiary, AirGATE Technologies, Inc., has appointed David Ho, the president of GroupBSC consulting in Shanghai, as its chief China strategy consultant.

“In spearheading our efforts to enter the Greater China market with our GenuDot System for product authentication, David’s extensive background as a business consultant and his insightful knowledge of China will be invaluable to us as AirGATE positions itself to enter into the hyper-growth markets in China. David was instrumental in AirGATE’s early admission to the China RFID EPC working group,” said Michael Sheriff, CEO of the X-Change Corporation.

“China is now, without a doubt, living up to its reputation as the world’s factory for manufacturing. We all know the importance of RFID in the field of logistics, trading and in expediting the movement of manufactured products. This allows us to apply product authentication technology using RFID at the time of manufacture.

“With David and his consulting group, GroupBSC, on board, AirGATE has an excellent chance of advancing product authentication in China using AirGATE’s unique RFID technology based on Hitachi’s mu-chip and secure AirGATE readers.

“AirGATE is one of the very early founding members of the china RFID EPC group, having joined the group in 2004,” continued Sheriff.

About X-Change Corporation

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.