AirGATE Technologies, World Class Software Sign Agreement
DALLAS, June 8 /PRNewswire-FirstCall/ -- The X-Change Corporation (OTCBB: XCHC) today announced that AirGATE Technologies, Inc., its wholly owned subsidiary, has entered into an agreement with World Class Software of Allen, Texas, for development support. In anticipation of strong RFID demand, AirGATE Technologies is pleased to have the resources and experience of World Class Software in the development of its "Matrix Analytic Engines," and their deployment into complex database environments. World Class Software is recognized for its Microsoft and .Net experience, and its development of complex systems for the telephony market. Tornado, a key component of the Matrix Analytic Engine, is .Net based. "Bob Williams, President of World Class Software, and I have worked together in the past," stated Michael Sheriff, CEO of AirGATE Technologies. "I can rely on his judgment and experience, and we are very pleased to have him as a resource to support our Matrix product." About AirGATE Technologies AirGATE Technologies is a development stage company specializing in wireless data management technologies. The company designs and develops applications utilized in RFID deployments. AirGATE will deliver RFID solutions in selected vertical markets built around a data management and integration strategy based on its Matrix Analytic Engine. This strategy is designed to ensure rapid market penetration and maximum return on investment. Please visit www.AirGATEtech.com for more information. About the X-Change Corporation The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The Company 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. Please visit www.x-changecorp.com for further information. About Matrix Analytic Engines Developed by AirGATE Technologies, this data visualization and data-mining engine will manage enormous amounts of data, from a variety of sources, including RFID. Its function is to normalize data and insure compatibility with existing database, ERP, and supply chain systems. 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. For further information, please contact Bevo Beaven, Vice President, firstname.lastname@example.org, or Carl Thompson, Principal, email@example.com, both of CTA Public Relations, +1-303-665-4200, for X-Change Corporation.
SOURCE X-Change Corporation
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