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.
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