LOS ANGELES, March 15 /PRNewswire-FirstCall/ -- The X-Change Corporation (Pink Sheets: XCHC), a multimedia and e-commerce venture serving the diverse and growing Hispanic markets, announced today that it intends to immediately relocate the company to Beverly Hills, CA.
Company President and CEO, Haviland Wright, Ph.D., said, "Not only are most of our management team and board members located west of the Mississippi, but the technology and content providers and entertainment talent with whom we will be working are easy to find here, too. As a matter of capital conservation, we have arranged for temporary office space in a large executive-office facility in Beverly Hills."
Dr. Wright added, "Over the coming weeks, we will be working to identify the best technologies and to negotiate the content-licensing and content-developing deals that will enable us to launch our businesses. We pledge to keep you informed of our progress with each new development."
Executive Vice President, Fernando Antonio Gomez, said, "In serving Hispanic markets, we serve a complex and rich set of communities, located in North America and the Caribbean. We serve eighth-generation Mexican-Americans who are leaders in their communities as well as hopeful immigrants building better lives for their families. We serve the peoples of the great island nations, individuals working to feed the country, and those creating the best entertainment on earth."
About The X-Change Corporation
The X-Change Corporation is a multimedia and e-commerce venture serving the diverse and growing Hispanic markets of North America, including Canada, North America, and Mexico through the provision of services tailored to their cultural expectations and preferences. These services initially include a bilingual home shopping network accessible through the web, mobile devices, and TV, and an entertainment service delivering Latino-targeted content to web browsers and mobile devices. The Company intends to seek out or build complementary products that help it achieve its goals for growth and profitability.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. The X-Change Corporation does not undertake any duty nor does it intend to update the results of these forward-looking statements.
SOURCE The X-Change Corporation