X-Change Corporation Offers Telecom Start-Ups, Small/Mid Range Businesses and Emerging Countries 'Lease-n-Play' VoIP Opportunity New Entrants Can Lease Internet Phone Systems From X-Change Subsidiary for Up

to 5 Years

    DALLAS, Aug. 2 /PRNewswire-FirstCall/ -- The X-Change Corporation
 (OTC Bulletin Board:   XCHC) today announced that its wholly owned subsidiary,
 Innovative Telecommunications Technologies, Inc., is rolling out a flexible
 lease program for the Advanced IP Communications, Inc. (AIP) iPBX46 Business
 Phone System, for which Innovative Telecommunications is an authorized master
 value added reseller.
     The X-Change subsidiary's lease program gives traditional carriers and new
 voice entrants an opportunity to immediately build large, distributed VoIP
 networks without making the traditional up-front investment in central office
 equipment and architecture.  Innovative Telecommunications offers custom lease
 programs of up to five years to customers in its target market.  The company
 is launching the program both domestically and in key Asian markets.
     "Our primary market is the small to medium business.  These companies find
 monthly payment programs attractive," stated Robert Stevenson, General Manager
 of Innovative Telecommunications Technologies.  "All of our lease programs
 include the AIP VoIP Business Phone System and support for both the hardware
 and software."
     About Innovative Telecommunications Technologies
     Innovative Telecommunications Technologies is a development stage company
 specializing in VoIP technologies.  The X-Change Corp. subsidiary was created
 to capture the still-vacant market space for low-cost full-function phone
 systems for small to medium businesses.  Innovative Telecommunications will
 deliver VoIP solutions in selected vertical markets built around a
 multi-location and remote office strategy.  This strategy is designed to
 ensure rapid market penetration.
     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.  Innovative
 Telecommunications Technologies, Inc., AirGATE Technologies, Inc., and OIL ID
 Systems, Inc. are wholly owned subsidiaries the X-Change Corporation.  Please
 visit 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.
     For further information, please contact Bevo Beaven, Vice President,
 bevo@ctapr.com, or Cheryl Swanson, Media Relations Representative,
 Cheryl@ctapr.com, both of CTA Public Relations, +1-303-665-4200, for X-Change

SOURCE X-Change Corporation

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