X-Change Corporation Ships Equipment To ASAM Distributor For Saudi Aramco Oil Company
HOUSTON, Sept. 6, 2012 /PRNewswire/ -- X-Change Corporation (OTCQB: XCHC.PK) announced today that Guardian Telecom, Inc. has shipped its weatherized and d industrialized telephone systems to Saudi Aramco Oil Company. The value of the two shipments is $450,000.00. Guardian Telecom has now sold more than 1000 industrialized phones and acoustic booths to Saudi Aramco Oil Company at more than 1000 well sites throughout the kingdom through its distributor, ASAM (Ali Salim Al Midfa) Trading Establishment. The company expects to receive well over $2,000,000.00 million in shipments over the next 12 months. Saudi Aramco's aggressive expansion of oil pipelines and refineries over the next decade will increase Guardian Telecom, Inc. revenues tenfold in their industrialized product lines over the next several years in the Middle East.
Saudi Aramco is the world leader in the production of petroleum-based energy. Saudi Aramco is a state-owned oil company of the Kingdom of Saudi Arabia, and is a fully integrated, global petroleum and chemicals enterprise. The company is the world leader in exploration, production, refining, distribution, shipping and marketing, and they manage the world's largest proven conventional crude oil and condensate reserves of 259.7 billion barrels. Saudi Aramco's average daily crude production in 2011 was 9.1 million barrels per day (bpd), and the company has the world's fourth-largest natural gas reserves of 282.6 trillion standard cubic feet (scf). The company is now ranked as the 8th largest refiner worldwide for downstream.
Guardian Telecom, Inc.
Guardian Telecom Inc. is a leader in the design and manufacture of industrial communication equipment for oil and gas companies for on and off-shore rigs, oil refineries, mining, nuclear and power facilities worldwide. Guardian Telecom has expanded markets in the petrochemical, chemical and manufacturing facilities. Guardian has manufacturing facilities in Calgary, Canada and has sales and technical support offices in the United States, UAE and Dubai.
About X-Change Corporation
X-Change Corporation is building interests in a broad range of oil and gas projects worldwide. The Company is an independent energy company engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas.
About Guardian Telecom, Inc.
Guardian Telecom, Inc., based out of Calgary, Canada is the leader in the design and manufacturer of industrial communications equipment largely for the oil and gas, refinery, petrochemical, chemical, mining, nuclear and power facilities. Guardian's Explosion Proof products and components are designed to provide communications in Class 1 Division 1 and Class 2 Division 1 areas deemed to be hazardous due to the presence of flammable gasses, vapors, dust or fibers. www.guardiantelecom.com
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. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations.
Glenn Crowe - Marketing Department
SOURCE X-Change Corporation
More by this Source
XCHC Changes Corporate Name to "Endocan Corporation"; Medical Cannabis Industry-Driven Branding Campaign Begins with Name Change and Continues into the Arizona Dispensary Opening
Sep 26, 2013, 09:18 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.