X-Change Corporation's AirGATE Subsidiary Seeks Revenue in Niche Markets

Aug 12, 2004, 01:00 ET from X-Change Corporation

    DALLAS, Aug. 12 /PRNewswire-FirstCall/ -- The X-Change Corporation
 (OTC Bulletin Board:   XCHC) today announced that AirGATE Technologies, Inc.,
 its wholly owned subsidiary, has successfully completed an initial test of its
 child safety seat utilizing RFID (Radio Frequency Identification) technology.
     "The development of our 'Smart Buckle' for automotive child safety seats
 has generated broad national interest, and we are working to complete the
 development of our prototype," stated Michael Sheriff, CEO of AirGATE
     "Based upon the enthusiastic response we have received for this
 RFID-enabled consumer product as well as interest for applications in the oil
 and gas industry and the manufacturing sector, we are concentrating our
 development activities on specific niche markets for consumer products and
 business users.  RFID can be employed to solve many problems that are not
 related to the global supply chain.  Our interest in supply chain
 applications, primarily driven by Wal-Mart and Department of Defense mandates,
 remains high.  However, we are concerned with the ability to create
 sustainable revenue and profits in the near term in the supply chain RFID
 application because of the lack of standards, reader/antenna/tag issues, and
 the underlying physics of 915 MHz.  We will continue to develop our Matrix
 Analytic Engine, which addresses many of these issues, for deployment next
 year.  We will also work closely with our agents, and it is our intent to
 sub-contract our port opportunities as they occur.
     "We feel that we are more likely to generate revenue in the near term by
 utilizing our gained experience to provide unique RFID solutions to consumers
 and selected business opportunities.  In these cases, we are not subject to
 external forces; we control the environment -- we determine the
 readers/tags/antenna, etc. -- and we can provide our customer a 'best of
 breed' solution using technologies that meet the specific need."
     The AirGATE child restraint buckle will be outfitted with a miniature RFID
 (Radio Frequency Identification) tag that will transmit a low-powered radio
 signal to a reader, triggering an audible warning to the driver of the car
 when it detects that a child is riding in a safety seat whose straps are not
 properly buckled, or if the safety seat buckle is not disengaged and the child
 is not removed from the seat after the car is parked and the ignition is
 turned off, indicating that the child may have been unintentionally left in
 the car.
     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.
     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 of
 CTA Public Relations, +1-303-665-4200, bevo@ctapr.com, for X-Change

SOURCE X-Change Corporation