DALLAS, June 28 /PRNewswire-FirstCall/ -- Officials from the X-Change
Corporation (OTC Bulletin Board: XCHC) and its wholly owned subsidiary AirGATE
Technologies met with senior officials of Vietnam's Vung Tao Commercial Port
today to refine further details regarding the port's deployment of radio
frequency identification (RFID). AirGATE is the exclusive supplier of RFID
services to Vung Tau Commercial Port.
Vung Tau Commercial Port is a deepwater port that is seen as a key
import/export hub for Vietnam. It is located in BaRia-Vung Tau Province in
the southern key economic zone that includes Ho Chi Minh City (Saigon), Dong
Nai and Binh Duong provinces. As of late 2002, the province contributed six
percent of the nation's total GDP, was home to 4.6% of the nation's foreign
invested projects, and exported more than 21 percent of the nation's total
In a related development, AirGATE has entered into an agreement with TM
Trading Company, Inc. of Garland, Texas and Santa Clara, California, to expand
its RFID sales presence into Cambodia, Laos, Thailand, Korea, Taiwan and
Australia. TM Trading Company handles significant volumes of goods entering
and leaving Vietnam and other Pacific Rim countries.
"Because of the strong RFID interest coming from Southeast Asia, we are
pleased to engage the resources and experience of TM Trading Company as our
representative for RFID applications," stated Michael Sheriff, CEO of AirGATE
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.
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.
Bevo Beaven, Vice President
Carl Thompson, Principal
CTA Public Relations
SOURCE X-Change Corporation