DALLAS, July 8 /PRNewswire-FirstCall/ -- The X-Change Corporation's
(OTC Bulletin Board: XCHC) AirGATE Technologies subsidiary has been approved
by the People's Republic of China for membership in the Technology and Service
League -- China EPC Working Group (Electronic Product Code).
"With record import volume coming from China into the United States,
particularly in the consumer products area, China has been positioning its own
radio frequency identification -- RFID -- push," said Michael Sheriff, CEO of
"RFID tagging of cases, pallets and containers at the point of origin in
China makes sense since much of their output is headed toward Wal-Mart and
other large U.S. retailers that have mandated the use of RFID for goods moving
through the supply stream. We are pleased to be recognized within China as a
leader in the development of RFID technology."
AirGATE's Matrix Analytic Engine is a data mining engine that is built to
manage the enormous amounts of data generated by RFID tracking of millions of
items moving through the global supply stream. It can be customized for the
unique requirements of various vertical industries such as retail, health and
medical, manufacturing, etc.
About China EPC Working Group
The China EPC Working Group of China Association for Standardization,
established in March 2003 and consisting of industries and individuals engaged
in RFID, is a not-for-profit organization initiated by China Association for
Standardization (CAS). At present, the Working Group's objectives include
monitoring the EPC RFID technology and standard developments, informing and
educating Chinese companies about EPC RFID, demonstrating key EPC RFID
products in selected sectors, and providing technical and consulting services
in EPC RFID arena.
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
For further information, please contact Bevo Beaven, Vice President,
email@example.com, or Carl Thompson, Principal, firstname.lastname@example.org, both of CTA
Public Relations, +1-303-665-4200, for X-Change Corporation.
SOURCE X-Change Corporation