X-Change Corporation's AirGATE Technologies Approved by China EPC Working Group

Jul 08, 2004, 01:00 ET from X-Change Corporation

    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
 AirGATE Technologies.
     "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.
     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
     For further information, please contact Bevo Beaven, Vice President,
 bevo@ctapr.com, or Carl Thompson, Principal, carl@ctapr.com, both of CTA
 Public Relations, +1-303-665-4200, for X-Change Corporation.

SOURCE X-Change Corporation