X-Change Corporation's AirGATE Technologies Approved by China EPC Working Group
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 release. For further information, please contact Bevo Beaven, Vice President, firstname.lastname@example.org, or Carl Thompson, Principal, email@example.com, both of CTA Public Relations, +1-303-665-4200, for X-Change Corporation.
SOURCE X-Change Corporation
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