X-Change Corporation's Subsidiary Enters VoIP Telephone Market

Innovative Telecommunications Technologies Subsidiary Targets Growing Demand

by Small/Midsize International Businesses for Voice Over Internet Long


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

    DALLAS, July 1 /PRNewswire-FirstCall/ -- The X-Change Corporation
 (OTC Bulletin Board:   XCHC) today announced that its new subsidiary, Innovative
 Telecommunications Technologies, Inc., will market Voice over Internet (VoIP)
 business telephone systems from Advanced IP Communications, Inc. (AIP).
     The VoIP telephone systems being offered by X-Change's new subsidiary
 allow traditional carriers and new voice entrants to build large distributed
 VoIP networks without central office equipment investment and architecture.
 The system is virtually a "plug-in" installation working with either LAN-based
 VoIP phones or PC-based softphones.
     "We have seen first hand the increasing demand in the marketplace for
 affordable VoIP long distance communications systems targeted to companies
 with one or more overseas branch offices," commented Michael Sheriff, CEO of
 the X-Change Corporation.  "Through our numerous international contacts on the
 RFID side of our business, we recognized an opportunity to begin making a
 sales impact in this market.  AIP was created to capture the vacant market
 space for low-cost VoIP phone systems for small- to medium-sized businesses,
 and their reputation for quality and reliability made their products a perfect
 fit for the market we are going after."
     The X-Change Corp. has recruited Robert Stevenson to be General Manager of
 its Innovative Telecommunications Technologies subsidiary.  Stevenson is a
 business development executive with 27 years experience in sales, management
 and operations.  He previously served as General Manager, Communications
 Division, VCP International, Inc., National Sales Manager, ProNet Tracking
 Systems, Inc. (RF tracking systems) and U.S. Director of Sales, American
 Messaging Service, Inc.
     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 (radio frequency identification), VoIP
 (Voice over Internet Protocol) and related technologies that the Company
 believes will generate significant revenues and return a profit to
 shareholders.  Innovative Telecommunications Technologies and AirGATE
 Technologies are wholly owned subsidiaries 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, Innovative Telecommunications
 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,
 bevo@ctapr.com, or Carl Thompson, Principal, carl@ctapr.com, both of CTA
 Public Relations, +1-303-665-4200.

SOURCE X-Change Corporation