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.
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,
firstname.lastname@example.org, or Carl Thompson, Principal, email@example.com, both of CTA
Public Relations, +1-303-665-4200.
SOURCE X-Change Corporation