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