XChange Communications Acquires Reliable Telecard and INTC Communications

20 Jun, 2007, 01:00 ET from XChange Communications

    MIAMI, June 20 /PRNewswire/ -- Leading platform service provider,
 XChange Communications, announced today that it has acquired Reliable
 Telecard and INTC Communications. Drawing millions of users each month with
 their unique voice and in-depth technical abilities, Reliable Telecard and
 INTC Communications are proven prepaid resources.
     "Reliable Telecard is by far the most aggressive agent conscious
 supplier of Telecom Services. We at XChange Communications have been their
 fans for a long time and we extend a big welcome to the Reliable Telecard
 and INTC team."
     The acquisition calls for XChange Communications to take over the
 assets and distribution base of Reliable Telecard and INTC Communications.
 The transaction will cause no interruption in operations and XChange
 Communications will remain loyal to all existing Reliable and INTC
 customers.
     "One of the difficulties of operating Reliable Telecard and INTC
 Communications independently has been the balance between producing quality
 and delivering new products," said Issa Asad, founder of Reliable Telecard
 and INTC Communications. "Now, with the support of XChange Communications,
 I'll be able to devote more of my time to expanding and improving our
 products -- such as product competitiveness while still delivering
 high-quality telecom services that our users have come to expect."
     Started as a reseller in 1998, XChange Communications, a Fortune
 company based in Miami, has grown to be one of the top service providers in
 the world for companies interested in VoIP terminations and SIP based
 Protocol. Each month XChange has seven million unique users (over 122
 million sessions) who consume over 120 million minutes. XChange
 Communications seeks to be one of the nations most customer-centric
 companies, and endeavors to offer its customers the lowest possible prices.
 XChange Communications offers a vast array of products and services various
 in categories.
     XChange Communications Forward Looking Statements
     This announcement contains forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934. Actual results may differ significantly
 from management's expectations. These forward-looking statements involve
 risks and uncertainties that include, among others, risks related to
 competition, management of growth, new products, services and technologies,
 potential fluctuations in operating results, international expansion,
 outcomes of legal proceedings and claims, fulfillment center optimization,
 seasonality, commercial agreements, acquisitions and strategic
 transactions, foreign exchange rates, system interruption, significant
 amount of indebtedness, inventory, government regulation and taxation,
 payments and fraud. More information about factors that potentially could
 affect XChange Communications financial results is included in XChange
 Communications filings with the Securities and Exchange Commission,
 including its Annual Report on Form 10-K for the year ended December 31,
 2006, and all subsequent filings.
     For more information:
     XChange Communications US Media Hotline: 1-800-704-3250 ext. 138
 
 

SOURCE XChange Communications
    MIAMI, June 20 /PRNewswire/ -- Leading platform service provider,
 XChange Communications, announced today that it has acquired Reliable
 Telecard and INTC Communications. Drawing millions of users each month with
 their unique voice and in-depth technical abilities, Reliable Telecard and
 INTC Communications are proven prepaid resources.
     "Reliable Telecard is by far the most aggressive agent conscious
 supplier of Telecom Services. We at XChange Communications have been their
 fans for a long time and we extend a big welcome to the Reliable Telecard
 and INTC team."
     The acquisition calls for XChange Communications to take over the
 assets and distribution base of Reliable Telecard and INTC Communications.
 The transaction will cause no interruption in operations and XChange
 Communications will remain loyal to all existing Reliable and INTC
 customers.
     "One of the difficulties of operating Reliable Telecard and INTC
 Communications independently has been the balance between producing quality
 and delivering new products," said Issa Asad, founder of Reliable Telecard
 and INTC Communications. "Now, with the support of XChange Communications,
 I'll be able to devote more of my time to expanding and improving our
 products -- such as product competitiveness while still delivering
 high-quality telecom services that our users have come to expect."
     Started as a reseller in 1998, XChange Communications, a Fortune
 company based in Miami, has grown to be one of the top service providers in
 the world for companies interested in VoIP terminations and SIP based
 Protocol. Each month XChange has seven million unique users (over 122
 million sessions) who consume over 120 million minutes. XChange
 Communications seeks to be one of the nations most customer-centric
 companies, and endeavors to offer its customers the lowest possible prices.
 XChange Communications offers a vast array of products and services various
 in categories.
     XChange Communications Forward Looking Statements
     This announcement contains forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934. Actual results may differ significantly
 from management's expectations. These forward-looking statements involve
 risks and uncertainties that include, among others, risks related to
 competition, management of growth, new products, services and technologies,
 potential fluctuations in operating results, international expansion,
 outcomes of legal proceedings and claims, fulfillment center optimization,
 seasonality, commercial agreements, acquisitions and strategic
 transactions, foreign exchange rates, system interruption, significant
 amount of indebtedness, inventory, government regulation and taxation,
 payments and fraud. More information about factors that potentially could
 affect XChange Communications financial results is included in XChange
 Communications filings with the Securities and Exchange Commission,
 including its Annual Report on Form 10-K for the year ended December 31,
 2006, and all subsequent filings.
     For more information:
     XChange Communications US Media Hotline: 1-800-704-3250 ext. 138
 
 SOURCE XChange Communications