The X-Change Corporation Announces Appointment of Board of Directors and Officers

LOS ANGELES, March 10 /PRNewswire-FirstCall/ -- The X-Change Corporation (OTC: XCHC.PK), a multimedia and e-commerce venture serving the diverse and growing Hispanic markets, announced today the appointment of its Board of Directors and Officers.

The newly appointed directors include Haviland Wright, Ph.D. and Ron Vigdor. Fernando Antonio Gomez and Richard T. Steele will continue serving as directors.

Officers of the company include Haviland Wright, Ph.D., President and Chief Executive Officer; Fernando A. Gomez, Executive Vice President and Secretary; and Ron Vigdor, Treasurer.

Haviland Wright, Ph.D., President and CEO. Dr. Wright is an international technology consultant and investor who served as chief development officer for Profitability of Hawaii, a Honolulu-based software development firm. In addition, he is a director of Ventura-based software company, Elixir Technologies Corporation, where he was chairman from 2003 through 2006 and managed a successful turnaround.  He also serves as an Independent Director of Boston-based Compass Group of Mutual Funds, managed by MFS, a wholly owned subsidiary of Sun Life of Canada. He was a director of LCD display developer Nano Loa, Inc., based in Kanagawa, Japan, which he founded with LCD pioneer Akihiro Mochizuki. Dr. Wright was formerly chairman and CEO of LCOS (liquid crystal on silicon) display manufacturer Displaytech, Inc. He served as chief scientist and senior vice president of Interleaf, Inc., following Interleaf's acquisition of Avalanche Development Company, an SGML pioneer that he founded in Boulder, Colorado. Dr. Wright received his B.A. degree from the University of Pennsylvania in mathematics and history; his M.B.A. and Ph.D. from the University of Pennsylvania, The Wharton School, where his areas of concentration were accounting and systems sciences. He completed the CPA and CMA accounting certifications, has held faculty positions at the University of Colorado and the University of Denver, and has authored numerous articles for research and industry publications.

Ron Vigdor. Mr. Vigdor is an entrepreneur and active member of his family's international trading and investment company, where he has worked from a young age, interrupted only by his Israeli Army service. In the late 80's, Vigdor founded an ISP and long-distance calling-card company and gained telecommunications and trade-financing experience in South America and the Caribbean. Vigdor served as lead investor and founding Chariman of the Board of Fort Lauderdale-based Balize, Inc., an early-to-market social-networking venture. He has served in senior executive and directorial capacities at companies around the world in which he has a financial interest, including among others, the Canadian e-commerce and auction processor Kyozou (www.kyozou.com), GPS vehicle locator system Skyewatch (www.skyewatch.com), and safe-baby-bottle manufacturer Born Free, Inc. (www.newbornfree.com). Vigdor is a US citizen, married with children and living in Boca Raton, Florida.

Fernando A. Gomez.  A senior sales and marketing executive, Mr. Gomez possesses over 25 years of experience in broadcasting, cable television and news media within the United States and the International Markets.  Mr. Gomez' background includes broad-based strategic marketing planning and highly successful Sales and Affiliate Relations stints throughout his career with Maya Entertainment, Batanga.com, Starmedia/Wanadoo, MSN Latino, Prime Deportiva, C3D Digital, Bravo International, The Weather Channel Latin America, The Inspirational Network, Univision, and Galavision.

Richard T. Steele. Mr. Steele is President and Chief Executive of Network Distribution Group, Ltd., a CableTelevision, Satellite, Broadcast, Media and Internet consulting company, which assists cable television networks with their respective network distribution onto cable television systems, broadcast stations, as well as satellite, and assists start-up internet/media companies with financial planning, funding and distribution.  In the past 4 years, Mr. Steele has become involved with a number of Hispanic media projects, including a Spanish language children's cable television network, a Spanish language cable television shopping channel, a Spanish language internet membership enterprise and a Spanish language on-line shopping venture.

About The X-Change Corporation

The X-Change Corporation is a multimedia and e-commerce venture serving the diverse and growing Hispanic markets of North America, including Canada, North America, and Mexico through the provision of services tailored to their cultural expectations and preferences. These services initially include a bilingual home shopping network accessible through the web, mobile devices, and TV, and an entertainment service delivering Latino-targeted content to web browsers and mobile devices. The Company intends to seek out or build complementary products that help it achieve its goals for growth and profitability.

Forward-Looking Statements

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur.  The X-Change Corporation does not undertake any duty nor does it intend to update the results of these forward-looking statements.

SOURCE The X-Change Corporation