LOS ANGELES, May 3 /PRNewswire-FirstCall/ -- The X-Change Corporation (OTC: XCHC), a multimedia and e-commerce venture serving the diverse and growing Hispanic market, announced the soft launch of its social networking site called MundoTribu ("world tribe") at www.mundotribu.com. The site became active Sunday, May 2nd, at noon CDT.
Company President and CEO, Haviland Wright, Ph.D., said, "Our shopping subsidiary, Commerce Services, Inc., has today launched a new service where our customers will enjoy shopping, financial services, auctions, health advice, and music. This soft launch does not represent our design for the completed site, but is intended to help us interact with our markets and shape our offerings to their requirements and taste. We are particularly proud of our strategy of providing shopping for merchandise in various forms, including immediate purchases, financed purchases, traditional auctions, and the exciting world of penny auctions."
Richard T. Steele, president of Commerce Services, added, "Through partnerships, we will be offering a variety of financial services, including prepaid debit cards and multiple-payment financing. We are particularly mindful of a responsibility to serve those who are underbanked or unbanked, a significant source of income in the banking markets these days."
X-Change Corporation executive vice president, Fernando A. Gomez, said, "We intend to build the largest, most engaging and entertaining social networking site serving the Hispanic market, creating at the same time substantial value for our customers and shareholders."
The Company intends to release additional information in conjunction with the full launch of major site channels within MundoTribu.
About The X-Change Corporation
The X-Change Corporation is a publicly traded shopping, auction, and social networking venture serving the diverse and growing Hispanic markets of North America, including Canada, the USA, and Mexico, through the provision of services tailored to our customers' cultural expectations and preferences. Commerce Services, Inc., a subsidiary of The X-Change Corporation, announced a soft launch of its social networking site, MundoTribu.com, on May 2, 2010. The slogan of MundoTribu is "One World. One Tribe." With links to other social networking sites, MundoTribu enables the building of tribes, common-interest groups such as sports, entertainment, hobbies, eating, health, and activities. In addition, MundoTribu will soon offer a variety of types to shop, ranging from comparison shopping to several types of auction. The service will also offer financial services, such as prepaid debit cards and purchase financing. The Company intends to seek out or build complementary products that help it achieve its goals for growth and profitability.
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