EXHIBIT 99.1

                                  Press Release






The X-CHANGE CORPORATION Acquires WEBiX Inc.

TUESDAY, JANUARY 15, 2002

New York, New York, January 15, 2002.- Effective today, the shareholders of
WEBiX Inc. assumed control of The X-Change Corporation (OTC/BB: XCHC). The
transaction was effected through a merger of WEBiX Inc. into a wholly owned
subsidiary of The X-Change Corporation. In the transaction, the WEBiX
shareholders received 24 million shares of common stock and 4 million shares of
preferred stock (convertible into 40,000,000 shares of common stock). The
principal office of The X-Change Corporation is now located at 36 West 44th
Street New York City, NY, 10036.

WEBiX, under the direction of Company President, K. Richard B. Niehoff,
developed a web-based trading system for OTC/BB stocks. The Alternative Trading
System (ATS) will enable subscribers to display and execute orders in microcap
securities generally known as "OTC/BB stocks." The system will operate over the
internet on a "real-time" basis. Eventually, the ATS intends to file with the
SEC to become a national securities exchange for microcap issuers.

Additional details of the transaction will be available when the Form 8-KSB,
reporting the change of control, is filed with the Securities and Exchange
Commission on or before January 30, 2002. The following persons were appointed
as both Directors and Executive Officers at the closing:

         Donald E. Weeden, Director, is currently Chairman, of Weeden Securities
Corporation, the General Partner of Weeden & Co., L.P., a New York Stock
Exchange member firm, and a member of the National Association of Securities
Dealers.

         K. Richard B. Niehoff, President and Director, is the former President
and COO of the all-electronic Cincinnati Stock Exchange. He was also the
founding executive officer of the Nasdaq Trading Services Division.

         Molly Bayley, Executive Vice President and Director, was formerly Vice
President of NASDAQ Operations for the NASDAQ Stock Market and Director of
Market Surveillance for NASDAQ. She also served as the Executive Director of the
Commodity Futures Trading Commission.

         Eric Nissan, Senior Vice President and Director, has successfully
developed and implemented mission critical applications for top Wall Street
financial corporations and brokerages. Mr. Nissan was formerly a Founding
Partner of WebIAm Inc., and has created many Internet based applications ranging
from complete e-commerce systems to contest engines.

This news release includes forward-looking statements related to The X-Change
Corporation that involve risks and uncertainties, including, but not limited to,
quarterly fluctuations in results, the management of growth, market acceptance
of certain products and other risks. These forward-looking statements are made
in reliance on the "safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995. For further information about these factors that could
affect The X-Change Corporation future results, see the company's filings with



the Securities and Exchange Commission (the "Commission"). Prospective investors
are cautioned that forward-looking statements are not guarantees of future
performance. Actual results may differ materially from management expectations.

For additional information contact The X-Change Corporation, Susan Lapczynski,
Vice President, 36 W. 44th Street, Suite 1209, New York, NY 10036: Phone
646-728-7023, Fax 646-728-7029.