EXHIBIT 99.1


FOR IMMEDIATE RELEASE                     CONTACTS:   MICHAEL L. SHERIFF
- ---------------------                                 CHIEF EXECUTIVE OFFICER
                                                      X-CHANGE CORPORATION
                                                      (972) 747-0051

                                                      KATHLEEN HANAFAN
                                                      AIRGATE TECHNOLOGIES, INC.
                                                      CHIEF OPERATIONS OFFICER
                                                      (972) 747-0051


                       X-CHANGE CORPORATION CLOSES INITIAL
                           ROUND OF PRIVATE PLACEMENT

DALLAS, FEBRUARY 20, 2007 -- X-CHANGE CORPORATION (OTCBB: XCHC) has closed an
initial round of $575,000 as part of its offering of its securities for up to $6
million in a private placement to accredited investors announced on February 6,
2007. The Company expects to complete the private placement in one or more
additional closings and to use the proceeds of the offering to repay debt and
for growth and working capital, including to further RFID solutions such as a
complete product authentication solution, high volume surface acoustic wave
(SAW) systems, RFID-enabled phones for collect calls in correctional
institutions and a down hole exploration tool for the oil industry.

X-Change Corporation intends to comply with Regulation D of the Securities Act
of 1933. The securities will not be registered under the Securities Act and may
not be sold, assigned or transferred unless the sale, assignment or transfer of
such securities is registered under the Securities Act of 1933 or an applicable
exemption from the registration requirements of the Securities Act of 1933. This
press release is issued pursuant to Rule 135(c) under the Securities Act of 1933
and shall not constitute an offer to sell or the solicitation of an offer to buy
securities.

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,
including our need to raise capital, our dependence on strategic relationships
with key suppliers and customers, our business model's dependence on widespread
acceptance of RFID technology, our ability to develop recurring revenue streams
and the competitiveness of the market in which we compete. These forward looking
statements include statements regarding the intent, belief or current
expectations of the X-Change Corporation, AirGATE Technologies and their
respective managements regarding strategic directions, prospects, future events
and future results such as our ability to raise the full $6 million dollars to
complete the private placement in one or more additional closings. 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. 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.