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EXHIBIT 99.2
FOR IMMEDIATE RELEASE CONTACTS: MICHAEL L. SHERIFF
- --------------------- CHIEF EXECUTIVE OFFICER
X-CHANGE CORPORATION
(972) 747-0051
RICK EISENBERG
EISENBERG COMMUNICATIONS
(212) 496-6828
X-CHANGE CORPORATION CHANGES ITS CERTIFYING AUDITOR
DALLAS, APRIL 19, 2007 - THE X-CHANGE CORPORATION (OTCBB: XCHC) today announced
that its Board of Directors dismissed its certifying accountant, Robison, Hill &
Co. ("Robison, Hill"). Robison, Hill's reports on the financial statements for
the years ended December 31, 2006 and 2005 did not contain an adverse opinion or
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles other than with respect to a modification
concerning the company continuing as a going concern. During the years ended
December 31, 2006 and 2005, and the subsequent interim period through April 12,
2007 the Company has not had any disagreements with Robison, Hill on any matter
of accounting principles or practices, financial statement disclosure or
auditing scope or procedure.
X-Change management is interviewing local firms with proven experience to insure
diligent and timely filings of the Company's quarterly reviews and audits. The
Company expects to announce its selection shortly.
ABOUT X-CHANGE CORPORATION
X-Change Corporation, through its wholly-owned subsidiary, AirGATE Technologies,
Inc. is a leader in unique, vertical market applications utilizing RFID and
wireless, intelligent sensor technology. AirGATE Technologies, a full-solution
company, handles business assessment, technology selection, including
proprietary AirGATE technology, integration and support. The Company has, in an
environment of technology cost compression, built a stable of technology
partners that are best in class and span a wide range of solutions to support
small, medium and large enterprises. Please visit WWW.AIRGATETECH.COM or
WWW.X-CHANGECORP.COM for further information.
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 our 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.