UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act
Date of Report (Date of Earliest Event Reported): January 31, 2011
The X-Change Corporation
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation or organization)
002-41703 90-0156146
(Commission File No.) (IRS Employer ID Number)
12655 North Central Expressway, Suite 1000 Dallas TX 75243
(Address of principal executive offices)
(972) 386-7350
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR230.425)
[ ] Soliciting material pursuant to Rule 14a 12 under the Exchange Act (17 CFR
240.14a 12)
[ ] Pre commencement communications pursuant to Rule 14d 2(b) under the Exchange
Act (17 CFR 240.14d 2(b))
[ ] Pre commencement communications pursuant to Rule 13e 4(c) under the Exchange
Act (17 CFR 240.13e 4(c))
ITEM 8.01 OTHER EVENTS
Previously Announced Acquisition and Note Purchase Agreement
On January 17, 2011 The X-Change Corporation ("the Company") announced that
through its subsidiary, PolySilicon, Inc, it had completed the purchase of the
intangible assets of 21-Century Silicon, Inc. ("21-Century"). At the same time
the Company announced an agreement to purchase a $3,500,000 note payable by
21-Century to the State of Texas ("the Note").
On January 28, 2011 the Company announced it cancelled the purchase of
21-Century and canceled its offer to purchase the Note. The purchase of the
assets was conditioned on the Company being able to purchase the Note. The State
of Texas's insistence on once again reviewing the transaction, which was
scheduled for closing, resulted in the Company's inability to complete the
financing necessary for silicon manufacturing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description of Exhibit
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99(1)* January 17, 2011 Press Release
99(2)* January 28, 2011 Press Release
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* Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
THE X-CHANGE CORPORATION
By: /s/ Haviland Wright
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Name: Haviland Wright
Chairman, Chief Executive Officer,
Acting Chief Financial Officer and
Director
Dated: January 31, 2011
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