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X-Change Corporation's AirGATE Technologies and Officials of Vietnam's Vung Tau Commercial Port Discuss RFID Implementation Plan
DALLAS, June 28 /PRNewswire-FirstCall/ -- Officials from the X-Change Corporation (BULLETIN BOARD: XCHC) and its wholly owned subsidiary AirGATE Technologies met with senior officials of Vietnam's Vung Tao Commercial Port today to refine further details regarding the port's deployment of radio frequency identification (RFID). AirGATE is the exclusive supplier of RFID services to Vung Tau Commercial Port.
Vung Tau Commercial Port is a deepwater port that is seen as a key import/export hub for Vietnam. It is located in BaRia-Vung Tau Province in the southern key economic zone that includes Ho Chi Minh City (Saigon), Dong Nai and Binh Duong provinces. As of late 2002, the province contributed six percent of the nation's total GDP, was home to 4.6% of the nation's foreign invested projects, and exported more than 21 percent of the nation's total export value.
In a related development, AirGATE has entered into an agreement with TM Trading Company, Inc. of Garland, Texas and Santa Clara, California, to expand its RFID sales presence into Cambodia, Laos, Thailand, Korea, Taiwan and Australia. TM Trading Company handles significant volumes of goods entering and leaving Vietnam and other Pacific Rim countries.
"Because of the strong RFID interest coming from Southeast Asia, we are pleased to engage the resources and experience of TM Trading Company as our representative for RFID applications," stated Michael Sheriff, CEO of AirGATE Technologies.
About AirGATE Technologies
AirGATE Technologies is a development stage company specializing in wireless data management technologies. The company designs and develops applications utilized in RFID deployments. AirGATE will deliver RFID solutions in selected vertical markets built around a data management and integration strategy based on its Matrix Analytic Engine. This strategy is designed to ensure rapid market penetration and maximum return on investment. Please visit http://www.airgatetech.com/ for more information.
About the X-Change Corporation
The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The Company intends to acquire interests in emerging technology opportunities, such as RFID, that the Company believes will generate significant revenues and return a profit to shareholders. AirGATE Technologies is a wholly owned subsidiary of the X-Change Corporation. Please visit http://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 and uncertainties that are difficult to predict, including statements regarding the intent, belief or current expectations of the X-Change Corporation, AirGATE Technologies and their respective managements regarding strategic directions, prospects and future results. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of the X-Change Corporation that involve risks and uncertainties. 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, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. 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.
Contact:
Bevo Beaven, Vice President
bevo@ctapr.com
Carl Thompson, Principal
carl@ctapr.com
CTA Public Relations
303-665-4200
X-Change Corporation
CONTACT: Bevo Beaven, Vice President, bevo@ctapr.com, or Carl Thompson,Principal, carl@ctapr.com, both of CTA Public Relations, +1-303-665-4200, forX-Change Corporation
Web site: http://www.x-changecorp.com/
Web site: http://www.airgatetech.com/
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