This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

X-Change Acquisition Of Guardian Telecom A Manufacturer For The Oil, Gas And Industrial Sector Is Set To Close Tuesday, August 14, 2012

X-Change Corporation (OTCQB: XCHC) announced today that closing is set for Tuesday, August 14, 2012 on its contract to acquire Guardian Telecom. X-Change Corporation will finalize the closing of the transaction tomorrow with the completion of the audit and all terms to be complied with. X-Change Corporation will pay ONE MILLION ($1,000,000.00) cash and One Million Restricted Shares of its common stocks and a three-year note on the balance of the Three MILLION ($3,000,000.00) Dollar purchase price. X-Change Corporation will draw on a credit line from a shareholder for the $1,000,000.00 down payment. The acquisition of Guardian Telecom, Inc. will expand X-Change Corporation’s product line and services in developmental and operation of wells on leases, and the servicing of drilling and workover rigs.

Guardian Telecom, Inc. is a leader in the design and manufacture of industrial communication equipment for oil and gas companies for on and off-shore rigs, oil refineries, mining, nuclear and power facilities worldwide. Guardian Telecom has recently expanded its markets into the petrochemical, chemical and manufacturing facilities. Guardian Telecom, Inc. 2011 revenues were FIVE MILLION EIGHT HUNDRED THOUSAND ($5,800,000.00) and the company is projected to exceed revenues of EIGHT MILLION ($8,000,000.00) for 2012 based on sales figures for the first two quarters of the current year. Guardian has manufacturing facilities in Calgary, Canada and has sales and technical support offices in the United States, UAE and Dubai. Guardian currently has 100 plus employees.

About X-Change Corporation

X-Change Corporation is building interests in a broad range of oil and gas projects worldwide. The Company is an independent energy company engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas.

About Guardian Telecom, Inc.

Guardian Telecom, Inc., based out of Calgary, Canada is the leader in the design and manufacturer of industrial communications equipment largely for the oil and gas, refinery, petrochemical, chemical, mining, nuclear and power facilities. Guardian’s Explosion Proof products and components are designed to provide communications in Class 1 Division 1 and Class 2 Division 1 areas deemed to be hazardous due to the presence of flammable gasses, vapors, dust or fibers.

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs