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TheStreet Open House

X-Change Expands Its Electronic Contract Manufacturing Facilities For New Customers To Increase Growth By 200% In Industrial And Oil And Gas Industry

Stocks in this article: XCHC

X-Change Corporation (OTCQB: XCHC) announced today that Guardian Telecom, Inc. has entered into new electronic contract manufacturing orders to increase revenues by 200% from 2012 actual revenue figures. Due to increased demand for electronic manufacturing service in the industrial and oil and gas industry, Guardian Telecom has increased its machinery and equipment in its facilities to process high volume orders. Guardian manufacturing specializes in prototype to volume assembly, high speed and NPI surface Mount Assembly, through-hole assembly and many other services to meet its customers’ requirements internationally. Manufacturers around the world rely on Guardian’s quality and reliable assembly services to ensure that their products are meeting demand. Guardian has superior customers such as ARAM/INOVA system, Arrow Electronics, Nextron corporation, Eaton electrical and other large companies.

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 expanded markets in the petrochemical, chemical and manufacturing facilities. Guardian revenues were FIVE MILLION EIGHT HUNDRED THOUSAND ($5,800,000.00) for 2011-2012 fiscal year, and the company is projected to exceed revenues of TEN MILLION ($10,000,000.00) for 2012-2013 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.

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. www.guardiantelecom.com

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

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