X-Change Acquisition Guardian Telecom Installs $750,000.00 To-Date Of Industrialized Communications Equipment To Saxon Energy Drilling Rigs
X-Change Corporation (OTCQB: XCHC.PK) announced today that Guardian Telecom, Inc. has installed its hardened industrialized telephone systems on many of Saxon Energy Services Inc.’s drilling rigs. To date Guardian Telecom, Inc. has installed approximate $750,000.00 of industrialized equipment to enhance their communications systems on its drilling rigs in Calgary, Alberta. Guardian Telecom Inc.’s 2011-2012 financials released gross revenues of Six Million Four Hundred Fifty Thousand Dollars ($6,450,000.00), with its’ 2012-2013 fiscal year revenues expected to exceed Ten Million Dollars ($10,000.000.00).
Saxon Energy Services Inc. is an international oilfield services company specializing in contract drilling and well servicing for oil and gas companies in North America, South America, the Middle East, and South East Asia. With Saxon’s acquisition of Schlumberger’s Rig Management Group (RMG) in November of 2011 it has increased their total rig count to 95 rigs worldwide. Guardian will continue to deliver its products and services to Saxon Energy Services. Inc. and maintain its long term relationship with the company.
Guardian Telecom, Inc. 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 has manufacturing facilities in Calgary, Canada and has sales and technical support offices in the United States, UAE and Dubai.
About X-Change CorporationX-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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