This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

X-Change Corporation Ships Equipment To ASAM Distributor For Saudi Aramco Oil Company

Stocks in this article: XCHC

 

 

 



HOUSTON, Sept. 6, 2012 /PRNewswire/ -- X-Change Corporation (OTCQB: XCHC.PK) announced today that Guardian Telecom, Inc. has shipped its weatherized and d industrialized telephone systems to Saudi Aramco Oil Company. The value of the two shipments is $450,000.00. Guardian Telecom has now sold more than 1000 industrialized phones and acoustic booths to Saudi Aramco Oil Company at more than 1000 well sites throughout the kingdom through its distributor, ASAM ( Ali Salim Al Midfa) Trading Establishment. The company expects to receive well over $2,000,000.00 million in shipments over the next 12 months. Saudi Aramco's aggressive expansion of oil pipelines and refineries over the next decade will increase Guardian Telecom, Inc. revenues tenfold in their industrialized product lines over the next several years in the Middle East.

Saudi Aramco is the world leader in the production of petroleum-based energy. Saudi Aramco is a state-owned oil company of the Kingdom of Saudi Arabia, and is a fully integrated, global petroleum and chemicals enterprise. The company is the world leader in exploration, production, refining, distribution, shipping and marketing, and they manage the world's largest proven conventional crude oil and condensate reserves of 259.7 billion barrels. Saudi Aramco's average daily crude production in 2011 was 9.1 million barrels per day (bpd), and the company has the world's fourth-largest natural gas reserves of 282.6 trillion standard cubic feet (scf). The company is now ranked as the 8th largest refiner worldwide for downstream.

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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,758.14 -20.01 -0.11%
S&P 500 2,064.14 +2.91 0.14%
NASDAQ 4,753.9780 +5.5820 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs