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.
X-Change Corporation (OTCQB: XCHC.PK) announced today the addition of former Halliburton Completion Specialist Dan Morrison as the new Board of Director. Mr. Morrison is well respected and highly thought of in the exploration and drilling industry. His combined 25 years of executive expertise and experience in the oil and gas industry will build long term revenues and shareholder growth. Mr. Morrison started his oilfield career at Halliburton Energy. At Halliburton, he was a principal member of several national leadership teams, and a Service Quality lead for the Western US on the Performance Improvement Initiative. Mr. Morrison functioned as the global point contact manager for Shell Oil Company for several key product service lines which included fracture /acidizing, well intervention, sub-sea well testing, tools and testing, and slick line while at Halliburton. He served as the US Well Intervention Sales Manager for pin point stimulation, well intervention, slick line, and rig-less completion initiative in the Gulf of Mexico. “Mr. Morrison has vast knowledge and experience in unconventional plays, and the ability to extract mature and difficult hydrocarbons using innovative technologies to ensure assets are utilized to their maximum potential," stated Atul Trivedi, chief executive. "The company will benefit having Mr. Morrison’s experience in developing the drilling strategy for the next several years.” Mr. Morrison has worked on major projects around the globe on improving production, risk mitigation, and well control. In addition, he has published over six Society of Petroleum Engineering papers and several magazine articles regarding cutting-edge technology for unconventional assets. He holds numerous patents on technologies associated with drilling and completion operations. Mr. Morrison received a BS degree in Chemical Engineering from The University of Texas at Austin. About Cress Oil Cress Oil is focused on projects for deep and shallow wells domestically and internationally. Cress Oil will partner with other oil and gas companies to explore for reserves on properties the majors have left behind. Cress Oil earns an interest in new reserves acquired and in production. The company intends to grow through a combination of exploration, exploitation, and development drilling, drilling services as well as strategic acquisitions of oil and natural gas fields. For more information, please visit www.cressoil.com 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.