SOURCE: The X-Change Corporation

November 24, 2009 11:40 ET

The X-Change Corp. Terminates S3 Negotiations

ADDISON, TX--(Marketwire - November 24, 2009) - The X-Change Corp. (PINKSHEETS: XCHC) has terminated its previously announced agreement with Support Services and Systems, LLC. XCHC will not acquire S3. Wayne Duke, the Company's president, stated, "S3 has good, experienced management and a great business plan, but at this stage in its development a business combination wouldn't be in XCHC shareholders' best interests. We have terminated our preliminary agreement."

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Forward Looking Statements

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, and the impact of competition. XCHC does not undertake any duty nor does it intend to update the results of these forward-looking statements.

Contact Information

  • Corporate Contact:
    Wayne Duke
    President & CEO