SOURCE: The X-Change Corporation

August 18, 2011 12:42 ET

The X-Change Corporation Makes Aggressive Move Into the Multi-Billion-Dollar Urban Entertainment Industry by Signing an Asset Purchase Agreement With Old West Entertainment

LOS ANGELES, CA--(Marketwire - Aug 18, 2011) - X-Change Corporation (OTCQB: XCHC) (PINKSHEETS: XCHC) is excited to announce that the Company is making an aggressive move into the multi-billion-dollar Urban Entertainment industry. The Urban Hip-Hop Entertainment industry generates several billion dollars per year in product sales with an estimated consumer-based purchasing power well into the hundreds of billions of dollars and topping over one trillion worldwide.

From ABC News, "The Industry has moved beyond its musical roots, transforming into a dominant and increasingly lucrative lifestyle. Hip-hop has grown well beyond the urban market. Visionaries foresee hip-hop-inspired house wares, furniture, linens, food, writing instruments and even a special hip-hop DVD section at Best Buy. They see publicly traded hip-hop companies and even a hip-hop entrepreneur rivaling Ralph Lauren or Oprah Winfrey on our list of the World's Richest People."

To read the full article please visit; http://abcnews.go.com/Business/story?id=89840&page=1#.TkL_s86zSA8.email

Almost 7 years ago Forbes wrote... http://www.forbes.com/2004/02/18/cx_jw_0218hiphop.html

XCHC has positioned itself to expand rapidly into this outstanding industry opportunity by purchasing the assets of Old West Entertainment Corp. a rapidly expanding Music, Feature Film and Television entertainment company based in Los Angeles, California with a focus on hip-hop entertainment. Old West is head up by Hip Hop Legend Arturo Molina Jr. AKA "Frost." Frost is an original and knows about originality. Rapping since 1980, Frost scored his first record deal with Electrobeat Records thanks to the help of his long time mentor and friend Ice-T. When deciding on his name, Frost decided to model his moniker after that of the man who helped start his career, choosing Frost since Frost comes before ice. Then known as Kid Frost, Frost became a regular on the car show circuit in the mid 1980s. When he released "La Raza" and his debut album, "Hispanic Causing Panic" a few years later, his visibility exploded and helped the Lowrider culture thrive in Southern California and eventually Worldwide. In 1995, Frost dropped the "Kid" from his nickname and signed with Ruthless Records, Eazy-E's label (distributed by Relativity).

Old West is committed to provide the best in all forms of urban entertainment while preparing to stand at the forefront of the Hip Hop consumer market. Old West is offering a wide range of urban entertainment services in Music, Feature Films, Television, Home Video/DVD and Major Events. As such, Old West is poised to build its management team by attracting seasoned professionals with extensive experience in this dynamically growing industry sector.

XCHC looks forward to announcing a string of exciting corporate developments over the next few days outlining management changes, expansion progress reports, and project acquisitions. XCHC will announce and release its new website in conjunction with the Old West Entertainment within the next few days.

Old West is an entertainment company moving rapidly to the forefront of the Hip Hop consumer market, specializing in all aspects of entertainment, including Music, Feature Films, Television, Home Video/DVD and Major Events. Old West is aggressively establishing itself throughout the entertainment industry, including: music, developing new artists, movies, TV shows, and concert and event promotion. In addition to building the foundation for successful in-house production of music and TV shows.

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, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs. Cannabis Science, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.

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