SOURCE: The X-Change Corporation
HOUSTON, TX--(Marketwire - Sep 27, 2012) - X-Change Corporation (OTCQB: XCHC) announced today that Guardian Telecom, Inc. is in the process of raising TEN MILLION DOLLARS ($10,000,000.00) to support the growth and expansion of its weatherized and industrialized product lines. The capital raise will ensure that the company is well funded for double digit growth over the next several years. A large portion of Guardian Telecom's growth is due to increased demand from the oil and gas, industrial and petrochemical industry. With additional funding to accelerate growth and development, Guardian Telecom will be financially well positioned for continued success.
Guardian Telecom's technology innovation, bold vision, and unyielding commitment to customer satisfaction is part of their long-term strategy to exceed 200% growth over previous year with expectations to hit $50 million in sales over the next three years. Guardian plans to expand its OEM business internationally and to expand its contract manufacturing facilities to facilitate larger orders from its current customers.
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 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.
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.