AirGATE Develops VoIP System for Inmate Telephones.DALLAS -- AirGATE Technologies, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the X-Change Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XCHC), has developed a VoIP add-on module for telephones in correctional facilities. Inmates make over 1,000,000 collect phone calls per day, and VoIP can provide greater efficiency and reduce costs. Existing inmate INMATE. One who dwells in a part of another's house, the latter dwelling, at the same time, in the said house. Kitch. 45, b; Com. Dig. Justices of the Peace, B 85; 1 B. & Cr. 578; 8 E. C. L. R. 153; 2 Dowl. & Ry. 743; 8 B. & Cr. 71; 15 E. C. L. R. 154; 2 Man. & Ry. 227; 9 B. & Cr. telephones are not equipped with VoIP capability. Replacing the phones completely with VoIP enabled phone sets can be costly. AirGATE provides a cost effective way to upgrade these installed phones with VoIP modules. These modules come in two different versions: wired and wireless. Both of these modules are add-on units. The wired module requires power-over-Ethernet (POE) and the wireless module requires a power line capable of providing voltage and current to the units. The VoIP enabled telephones allow calls to be routed over local area networks and the Internet. In addition to VoIP for inmate telephones, AirGATE has developed an inmate identification system for collect calls using radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) enabled wristbands. AirGATE plans to test the system for ninety days at the Franklin County Franklin County is the name of 24 counties in the United States. All except Franklin County, Idaho are likely named for Benjamin Franklin, a Founding Father of the United States. correctional facility in Mt. Vernon, Texas Vernon is a city in Wilbarger County, Texas, United States. As of the 2000 census, Vernon population was 11,660; it was 11,077 in the 2005 census estimate. Vernon is the county seat of Wilbarger County. GR6. . AirGATE will market its VoIP and inmate identification systems through established telephone service providers. AirGATE will receive a portion of collect call charges for use of its technology. About AirGATE Technologies AirGATE Technologies, Inc. is an early-stage company specializing in radio frequency identification (RFID) and wireless, intelligent, sensor technology. As a full-solution company, AirGATE Technologies handles business assessment, process and technology blending, solution architecture, technology selection, including proprietary AirGATE technology, and integration and support. The Company has, in an environment of technology cost compression, built a stable of technology partners that are best in class and span a wide range of solutions to support small, medium and large enterprises. Please visit http://www.AirGATEtech.com for more information. About the X-Change Corporation The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The Company intends to acquire interests in emerging opportunities that the Company believes will generate significant revenues and return a profit to shareholders. Please visit http://www.x-changecorp.com for further information. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Except for historical information contained herein, the statements made in this release constitute forward-looking statements (including within the meaning of Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934). Such forward-looking statements are based on current expectations that are subject to significant risks and uncertainties that are difficult to predict, including statements regarding the intent, belief or current expectations of the X-Change Corporation, AirGATE Technologies and their respective managements regarding strategic directions, prospects and future results. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of the X-Change Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by the X-Change Corporation, which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov or the X-Change Corporation's investor relations Investor relations The process by which the corporation communicates with its investors. web page at http://www.x-changecorp.com/index.html, and specifically the most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The X-Change Corporation disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion