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The X-Change Corporation To Open Cambodia Office.


DALLAS -- The X-Change Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: XCHC) announced today that it will open an office in the Cambodian capital of Phnom Phen, following initial meetings between senior management from the Dallas-based corporation and officials from the Petroleum Exploration and Production Division of the Cambodian National Petroleum Authority (CNPA CNPA Conseil National des Professions de l'Automobile
CNPA California Newspaper Publishers Association
CNPA Conseil National des Produits Agricoles (National Farm Products Council; Canada)
CNPA Carolinas Nature Photographers Association
). The new X-Change Corporation office will be staffed immediately and will focus on strategic and operational aspects of exploration and production of the nation's energy resources.

The Cambodian National Petroleum Authority (CNPA) is the primary government body responsible for promoting investment and administering both upstream From the consumer to the provider. See downstream.

(networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger
 and downstream activities within the petroleum industry in Cambodia. Though in its early stages of development, the petroleum industry in Cambodia has seen a significant increase in investment in recent years.

"We feel that we are in the right place at the right time to assist the Cambodian government in its efforts to promote national self-sufficiency by tapping in-country resources and cutting down on its reliance on foreign fossil fuels fossil fuel: see energy, sources of; fuel.
fossil fuel

Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas.
," said Charles Stidham, President of The X-Change Corporation.

The X-Change Corporation formed a wholly owned domestic subsidiary, Curado Energy Cambodia Limited, in March of this year to handle the administrative functions of any Cambodian operations. A Cambodian corporation will be formed to handle any exploration and production concerns.

For more information on The X-Change Corporation, visit the company's website at www.x-changecorp.com.

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. 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, 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 a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 5, 2005
Words:462
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