X-Change To Show Technology To The Zubair Corporation.DALLAS -- The X-Change Corporation's 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. , AirGATE Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XCHC), announced today that it has signed a mutual non-disclosure agreement A non-disclosure agreement (NDA), also called a confidential disclosure agreement (CDA), confidentiality agreement or secrecy agreement, is a legal contract between at least two parties that outlines confidential materials or knowledge the parties related to its technology with The Zubair Corporation of the Sultanate of Oman. The Zubair Corporation has invited AirGATE to Oman to present its technology, and AirGATE has extended an invitation to representatives of the business development office of Zubair to visit AirGATE's offices in Allen, TX. The non-disclosure agreement will allow AirGATE to communicate technical details and solution schematics of its technology and Zubair to evaluate its uses within the Zubair organizations. The technology will involve AirGATE's development of a remote oil and gas well monitoring system using Zigbee, SAW (surface acoustic wave A surface acoustic wave (SAW) is an acoustic wave traveling along the surface of a material having some elasticity, with an amplitude that typically decays exponentially with the depth of the substrate. ) 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. for asset tracking and temperature sensing and a real-time location system for high value assets. AirGATE will also disclose its proprietary technology for oil field production. The X-Change Corporation's subsidiary, Curado Energy Resources, Inc., is sending Zubair a sample of Paragone(TM) and Micro-Clean(TM) from Micro-TES, Inc. Paragone is a bio-chemical product used in the oil and gas industry. Micro-Clean is a concentrated blend of live microbes that cleans, degreases and bioremediates hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen contamination. About The Zubair Corporation The Zubair Corporation is involved in continuously exploring opportunities in various sectors and identifying prominent and reputable international companies in these fields of activities, to establish representation relations, joint ventures and strategic alliances to jointly pursue such opportunities. The Zubair Corporation is one of the major players in Oman whether as suppliers of products or services or as contractors or total solution providers. The experience acquired by the group in the diverse fields of activity and in project development and privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned , as well as the group's ability to put consortia together to develop mega projects, have enabled it to successfully extend its activities to various markets. Please visit: www.zubaircorp.com. 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, such as RFID, that the Company believes will generate significant revenues and return a profit to shareholders. Please visit 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. |
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