HOUSTON, TX -- (Marketwire) -- 08/28/12 -- X-Change Corporation (OTCQB: XCHC) (PINKSHEETS: XCHC) announced today that it has closed on its transaction with Guardian Telecom, Inc. The acquisition of Guardian Telecom, Inc. will expand X-Change Corporation's product line and services into the industrial, petrochemical, power facilities, refineries, exploratory drilling, operation of wells on leases, and the servicing of drilling and workover rigs. The Company is expected to file a Super 8K with the Securities and Exchange Commission.
Guardian Telecom Inc. received today an additional $421,000.00 purchase order from Mitsubishi Heavy Industries, LTD. for its Gulf Nong Saeng Power Plant project in Japan to provide hazardous telecommunications equipment, software and services. The delivery date is contracted for January 15, 2013.
Guardian Telecom Inc. is a leader in the design and manufacturing 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 recently expanded its markets into the petrochemical, chemical and manufacturing facilities. Guardian has recently expanded its contract manufacturing division for projected revenues of $10 Million for end of year 2013. Guardian Telecom, Inc.'s ending 2012 revenues were SIX MILLION FOUR HUNDRED THOUSAND ($6,400,000.00) and the company is projected to exceed revenues of TEN MILLION ($10,000,000.00) for 2012-13 based on sales figures for the first two quarters of the current year. 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.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women