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AirGATE Adds Dr. Jack Younse to Its Top Development Team

Posted on: Monday, 24 October 2005, 09:00 CDT

AirGATE Technologies, Inc., a wholly owned subsidiary of the X-Change Corporation (OTCBB:XCHC), has added accomplished R&D specialist, Dr. Jack Younse, to its product development team.

Younse holds a B.S.E.E, M.S.E.E and D. ENG. from Southern Methodist University (SMU) in Dallas. He retired from Texas Instruments (TI) after a highly successful career centering on R&D in the technology areas of superconductivity, space instruments (cosmic radiation and spectroscopy), CCD imagers and cameras, machine vision (automation), and micro-electro-mechanical systems (MEMS), and high-definition displays and monitors.

While at TI, Dr. Younse served as a Program Manager of various developmental programs, including TI's very successful Digital Light Processor projection display technology (DLP). These programs involved leading a team of engineers including mechanical, electrical, optical, and software disciplines in the development of various products.

"Jack Younse's ability and experience will be great assets to AirGATE and its customers," said Michael Sheriff, President and CEO of AirGATE Technologies. "Specifically, Dr. Younse's expertise in the development of a child safety seat system will prove invaluable as AirGATE moves its own patent pending child safety seat system technology to market."

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 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 www.x-changecorp.com for further information.

Forward-Looking Statements

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 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 web page at http://www.x-changecorp.com/index.html, and specifically the most recent reports on Form 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.

Source: Business Wire

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