The X-Change Corporation Announces Social
Networking Site
LOS ANGELES/PRNewswire-FirstCall/ -- The X-Change Corporation
(
OTC:XCHC)
, a multimedia and e-commerce venture serving the diverse and growing
Hispanic market, announced the soft launch of its social networking
site called MundoTribu ("world tribe") at www.mundotribu.com. The site
became active Sunday, May 2nd, at noon CDT.
Company President and CEO, Haviland Wright, Ph.D., said, "Our
shopping subsidiary, Commerce Services, Inc., has today launched a new
service where our customers will enjoy shopping, financial services,
auctions, health advice, and music. This soft launch does not represent
our design for the completed site, but is intended to help us interact
with our markets and shape our offerings to their requirements and
taste. We are particularly proud of our strategy of providing shopping
for merchandise in various forms, including immediate purchases,
financed purchases, traditional auctions, and the exciting world of
penny auctions."
Richard T. Steele, president of Commerce Services, added, "Through
partnerships, we will be offering a variety of financial services,
including prepaid debit cards and multiple-payment financing. We are
particularly mindful of a responsibility to serve those who are
underbanked or unbanked, a significant source of income in the banking
markets these days."
X-Change Corporation executive vice president, Fernando A. Gomez,
said, "We intend to build the largest, most engaging and entertaining
social networking site serving the Hispanic market, creating at the same
time substantial value for our customers and shareholders."
The Company intends to release additional information in conjunction
with the full launch of major site channels within MundoTribu.
About The X-Change Corporation
The X-Change Corporation is a publicly traded shopping, auction, and
social networking venture serving the diverse and growing Hispanic
markets of North America, including Canada, the USA, and Mexico, through
the provision of services tailored to our customers' cultural
expectations and preferences. Commerce Services, Inc., a subsidiary of
The X-Change Corporation, announced a soft launch of its social
networking site, MundoTribu.com, on May 2, 2010. The slogan of
MundoTribu is "One World. One Tribe." With links to other social
networking sites, MundoTribu enables the building of tribes,
common-interest groups such as sports, entertainment, hobbies, eating,
health, and activities. In addition, MundoTribu will soon offer a
variety of types to shop, ranging from comparison shopping to several
types of auction. The service will also offer financial services, such
as prepaid debit cards and purchase financing. The Company intends to
seek out or build complementary products that help it achieve its goals
for growth and profitability.
Forward-Looking Statements
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. The X-Change
Corporation does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
Contact Information
Haviland Wright, President & CEO
Email: info@xchccorp.com
Tel: 1 (310) 916-9263
Web: www.xchccorp.com
Source: The X-Change Corporation
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