NT 10-K 1 txccnt10k123111.htm THE X-CHANGE CORPORATION
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_________________

FORM 12b-25

_________________

NOTIFICATION OF LATE FILING

(Check one): S Form 10-K           o Form 20-F           o Form 11-K           o Form 10-Q           o Form 10-D
o Form N-SAR       o Form N-CSR
 
For Period Ended: December 31, 2011
o Transition Report on Form 10-K
o Transition Report on Form 20-F
o Transition Report on Form 11-K
o Transition Report on Form 10-Q
o Transition Report on Form N-SAR
 
For the Transition Period Ended: ____________________

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:


PART I — REGISTRANT INFORMATION

 
The X-Change Corporation
Full Name of Registrant
 
 
Former Name if Applicable
 
12655 North Central Expressway, Suite 1000
Address of Principal Executive Office (Street and Number)
 
Dallas, TX 75243
City, State and Zip Code

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

  S   (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
    (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
    (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III — NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed)

As reported in a Current Report on Form 8-K, filed March 5, 2012, The X-Change Corporation entered into a Repurchase Agreement with Old West Entertainment Corp. which effectively cancelled an asset acquisition dated August 18, 2011 (previously reported on Form 8-K and Form 8-K/A) as if said transaction never existed. The Company's current management is working with the Company's former management, the Company's legal counsel and the Company's auditors to locate, acquire and provide the requisite financial data to complete an audit of the Company's financial statements as of December 31, 2011. Accordingly, timely completion of said audit of the Company's financial statements and the timely filing of our Form 10-K could not be accomplished without unreasonable effort or expense.

PART IV — OTHER INFORMATION

           
(1) Name and telephone number of person to contact in regard to this notification
 
  R. Wayne Duke   (972)   386-7350
  (Name)   (Area Code)   (Telephone Number)
 
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
 
Yes  S     NO  £
 
   
 
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
 
Yes S     NO  £
 
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
 
 
 

The X-Change Corporation

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date:   April 4, 2012   By: /s/ R. Wayne Duke, President