8-K

 

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

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): December 4, 2007

X-Change Corporation
__________________________________________
(Exact name of registrant as specified in its charter)

Nevada	002-41703	900156146
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
710 Century Parkway, Allen, Texas		75013
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 972-747-0051 x113

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 4, 2007, The Board of Directors of The X-Change Corporation appointed Ms. Kathleen Hanafan as President of the Company and its wholly owned subsidiary AirGATE Technologies, effective immediately.

A copy of the press release is filed herewith as Exhibit 99.1

Item 7.01 Regulation FD Disclosure.

A copy of the press release announcing the promotion of Kathleen Hanafan is attached as Exhibit 99.1 and is hereby incorporated by reference to this Item 7.01.

The information in the press release is being furnished pursuant to Item 7.01 of Form 8-K. In accordance with General Instruction B.2 of Form 8-K, the information in the press release shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits.

99.1 Press Release announcing appointment of Kathleen Hanafan as President

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	X-Change Corporation
December 10, 2007	By:	/s/ Michael L. Sheriff
		Name: Michael L. Sheriff
		Title: Chief Executive Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release announcing the promotion of Kathleen Hanafan

EX-99.1

FOR IMMEDIATE RELEASE

Contacts:

Michael L. Sheriff
Chief Executive Officer
X-Change Corporation
(972) 747-0051

Carissa Carlley
Marketing and Public Relations
(972) 747-0051

X-CHANGE CORPORATION PROMOTES KATHLEEN HANAFAN
TO PRESIDENT

DALLAS, December 10, 2007 – The X-Change Corporation (OTCBB: XCHC) announced today it has appointed Ms. Kathleen Hanafan to the position of President of the Company and its wholly owned subsidiary, AirGATE Technologies, Inc. Ms. Hanafan has served as Chief Operations Officer of AirGATE Technologies, since December 2006 and Chief Operations Officer and Director of X-Change Corporation since May, 2007.

In her new role, Ms. Hanafan will be responsible for the overall direction of the Company including achieving the Company’s strategic goals and operational excellence.

Mike Sheriff, CEO and Chairman of the Board stated, “Kathleen has made significant contributions to fuel the growth of X-Change Corporation. Under her collaborative leadership and strategic vision, our sales and marketing and operations have made remarkable progress while earning the respect of the financial community and our customers. I am confident Kathleen will continue growing and enhancing the profitability of X-Change in her new role. The Board and I are very excited about the future of X-Change Corporation.”

About X-Change Corporation
X-Change Corporation, through its wholly-owned subsidiary, AirGATE Technologies, Inc. is a leader in unique, vertical market applications utilizing RFID and wireless, intelligent sensor technology. AirGATE Technologies, a full-solution company, handles business assessment, technology selection, including proprietary AirGATE technology, 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 or www.x-changecorp.com for further information.

Forward-Looking Statements

Except for historical information contained herein, the statements made in this release may 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, including our dependence on strategic relationships with key suppliers and customers, our business model’s dependence on widespread acceptance of RFID technology, our ability to develop recurring revenue streams and the competitiveness of the market in which we compete. These forward looking statements include statements regarding the intent, belief or current expectations of the X-Change Corporation, AirGATE Technologies and their respective managements regarding strategic directions, prospects, future events and future results. 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. The X-Change Corporation disclaims any obligation to update or correct any forward-looking statements made herein.