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The X-Change Corporation Announces the
Acquisition of IPTV World
The X-Change Corporation
August 19, 2010
DALLAS, TX, -- The X-Change Corporation, a multimedia, telephony,
and e-commerce venture focused on various underserved ethnic
communities in the United States and elsewhere, announced the
pending acquisition of IPTV World, a company based in Los Angeles
with hosting facilities in the famous One Wilshire carrier hotel.
The acquisition is subject to the execution of a definitive
agreement. As previously announced on March 11, 2010, X-Change
intends to offer original and licensed video content that entertains
and interests the communities it serves, delivering programming to
Internet-connected set-top boxes that the company will sell or rent
to its subscribers. |
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The name "IPTV World" is derived from the acronym of Internet
Protocol Television, essentially, the delivery of live programming,
time-shifted programming, and video on demand. Verizon FiOS is IPTV,
delivered through Verizon's private IP network. IPTV is a
fast-growing segment of the market for at home television
programming, growing from a $12 billion market in 2009 to an
anticipated $38 billion in 2013. The company has identified
underserved markets that represent significant opportunities for
this service along with complementary goods and services. These
markets may not be large enough to attract the attention of large
service providers, but the populations the company serves in the US
are substantial in number, largely homogeneous, and feeling the lack
of culturally meaningful programming in their preferred languages.
About The X-Change Corporation
The X-Change Corporation is a publicly traded venture focused on
various underserved communities in the United States and elsewhere,
providing services tailored to our customers' cultural expectations
and preferences. The Company intends to seek out or build
complementary products that help it achieve its goals for growth and
profitability. |
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