The X-Change Corporation (OTC: XCHC), a multimedia and e-commerce venture serving the diverse and growing Hispanic market, announced a one-for-twenty reverse stock split. A reverse stock split reduces the number of shares.
Company President and CEO, Haviland Wright, Ph.D., said, “Since March, we have been executing a new business plan designed to build a company that we believe is an excellent investment, with the potential for extraordinary growth. We are taking this action so that investor evaluation of The X-Change Corporation will be accurately reflected in our stock price. We expect this to enable us to raise the capital needed to execute our business plan.”
The X-Change Corporation is a publicly traded shopping, auction, and social networking venture serving the diverse and growing Hispanic markets of the Americas through the provision of 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.