DALLAS, TX--(Marketwire -03/26/12)- X-Change Corporation (OTCQB: XCHC.PK - News) (Pinksheets: XCHC.PK - News) announced today the
addition of two new Board of Director members, Robert Nourse and Graciela Moreno. Mr. Nourse was appointed President and
Ms. Moreno was appointed Senior Vice President of X-Change Corporation. Their
combined years of executive expertise and experience will build long term
revenues and shareholder growth.
Robert Nourse, President of The X-Change Corporation, has more than 14 years
of progressively responsible experience raising private capital for the
exploration and drilling of oil wells in excess of $100 million. Robert has led
these companies in the start-up and growth phase by providing clients with
superior leadership during critical transition phases. The X-Change Corporation
welcomes their experience and knowledge in leading the company. Robert Nourse
has commitments of $10 Million of immediate funding to X-Change Corporation.
With a strong knowledge of finance in the oil and gas industry, Mr. Nourse
has been responsible for raising funds for wells spanning from North Dakota to
Texas. He has experience in all aspects of venture capital, private placement, equity, mergers and
acquisitions, and joint venture.
Among his significant previous positions, Mr. Nourse was an independent
Petroleum Land man for Chesapeake
Energy Corporation, the second-largest producer of natural gas, and top
15 producer of oil and natural gas liquids in the United States for the past six
Graciela Moreno joins X-Change Corporation as Vice President, to assist in
implementing the vision, mission, and overall direction of the company. With
years of experience in the Oil & Gas Industry, and applying a strong
expertise in result-driven, long-term strategic planning, Graciela Moreno will
be a welcome addition to X-Change Corporation.
Prior to joining X-Change Corporation, Ms. Moreno has been a leader in
corporate business development, new client systems, and assisted in exploration
and development in both the upstream and downstream sectors of oil and gas. She
managed a diverse project portfolio, including managed marketing systems,
product feasibility profiles, and customer satisfaction measurement. She was
involved in exploring joint venture opportunities with individuals and companies
in the Oil & Gas industry. In her first three months, Graciela increased the
firm's consulting investment revenues by 20%. Ms. Moreno participated in raising
over $3 million in venture capital to finance various joint ventures.
Ms. Moreno started her career in the Oil & Gas Industry as a Petroleum
Landman determining ownership in minerals through the research of public and
private records and negotiating for the acquisition or divestiture of mineral
rights in both the Barnett and Haynesville Shale.
About X-Change Corporation
X-Change Corporation is building interests in a broad range of oil and gas
projects worldwide. The Company is an independent energy company engaged in the
production, development, acquisition, exploitation and exploration of crude oil
and natural gas.
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. Factors that
could cause or contribute to such differences include the future U.S. and global
economies, the impact of competition, and the Company's reliance on existing