The X-Change Corporation Announces the Acquisition of IPTV World
X-Change Corporation moves forward on its reorganization plan.

DALLAS, TX, August 19, 2010 /24-7PressRelease/ -- 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.

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.

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