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Reichertz concentrates in both food and drug regulatory law and intellectual property law

Peter S. Reichertz has joined the Washington, D.C. office of Sheppard, Mullin, Richter & Hampton LLP as a partner. Reichertz, most recently with Sonnenschein Nath & Rosenthal in Washington, D.C., joins as the chair of the firm's new Food and Drug Law group and as a member of the Intellectual Property practice group.

Deborah Shelton also joins the firm as a member of the Food and Drug Law group in the Washington, D.C. office. Shelton most recently practiced at Reed Smith in Washington, D.C.

Reichertz concentrates in both food and drug regulatory law and intellectual property law. He counsels companies whose products are regulated by the FDA under the Federal Food Drug and Cosmetic Act. Reichertz represents manufacturers and distributors in obtaining approval to market drugs, medical devices, food, dietary supplements and cosmetic products, and counsels on all aspects of marketing of such products, including labeling, advertising, manufacturing and distribution.

Additionally, Reichertz's practice includes advising advertising agencies, clinical investigators, research organizations and other non-manufacturers on compliance with the Federal Food Drug and Cosmetic Act. He represents clients in FDA rulemaking proceedings, and in enforcement proceedings brought by the U.S. on behalf of the FDA. He also counsels on related federal and state regulatory statutes.

"Peter's impressive skills and experience will be a huge asset to the firm, especially in launching our FDA practice," said Guy Halgren, managing partner of the firm. "He will play a important role in the firm's ongoing expansion in D.C."

"I look forward to building a food and drug regulatory practice at Sheppard Mullin and am excited to join a growing firm with an excellent reputation," Reichertz said. "The FDA practice I plan to lead will dovetail perfectly with the firm's existing corporate and litigation practices so that our clients will be able to enjoy seamless representation with respect to any and all food and drug matters."

"We are excited to have Peter in the D.C. office," said Edward Schiff, managing partner of the firm's Washington, D.C. office. "Peter's specialization is an excellent fit for us, given the corporate and M&A matters which we handle and the strong regulatory focus the office has built in the government contracts, antitrust and communications practice areas."

Reichertz also practices in intellectual property, specifically in trademarks, copyrights, trade secrets and licensing. His trademark expertise includes counseling and advising clients on the selection and adoption of trademarks, as well as the prosecution of trademark applications in the United States Patent and Trademark Office. Reichertz also prepares and negotiates trademark licensing agreements. He has been extensively involved in trademark infringement litigation, as well as opposition and cancellation proceedings before the Trademark Trial and Appeal Board.

Reichertz earned his law degree from The National Law Center, George Washington University in 1975 and graduated, with honors, from Brown University, with an AB in 1972.

About Sheppard, Mullin, Richter & Hampton LLP

Sheppard, Mullin, Richter & Hampton LLP is a full service AmLaw 100 firm with more than 480 attorneys in nine offices located throughout California and in New York and Washington, D.C. The firm's California offices are located in Los Angeles, San Francisco, Santa Barbara, Century City, Orange County, Del Mar Heights and San Diego. Sheppard Mullin provides legal expertise and counsel to U.S. and international clients in a wide range of practice areas, including Antitrust, Corporate and Securities; Entertainment, Media and Communications; Finance and Bankruptcy; Government Contracts; Intellectual Property; Labor and Employment; Litigation; Real Estate/Land Use; Tax/Employee Benefits/Trusts & Estates; and White Collar Defense. The firm was founded in 1927. For more information, please visit www.sheppardmullin.com.



AirGATE will begin field-testing the Phase 2 product in the second quarter of this year

X-Change Corporation (OTC BB: XCHC), announced today that it is filing an 8K on AirGATE Technologies' agreement with Hexion Specialty Chemicals, Inc. AirGATE Technologies is a wholly owned subsidiary of the X-Change Corporation. The 8K will be filed next week.

The Phase 2 contract exceeds $750,000. In addition, Hexion Specialty Chemicals has acquired 500,000 shares of restricted common stock. In Phase 1 of the same project, AirGATE developed and tested proprietary technology that will be used in oil & gas well development. AirGATE is developing cutting edge technology to solve a critical problem in the oil and gas industry. AirGATE's efforts have focused on the design of a new technology that is not currently available.

AirGATE will begin field-testing the Phase 2 product in the second quarter of this year. Based upon results, the Phase 2 contract will lead to commercialization of the technology, and AirGATE will receive a 5% royalty on gross revenues from use of the technology.

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio, Hexion Specialty Chemicals combines the former Borden Chemical, Bakelite, Resolution Performance Products and Resolution Specialty Materials companies into the global leader in thermoset resins. With 86 manufacturing and distribution facilities in 18 countries, Hexion serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion Specialty Chemicals is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexionchem.com.

About AirGATE Technologies

AirGATE Technologies, Inc. is an early-stage company specializing in radio frequency identification (RFID) and wireless, intelligent, sensor technology. As a full-solution company, AirGATE Technologies handles business assessment, process and technology blending, solution architecture, technology selection, including proprietary AirGATE technology, and 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 for more information.

About the X-Change Corporation

The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The Company intends to acquire interests in emerging opportunities that the Company believes will generate significant revenues and return a profit to shareholders. Please visit www.x-changecorp.com for further information.

Forward-Looking Statements

Except for historical information contained herein, the statements made in this release 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 and uncertainties that are difficult to predict, including statements regarding the intent, belief or current expectations of the X-Change Corporation, AirGATE Technologies and their respective managements regarding strategic directions, prospects and future results. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of the X-Change Corporation that involve risks and uncertainties. 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, and specifically the most recent reports on Form 10-K and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The X-Change Corporation disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.

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