Business News • MarketWire • The X-Change Corporation Announces Modified Agreement for 21-Century Silicon |
The X-Change Corporation Announces Modified Agreement for 21-Century Silicon |
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The X-Change Corporation Announces Modified Agreement for 21-Century Silicon
DALLAS, TX--(Marketwire - December 8, 2010) - The X-Change Corporation (PINKSHEETS: XCHC) today announced that the escrow agreement for its formerly announced acquisition of 21-Century Silicon did not close due to 21-Century's inability to complete an audit of their financial records in a timely manner. The parties have mutually agreed to terminate the original contract and have negotiated and concluded an agreement for a fully paid, royalty-free, perpetual, irrevocable, and exclusive license for that company's core technology. X-Change will issue one million shares of common stock for the license.
View More : http://www.marketwire.com/mw/release.do?id=1365636&sourceType=3
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