Tuesday, December 28, 2010

The X-Change Corporation Announces Subsidiary Name Change for Solar Silicon Production

DALLAS, TX--(Marketwire - December 28, 2010) - The X-Change Corporation (PINKSHEETS: XCHC) today announced that it has changed the name of its subsidiary, Commerce Services, Inc., to PolySilicon, Inc. PolySilicon will undertake the production of solar-grade silicon metal in new furnaces ordered after X-Change's purchase of the License of the IP of 21-Century Silicon on December 8th. The new furnaces are scheduled to be completed during the first quarter of 2011. The Company is still awaiting the decision by the State of Texas agreeing to the asset purchase agreement signed by the Company and 21-Century on December 8, 2010. The existing plant of 21-Century has been closed since the exclusive licensing agreement with the Company was concluded.

PolySilicon will manufacture solar-grade silicon metal at half the manufacturing cost, one-tenth the plant setup cost, and in one quarter of the plant setup time of its major competitors, enabling its customers to benefit from the company's major cost advantages and receive a high-purity product at a price competitive with that offered elsewhere within the industry.

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