Thursday, February 18, 2010
X-Change Corporation Finalizes Acquisition of ConnectedMedia Technologies to Form Leading US Hispanic Digital Multimedia Company
Mr. Fernando Gomez, Senior Executive VP for ConnectedMedia Technologies, Inc. stated, "This merger presents a formidable opportunity for our company and its shareholders, as we now have access to the US capital markets to execute our multi-media acquisition plan, allowing us to better serve our Hispanic market audience and expand our product offerings to our clients."
X-Change Corporation completed the merger with Connected Media Technologies, Inc., and in doing so the purchase price was paid in stock. Control has been turned over to the share holders of Connected Media.
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