COLORADO SPRINGS, Colo.,
Aug. 21, 2013 /PRNewswire/ -- The
X-Change Corporation (NASDAQ OTC: XCHC), a U.S. Company
specializing in cannabinoid formulation-based health and wellness
solutions, is pleased to announce the signing of management
agreements with a state licensed Arizona medical cannabis dispensary prepared
to launch operations, serving Arizona patients in a matter of weeks.
The revenues generated will permit X-Change Corp. to further pursue
innovation in patient-beneficial product research and development
as the Company fulfills its management role. X-Change Corp.
commits to meeting the highest standards in dispensing,
cultivation, and infusion services envisioned under the
agreements.
Chad S. Johnson, Chief Operating
Officer of The X-Change Corporation, said, "The Company is thrilled
to be chosen to manage the Arizona
dispensary and will constantly strive to provide excellence in
researching, producing, offering and dispensing our proprietary
cannabinoid products to enhance the quality of life of patients in
the state. The benefit and care of patients will always be the
driving force behind our operations in Arizona and beyond." Mr. Johnson
continued, "Arizona has the most
highly regulated, sensible, and forward-thinking medical cannnabis
dispensary program to date, and we look forward to bringing our
innovative products and services to that market."
Conveniently located near Interstate 10 in Cochise County, adjascent to Tuscon's
Pima County, the dispensary will
not only market its products on-site to patients using
market-leading 'Medbox' technology but also enjoy exclusive access
to produce and license its proprietary products and formulations
for legal distribution to Arizona's limited number of other licensed
dispensaries. As of June 2013,
there were 38,782 medical cannabis cardholders in the Arizona patient program. The Company's
use of gold standard dispensing systems licensed by Medbox, Inc.
will provide significant advantages to the dispensary, patients,
and the community, in part due to the system's biometrically
controlled and secured dispensing and storage systems.
X-Change Corp. will announce additional operational information
and product detail in the coming weeks pertaining to the
Arizona dispensary. As
previously announced, the Company is also working with Medbox, Inc.
to engage in additional management of dispensary and cultivation
facilities within legal regulatory environments in various states
throughout the country.
About The X-Change Corporation
The X-Change Corporation is currently developing new natural
cannabinoid containing products based on innovative formulations to
utilize the unique and potent benefits of the cannabis and hemp
plants. Medicinal properties of cannabis and hemp have been known
and applied for thousands of years. With the aid of scientific
research, The X-Change Corporation is translating such knowledge
into development of effective cannabinoid formulation-based health
and wellness solutions as well as cosmeceutical, nutraceutical, and
food brands throughout the world. The Company's health and
wellness, nutritional, and cosmetics lines will address personal
needs and will evolve with the introduction of new formulations and
products, advancing the Company within the expanding
multibillion-dollar global market.
Forward Looking Statements
This Press Release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing
works such as "anticipate," "seek," intend," "believe," "plan,"
"estimate," "expect," "project," "plan," or similar phrases may be
deemed "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Some or all of
the events or results anticipated by these forward-looking
statements may not occur. Factors that could cause or contribute to
such differences include the future U.S. and global economies, the
impact of competition, and the Company's reliance on existing
regulations regarding the use and development of cannabis-based
solutions. X-Change Corp. does not undertake any duty nor does it
intend to update the results of these forward-looking
statements.
The X-Change Corporation
Dr. Dorothy Bray, President
Mr. Chad S. Johnson, Esq., Chief
Operating Officer & General Counsel
info@xchangecorp.com
www.xchangecorp.com
+1.866.326.5595
Investment Inquiries
Robert Kane, CFO & Sr Vp of
Business Development
rkane@xchangecorp.com
+1.561.420.4824
SOURCE The X-Change Corporation