X-Change Pushing Its Way Into the $10+ Billion Urban Entertainment Market
August 22 2011 - 2:30PM
Marketwired
X-Change Corp (OTCQB: XCHC) announced they have moved into an asset
purchase agreement with Old West Entertainment. Old West
Entertainment specializes in music, feature films, television, home
video/DVD and events.
In an August 2011 article, Forbes ranked the top 20 hip-hop
earners. The list, unheard of 20 years ago, now tops over $265
million annually with a net worth of over $1.5 billion for the top
5.
In recent years, several urban based companies have sold for
large sums. Phat Farm, started by hip-hop mogul Russell Simmons was
sold to Kellwood for $140 million in 2004. Then, in 2007 Rocawear,
an urban brand name started by rapper Jay-Z, was sold to Iconix
(NASDAQ: ICON) for $204 million in cash.
For more information on X-Change, please visit
www.xchccorp.com
Other active stocks are Polo Ralph Lauren Corp (NYSE: RL) Coach,
Inc (NYSE: COH)
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