X-Change & Old West Entertainment Provides Guidance on Funding and Company Awareness

LOS ANGELES -- (BUSINESS WIRE) -- X-Change Corporation (OTCQB: XCHC), an emerging hip-hop entertainment conglomerate, is pleased to provide information on the awareness and funding, within the company.

Old West Entertainment Corp is based in Burbank, California that has been formed to develop, produce, and distribute a slate of feature films in the two million to 5 million budget range. The managers of Old West Entertainment have extensive experience within the Motion Picture industry and plan to utilize their relationships and guaranteed distribution pipeline to build a successful film slate.

Old West Entertainment Corp has secured several key long-term production and distribution partners and as such, Old West Entertainment is prepared to begin financing production now, with key relationships with both domestic and foreign distributors, and foreign sales agents in place. As a result certain pre-sales are available and/or in place on some of the titles. Old West Entertainment introduces a new entertainment paradigm having formed a unique operating entity through its equity partnerships between established motion picture filmmakers and a distribution model scenario. This unprecedented formation allows greater budgetary controls on production and acquisition of projects by management will seek additional partnerships with other quality filmmakers and production companies and evaluate what deals are in place, sometimes opting to take distribution to another studio if there is a better deal. By providing distribution for our own pictures we can guarantee the proper release and marketing plan for, by subsidizing film budgets through key partnerships, foreign sales, and other Industry standard financing as Lions Gate did; making quality low budget films and releasing them into the market place with the proper release and marketing plan.

Old West Entertainment Corp. is committed to raise sufficient equity funds to enable the company to become a consistent financier, supplier and distributor of lower budget commercial titles to both domestic and international audiences. Equally important, management intends to partner with successful creative producers of major theatrical talent - both actors and directors.

STRATEGIC OVERVIEW:

i.		Produces films whose themes and characters will have meaningful appeal to audiences around the world.
ii.		Reduces talent costs by identifying new talent or attracting prominent stars willing to take challenging roles for low fees.
iii.		On a case-by-case basis minimize the risk on any one production by pre-selling the film in advance to international distributors for a significant percentage of the budget.
iv.		Concentrating on the lower end of the feature budgets ($2 million to $5 million in general) and cross collateralizing the film slate to mitigate the risk over the entire slate.
v.		Retain genuine upside potential in the case of successful films by self-distributing when appropriate investment, which is essentially profit participating at the studio level.

It is very feasible to leverage our equity funds of Fifteen Million (15MM) to Twenty Million (20MM) through the use of incentives, minimum guarantees and foreign presales.

The revenue streams include:

i.		Video on Demand (VOD)
ii.		DVD/Home Video Sales and Rentals
iii.		Pay Cable
iv.		Broadcast Television
v.		Syndication
vi.		Ancillary Exhibition Markets (Military Installations, Airlines, Internet, Wireless, etc.)
vii.		Motion Picture Soundtracks
viii.		Merchandizing (Games, Merchandise Calendars, Wardrobes, Music, etc.)

Old West Entertainment Corp. is an independent Los Angeles-based entertainment company focused on a broad spectrum of entertainment business including: motion picture financing, production, distribution, artist management and development, music, radio broadcast, movies, TV reality shows and sitcoms, home video/DVD, D.J`s, and distribute 2 or more films in-house annually with budgets between two million and five million each, along with representing top music artists in Hip-Hop and R&B. In addition, Old West represents artists under direct management and representation for music distribution, concerts, entertainment events, and promotions, for the Hip-Hop consumer base and community.

Old West Entertainment plans to supplement its core strategy through ticket sales, security, ancillary entertainment services, and merchandising its branded products. The Company is committed to building a line of merchandise around its brand, including: liquor, cigars, clothing, ticket sales, and security.

Old West reduces its financial risk on each movie by pre-selling certain domestic and international rights to distributors before production commences. Such pre-sales typically amount to 40%-50% of the gross budget of each movie. Contracted pre-sales are then discounted with banks/finance companies to provide production financing. Each film is thus partially independently financed with such non-recourse senior debt, occasionally supplemented with a mezzanine tranche, post-theatrical market for its per-view (PPV) and video-on-demand (VOD), and the domestic and international pay and free TV markets. Old West has developed excellent relationships with several distributors, as well as with international distributors. These relationships will be utilized to provide a majority of the movie pre-sale agreements.

Old West Entertainment is an independent movie producer. The Company develops, produces and acquires films, including financing and licensing of films in the domestic and foreign markets. The Company focuses on feature length films in the drama, comedy and horror genres. The Old West business model can achieve consistent profitability in an industry characterized by volatile margins due to its financing expertise, its focus on controlling production costs and its emphasis on post-theatrical distribution. The Company is also dedicated to providing audiences worldwide with the latest in television entertainment. The Company specializes in the development and production of television programming, continuously looking to enhance and extend the limits on prime time entertainment. Old West Entertainment has teamed up with some of the most renowned television producers and networks worldwide, building a dynamic and powerful television production team to develop premier TV show content.

Hip-Hop & R&B company, Old West Entertainment has built a strong foundation for continual growth and achievement, with a visionary approach, high standards, and a management team that attracts some of the most exciting and original artists of our time.

Old West Entertainment Corp.

Old West is an entertainment company moving rapidly to the forefront of the Hip Hop consumer market, specializing in all aspects of entertainment, including Music, Feature Films, Television, Home Video/DVD and Major Events. Old West is aggressively establishing itself throughout the entertainment industry, including: music, developing new artists, movies, TV shows, and concert and event promotion. In addition to building the foundation for successful in-house production of music and TV shows.

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.