Covering Unified Communications - From Our Indsutry Experts

TMCNet:  4C Tech Holdings Inc. Announces Termination of Agreement to Sell Guardian Telecom

[December 11, 2012]

4C Tech Holdings Inc. Announces Termination of Agreement to Sell Guardian Telecom

HOUSTON --(Business Wire)--

4C Tech Holdings, Inc. announced today the termination of Agreement to Sell Guardian Telecom Inc. with X-Change Corporation (OTCQB: XCHC).

4C Tech Holdings entered into an agreement with X-Change Corporation, pursuant to which X-Change was to purchase all of the outstanding shares of Guardian Telecom, Inc. in exchange for the sum of three million five hundred thousand dollars ($3,500,000) and one million shares of the common stock of X-Change Corporation.

X-Change Corporation defaulted on its payment obligations under the Purchase Agreement. On October 11, 2012 X-Change Corporation was notified in writing of its default concerning its first payment obligation under a $250,000.00 promissory note. On November 15, 2012, written notification was given toX-Change Corporation regarding its failure to satisfy its payment obligations set forth in the second promissory note in the amount of $750,000.00. 4C Tech Holdings terminated the Purchase Agreement with X-Change Corporation on November 30, 2012 for its default on its payment obligations and material breach.

About Guardian Telecom

Guardian Telecom, Inc is a wholly owned subsidiary of 4C Tech Holdings. Since its inception in 1993, Guardian Telecom Inc. is engaged in design and manufacture of industrial communication equipment for oil and gas companies for on and off-shore rigs, oil refineries, mining, nuclear and power facilities worldwide. Guardian is ISO 9001-200 certified and designs, manufactures and distributes globally Industrial Telephones, Hazardous Area & Explosion-Proof Telephones, VoIP Telephones, Accessories, Acoustic Booths and Paging equipment with certifications including: CSA, IC-CS03, UL, FCC, EU ATEX/CE, NEMA, ABS (News - Alert), ACA (Australia), KSA-SASO (Kingdom of Saudi Arabia) and CFT (Mexico). Guardian has manufacturing facilities in Calgary, Canada and has sales and technical support offices in the United States, UAE and Dubai and Mexico. For more information please visit

[ Back To Unified Communications's Homepage ]

Featured Whitepapers

Building A Business Case For Unified Communications

The hype surrounding any emerging technology often shrouds the private sector with mixed feelings, as decision-makers try to decipher whether new offerings will enhance operations, hinder productivity or introduce some bizarre mixture of the two.

Instant Cashflow Improvement and Rapid ROI with Unified Communications

The up-and-down economy of the past several years has highlighted the need to operate more effi ciently and cut costs wherever possible. In most situations, these two notions would seem contradictory, but a number of emerging technologies - cloud computing, virtualization and the bring-your-own-device movement among them - are helping companies accomplish these goals.

The Top Four Pitfalls of Unified Communications

Today's enterprise needs to be agile if decision-makers wish to remain competitive and relevant in the eyes of consumers. As more companies and customers around the world begin leveraging innovative devices like smartphones, tablets and next-generation laptops, the need to deploy unified communications grows alongside it. Neglecting to implement the technology may result in dire consequences that could spell the end of an organization.