Global Broadcasting Systems, LLC Acquired by ConnectedMedia Technologies, Inc

[newsroom]

MIAMI, - ConnectedMedia Technologies, Inc., a wholly owned subsidiary of X-Change Corporation, announced today that it has received the approval of the Secretary of State of Florida to close on the 52% of Global Broadcasting Systems, LLC, (GBS), a media company that operates in Radio, Television and Digital Media/Internet.

GBS owns and operates WWWK Latina 105.5 FM and Latina 105.com with coverage in the Florida Keys, Homestead, Kendall and South Miami. The broadcasting operations cover 70% of South Beach, Downtown Miami, Coral Gables, South Miami and Doral and is the first and only Latin Tropical Hits radio station in South Florida.

"We are extremely pleased with the acquisition of GBS," stated Nydia Del Valle, President and CEO for ConnectedMedia Technologies, Inc. "Miami is the third largest Hispanic market in the United States and we feel this is an important move in our overall strategy as we continue to grow our company through investments in Hispanic media and technology.

"Not only does GBS, through LATINA 105.5FM, play the best tropical hits that appeal to a broad and loyal audience, it also engages in the production and distribution of television programming, content and internet broadcasting through LaMusicaChristiana.TV and Tvhumor.tv, and publishes the Spanish-language Newspaper LatinaNoticias.com."

Joseph (Felipe) Taveras, CEO for GBS stated, "We're extremely pleased to be joined with ConnectedMedia Technologies and be an integral part of their strategic plan. The additional funding for GBS will help us keep and attract the best of the best in our most critical asset - human resources."