MundoTribu social networking site launches.

The X-Change Corporation announced the soft launch of its social networking site called MundoTribu (“world tribe”) at www.mundotribu.com.

Company President and CEO, Haviland Wright, Ph.D., said, “Our shopping subsidiary, Commerce Services, Inc., has today launched a new service where our customers will enjoy shopping, financial services, auctions, health advice, and music. This soft launch does not represent our design for the completed site, but is intended to help us interact with our markets and shape our offerings to their requirements and taste. We are particularly proud of our strategy of providing shopping for merchandise in various forms, including immediate purchases, financed purchases, traditional auctions, and the exciting world of penny auctions.”

Richard T. Steele, president of Commerce Services, added, “Through partnerships, we will be offering a variety of financial services, including prepaid debit cards and multiple-payment financing. We are particularly mindful of a responsibility to serve those who are underbanked or unbanked, a significant source of income in the banking markets these days.”

X-Change Corporation executive vice president, Fernando A. Gomez, said, “We intend to build the largest, most engaging and entertaining social networking site serving the Hispanic market, creating at the same time substantial value for our customers and shareholders.”