Global Broadcasting Systems, LLC Acquired by ConnectedMedia Technologies, Inc.

MIAMI, Feb. 24 /PRNewswire-FirstCall/ -- ConnectedMedia Technologies, Inc. (Pink Sheets: XCHC), 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."

About Connected Media Technologies

ConnectedMedia Technologies, Inc. services clients at the local, regional, national and international level who want to target US Hispanics through the company's custom digital marketing and media campaigns, content creation and syndication, production, programming and streaming for distribution through the internet, mobile, radio and television and print media platforms. The company seeks and invests in emerging and established Hispanic media and technology companies.

About Global Broadcasting Systems, LLC (GBS)

Global Broadcasting Systems, LLC (GBS) is a leading media company, based out of Miami, Florida operating in three different Hispanic market segments:  Radio, Television and diverse Digital Media/Internet companies.  In addition, GBS has relevant presence in show business promotion, concerts and festivals.

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.  ConnectedMedia Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.

SOURCE ConnectedMedia Technologies, Inc.

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