Exhibit 99.1
SURREY VACATION RESORTS, INC.
GRAND CROWNE RESORTS
000-X XXX 000 XXXXX
XXXXXXX, XXXXXXXX 00000
TEL 000-000-0000 FAX 000-000-0000
April 26, 2011
Xx. Xxxxxxxx Xxxxxx, Ph.D.
President and & Chief Executive Officer
X-CHANGE CORPORATION
00000 Xxxxx Xxxxxxx Xxxxxxxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
Gentlemen;
After the Contract dated, March 7, 2011, was signed, I sent several letters to
our Timeshare Lenders requesting their consent of the X-Change Corporation and
Surrey Vacation Resorts, Inc., transaction. This acquisition by X-Change
Corporation would give Surrey Vacation Resort, Inc., access to the major stock
exchanges and investors and would provide additional sources for financing.
Unfortunately, to date, we have not received any approvals from the Lenders as
required by the Contract. As a result of this situation, I am unable to complete
the contemplated transaction. Please take all measures required to notify your
Officers and Board of Directors.
Sincerely,
/s/ X. X. Xxxxx
----------------------------
X. X. Xxxxx
President & CEO
