Las Vegas
Xpress, Inc Announces
First Transit
to Operate X Train
Company
teams with UK's largest rail operator to make the X Train a
reality
LAS VEGAS, NV
-- November 28, 2018 -- InvestorsHub NewsWire
-- Las Vegas Xpress, Inc. (OTCPK:
LVXI) (www.vegasxtrain.com)
a company that is developing passenger rail service from Southern
California to Las Vegas, and the operator of X Wine Railroad
(www.xwinerailroad.com),
announced today that it has selected First Transit
Group,
the American
subsidiary of $ 7 billion UK-based First Group, to operate the X
Train, the first luxury train to connect Southern California to Las
Vegas in over 20 years.
Michael Barron,
Chairman and CEO of Las Vegas Xpress said, "After a long and careful search
we are pleased to be working with First Transit Group, the American
subsidiary of UK-based First Group. The company is one of the UK's
most experienced rail operators. We are confident that here in the
US, First Transit will be the partner to help us make the X Train a
reality."
First Group
operates globally, with the largest footprint in UK and North
America. The company has five rail and bus divisions
including
Greyhound Lines, the largest motor coach service in the United
States and Canada, which became a subsidiary in 2007. First Group
employs 100,000 employees with revenues of approximately $ 7
billion in
2017, and
transported 2.1 billion passengers last year.
Mr.
Barron added, "As one of the largest private sector operators in
the US, we believe First Transit is in the best position to deliver
the most innovative and efficient solutions to make the X Train a
passenger rail service experience like none other in the
country. Our
plan is to begin operations of the X Train in mid-year
2019."
Gregg Baxter, SVP
at First Transit said, "We are pleased to be working with the X
Train team on this landmark project. We have over 60 years of
experience in North America, and we believe the X Train is one of
the most exciting opportunities in rail today. We have the
expertise and technology to bring this project to
completion."
About
FirstGroup
FirstGroup
plc is a leading
transport operator in the UK and North America. With 6.4 billion in
revenue and more than 100,000 employees, the company transported
around two billion passengers last year. Each of its five divisions
is a leader in its field: In North America, First Student is the
largest provider of student transportation with a fleet of
around 44,000
yellow school buses. First Transit is one of the largest providers
of outsourced transit management and contracting services, while
Greyhound is the only nationwide operator of scheduled intercity
coaches.
In the UK, First
Bus is one of Britain's largest bus operators, transporting 1.6
million passengers a day. The company is one of the country's most
experienced rail operators, carrying around 130 million passengers
last year. Its vision is to provide solutions for an increasingly
congested world -- keeping people moving and communities
prospering.
About First
Transit
First Transit, Inc.
has 60 years of experience and is one of the largest private-sector
providers of mobility solutions in North America moving more than
350 million passengers annually. First Transit, Inc. provides
operation, management and consulting for more than 300 locations in
39 states, Canada, Puerto Rico, Panama and India for transit
authorities, state departments of transportation, municipalities,
hospitals, universities and private companies. First Transit
employs more than 19,500 dedicated transit professionals. For
additional information, please visit www.firsttransit.com.
About Las
Vegas Xpress, Inc.
Las Vegas Xpress,
Inc. is in the rail service business and operates specialty
passenger trains from metropolitan areas in the US to resort
gaming/casino destinations. LVXI has three operating divisions, Las
Vegas Xpress (a Southern California to Las Vegas passenger train),
X Wine Railroad, and Club X -- our membership club. The company
owns a licensed IATIAN travel agency, X Train Vacations which books
excursion rail travel for passengers.
Forward
Looking Statements
This press
release may contain forward-looking statements regarding Las Vegas
Xpress, Inc. (the "Company") within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. All statements, other than statements of historical fact
included herein are "forward-looking statements", including
statements regarding: the financial outlook of the Company, the
general ability of the Company to achieve its commercial
objectives; the business strategy, plans and objectives of the
Company and its subsidiaries; and any other statements of
non-historical information. These forward-looking statements are
often identified by the use
of forward-looking
terminology such as "believes," "expects," "anticipates," "seeks,"
"should," "could," "intends," or "projects" or similar expressions,
and involve known and unknown risks and uncertainties. The
Company's actual results may differ materially and adversely from
those expressed in any forward-looking statements as a result of
various factors and uncertainties,
and may be
beyond the Company's ability to foresee or control.
Las Vegas Xpress does not undertake an obligation to update or
revise any forward-looking statements, and all forward-looking
statements are expressly qualified by all such risk
factors and other cautionary statements. The information set forth
herein speaks only as of the date hereof.
Contacts:
Las Vegas
Xpress, Inc
Michael Mason
(Investors)
Executive Vice President
Investor Relations and Capital Markets
mmason@vegasxtrain.com
(917) 841 8371
Success City
Online
Ms. Maria Bailey
(Media)
Maria@successcityonline.com
(702) 271-0591