Las Vegas Railway Express, Inc. - "X" Train Elects Gil Lamphere Chairman of the Board
October 05 2011 - 12:06PM
Marketwired
Las Vegas Railway Express, Inc. ("X" Train) (OTCBB: XTRN) announced
today that Gil Lamphere, 58, has been elected Chairman of the
Board.
Former "X" Train Chairman & current CEO/President Michael A.
Barron said, "We are pleased that Mr. Lamphere has joined our
company in the position of Chairman. His extensive experience in
the financial side of the railroad industry will serve the company
well in the coming years as we make the "X" Train a reality."
Mr. Lamphere commented on his election as Chairman, "I am
extremely excited to join the Las Vegas Railway Express, Inc. - "X"
Train project. It is without question one of the most significant
business opportunities I have ever seen in my 30 years in the rail
industry. I believe we have a bright future."
Mr. Lamphere currently serves on the Board of Directors of CSX
Corporation, a $25 billion, 23,000 mile Class 1 railroad and is a
partner at FlatWorld Capital LLC. Previously, Mr. Lamphere has
served on the board of Canadian National Railway ($25 billion,
15,000 mile transcontinental railroad), chaired the board of the
Illinois Central Railroad ($2.5 billion, 1,000 mile Class 1
railroad between Chicago and New Orleans) and served on the board
of Florida East Coast Railway ($2.8 billion railroad, 350 miles
down the east coast of Florida). He was also instrumental in the
investment and oversight of Mid South Rail. Mid South, Illinois
Central and Canadian National became successively the most
efficient railroads with the lowest operating ratios in North
America.
About Las Vegas Railway Express, Inc.
Las Vegas Railway Express, Inc. has been planning for the
establishment of a "Vegas-style" passenger train service between
Los Angeles and Las Vegas since early 2009. Roundtrip service will
be Thursday through Monday each week with an introductory price of
$99 each way which includes a First Class accommodation and
all-inclusive food & beverage, similar to the airline industry.
In addition, the "X" Train will also offer the ability for its
passengers to book hotel rooms, transportation transfers,
entertainment, show tickets and other travel incidentals. For more
information, please visit the Company website at
www.vegasxtrain.com.
Statements in this press release other than statements of
historical fact, including statements regarding the company's
plans, beliefs, and estimates as to projected market size are
"forward-looking statements." Such statements are subject to
certain risks and uncertainties, including factors listed from time
to time in the company's SEC filings, and actual results could
differ materially from expected results. These forward-looking
statements represent the company's judgment as of the date of this
release. The company disclaims, however, any intent of obligation
to update these forward-looking statements.
Contact: Las Vegas Railway Express, Inc. Mr. Michael
Barron CEO Email Contact (702) 583-6715
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