Las Vegas Railway Express, Inc. -- "X" Train Acquires Additional Passenger Train Cars
October 12 2012 - 2:11PM
Marketwired
Las Vegas Railway Express, Inc. ("X" Train), a Delaware company
(OTCQB: XTRN), is pleased to announce the company has executed an
agreement with a private owner to acquire two additional Bi-Level
passenger railcars for its "X Train" project. The acquisition
brings the first railset to a total of 12 rail cars for the X
Train. The terms of the cash purchase were not disclosed. "These
railcars are to be added to the railset of passenger cars we first
purchased in August of this year," stated Joseph Cosio-Barron,
Asset Development Managing Director for the Company. "My charge is
to acquire a total of two complete railsets for the X Train to meet
the anticipated demand for the service." The first railset is the
first of several which will undergo extensive renovation under the
supervision of Mr. Cosio-Barron.
"X" Train President & CEO Michael A. Barron said, "We
continue to acquire sets of railcars. Our plan is to include these
cars into the previous purchase set and to begin renovation work
later this year."
About Las Vegas Railway Express, Inc
Las Vegas Railway Express, Inc. has been planning for the
establishment of a "Vegas Class" passenger train service between
Los Angeles and Las Vegas since early 2009. Service departures are
planned to be Thursday and Friday to Las Vegas with returns on
Sunday back to Los Angeles. An introductory price of $99 each way
includes Vegas Class accommodation and all-inclusive food &
beverage. 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
http://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.
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& Investor Inquiries Worldwide Financial Marketing, Inc. USA
Communications & Investor Relations www.wwfinancial.com O (954)
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