LAS VEGAS, NV, Oct. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Las Vegas Xpress, Inc. (OTCPK:LVXI) announced today that the X Train (www.vegasxtrain.com), which is planned to operate from Southern California to Las Vegas in mid-year 2019, has acquired the Affiliated Passenger Car Fleet from United Rail, Inc. (OTCPK:XTRND) for an undisclosed sum. The car fleet is a consortium of privately owned vintage passenger rail cars which are no longer able to operate on Amtrak trains since this service was discontinued by Amtrak earlier in the year.
“We have assembled over 20 vintage passenger railroad cars in our fleet,” stated Dianne D. David, President of Las Vegas Xpress. “We moved the car fleet to Las Vegas Xpress from United Rail, Inc. now that we have a target date to run in mid-year 2019. This now gives us a fabulous 'retro fleet' of cars from the classic era of railroading to include in our LA to Vegas consist.”
Michael Barron, CEO of freight consolidator United Rail, Inc. said, “We decided to transfer the Affiliated Passenger Car Fleet to Las Vegas Xpress. The Company needs these cars as they plan to run next year. This gives them control over the consist.”
Mr. Barron added, “United Rail Inc. has its hands full with its consolidation freight business. LVXI is a better home for the cars as we move forward.”
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. The Company has three operating divisions: The X Train (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. (www.vegasxtrain.com)
About United Rail Inc.
United Rail, Inc. is in the business of acquiring short line railroads in both the passenger operations sector as well as freight operations. The company has been active in this space for five years. It has operated both passenger rail excursions and short line freight operations and plans to develop rail infrastructure projects and terminal operations. It has an active pipeline of acquisitions of seven companies with revenues of $10 million and earnings of $3.2 million. (www.unitedrailinc.com).
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, Inc. 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) EVP – IR and Capital Markets email@example.com (917) 841 8371 Success City Online Ms. Maria Bailey (Media) Maria@successcityonline.com (702) 271-0591