X Train Holdings Reaches Agreement to Operate Santa Fe Southern Railroad Excursion Services
24 April 2014 - 8:18AM
Marketwired
X Train Holdings Reaches Agreement to Operate Santa Fe Southern
Railroad Excursion Services
LAS VEGAS, NV--(Marketwired - Apr 23, 2014) - X Train Holdings
(OTCQB: XTRN), and Santa Fe Southern Railway, Inc., a privately
held company (SFSR) have entered into a contract by which XTRN will
operate the SFSR passenger and special events services between
Santa Fe and Lamy New Mexico. X Train Holdings, known as the X
Train, a luxury train travel service featuring its "Club X"
service, announced earlier this year their plan to partner with or
acquire existing passenger rail services. Their plan unites these
companies to provide consolidation of expenses and better access to
capital for growth and infrastructure. According to the
agreement, X Train Holdings agrees to operate the EXCURSION RAIL
SERVICE of SFSR, and to provide the capital necessary to
bring the track and equipment operational by taking over the
passenger service contract rights. SFSR personnel will continue to
provide the transportation services, and will be compensated by
XTRN to operate the equipment.
"We are very pleased to be working with SFSR to see this
historic rail service dating back to 1881 reinstated," stated Brian
Harrington, Vice President Business Development, X Train
Holdings. "We view this agreement with pride as we operate our plan
to grow our affiliated businesses by adding value and strength from
the X Train brand." The Santa Fe Southern Railway (SFSR) is a short
line railroad in New Mexico. It carries passengers and freight
between Lamy and Santa Fe, a distance of 18.1 miles. The railroad
was featured recently in the AMC TV series Breaking Bad season
5.
"While SFSR will not receive any immediate cash from this
transaction, it provides a way to restore a vital and living part
of history, the rail service from the connection with AMTRAK,
America's national passenger railway, to the historic capital of
the southwest, Santa Fe. This has been the central goal of
SFSR since its inception in 1992, and this contract provides the
best way to offer the service on a sustainable, attractive basis,"
said Karl Ziebarth, Chairman and CEO of the SFSR.
About X Train Holdings Las Vegas Railway Express, Inc., d/b/a X
Train Holdings (OTCQB: XTRN), has developed a robust infrastructure
of call center, travel agency, logistics planning management, food
& beverage, and unique passenger rail cars for the purpose of
acquiring or affiliating with privately owned passenger rail
companies under the X Train Holdings umbrella. Independently owned
and operated passenger rail companies can enlist the services of X
Train to grow market share, improve operating margins by
consolidating costs, and providing access to capital for asset
purchase, repair, and improvement. By consolidating either
acquired companies and/or affiliated companies, X Train Holdings
can create economies of scale for its array of member
companies. X Train Holdings continues its development of the
Southern California to Las Vegas corridor as well. X Train Holdings
has a Board of Directors representing both the rail industry and
Wall Street capital markets. For more information, please
visit the Company website at www.vegasxtrain.com.
Contacts: Success City Online Ms. Maria Bailey
Maria@successcityonline.com (702) 271-0591 Las Vegas Railway
Express, Inc. Broker & Investor Inquiries Worldwide Financial
Marketing, Inc. USA Communications & Investor Relations
www.wwfinancial.com O (954) 360-9998 F (954) 360-9881
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